Purpose Bitcoin Etf Performance
| BTCC Etf | CAD 15.47 0.02 0.13% |
The etf holds a Beta of 1.05, which implies a somewhat significant risk relative to the market. Purpose Bitcoin returns are very sensitive to returns on the market. As the market goes up or down, Purpose Bitcoin is expected to follow.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Purpose 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 | Trading Advice - Stock Traders Daily | 02/21/2025 |
2 | Technical Patterns and Signals - Stock Traders Daily | 02/28/2025 |
3 | Technical Analysis and Trading Signals - Stock Traders Daily | 03/10/2025 |
4 | Stock Market Analysis - Stock Traders Daily | 03/21/2025 |
Purpose |
Purpose Bitcoin Relative Risk vs. Return Landscape
If you would invest 1,840 in Purpose Bitcoin ETF on December 24, 2024 and sell it today you would lose (293.00) from holding Purpose Bitcoin ETF or give up 15.92% of portfolio value over 90 days. Purpose Bitcoin ETF is generating negative expected returns and assumes 2.9893% volatility on return distribution over the 90 days horizon. Simply put, 26% of etfs are less volatile than Purpose, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Purpose Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Bitcoin ETF, and traders can use it to determine the average amount a Purpose 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 = -0.0801
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BTCC |
Estimated Market Risk
| 2.99 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose 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 Purpose Bitcoin by adding Purpose Bitcoin to a well-diversified portfolio.
Purpose Bitcoin Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Bitcoin, and Purpose 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 Purpose Etf performance.
| Total Asset | 454.55 M | |||
About Purpose Bitcoin Performance
By examining Purpose Bitcoin's fundamental ratios, stakeholders can obtain critical insights into Purpose 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 Purpose 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.
PURPOSE BITCOIN is traded on Toronto Stock Exchange in Canada.| Purpose Bitcoin ETF generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Stock Market Analysis - Stock Traders Daily | |
| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in Purpose Etf
Purpose Bitcoin financial ratios help investors to determine whether Purpose 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 Purpose with respect to the benefits of owning Purpose Bitcoin security.