Ninepoint Bitcoin Etf Performance
| BITC Etf | CAD 18.45 0.39 2.07% |
The etf secures a Beta (Market Risk) of -1.65, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ninepoint Bitcoin are expected to decrease by larger amounts. On the other hand, during market turmoil, Ninepoint Bitcoin is expected to outperform it.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Ninepoint Bitcoin ETF has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's basic indicators remain very healthy which may send shares a bit higher in April 2025. The recent disarray may also be a sign of long period up-swing for the ETF investors. ...more
1 | BlackRocks iShares Bitcoin ETF shines amid sector outflows, expands to Canada - CryptoSlate | 01/14/2025 |
Ninepoint |
Ninepoint Bitcoin Relative Risk vs. Return Landscape
If you would invest 2,508 in Ninepoint Bitcoin ETF on December 25, 2024 and sell it today you would lose (663.00) from holding Ninepoint Bitcoin ETF or give up 26.44% of portfolio value over 90 days. Ninepoint Bitcoin ETF is generating negative expected returns and assumes 7.4447% volatility on return distribution over the 90 days horizon. Simply put, 66% of etfs are less volatile than Ninepoint, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Ninepoint Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ninepoint Bitcoin ETF, and traders can use it to determine the average amount a Ninepoint Bitcoin's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0331
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BITC |
Estimated Market Risk
| 7.44 actual daily | 66 66% of assets are less volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ninepoint Bitcoin is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ninepoint Bitcoin by adding Ninepoint Bitcoin to a well-diversified portfolio.
Ninepoint Bitcoin Fundamentals Growth
Ninepoint Etf prices reflect investors' perceptions of the future prospects and financial health of Ninepoint Bitcoin, and Ninepoint Bitcoin fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ninepoint Etf performance.
About Ninepoint Bitcoin Performance
By examining Ninepoint Bitcoin's fundamental ratios, stakeholders can obtain critical insights into Ninepoint Bitcoin's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Ninepoint Bitcoin is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Ninepoint Bitcoin is entity of Canada. It is traded as Etf on TO exchange.| Ninepoint Bitcoin generated a negative expected return over the last 90 days | |
| Ninepoint Bitcoin has high historical volatility and very poor performance |
Other Information on Investing in Ninepoint Etf
Ninepoint Bitcoin financial ratios help investors to determine whether Ninepoint Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ninepoint with respect to the benefits of owning Ninepoint Bitcoin security.