WisdomTree Bitcoin (Netherlands) Performance
BTCW Etf | 25.39 354.76 93.32% |
The entity maintains a market beta of -73.47, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning WisdomTree Bitcoin are expected to decrease by larger amounts. On the other hand, during market turmoil, WisdomTree Bitcoin is expected to outperform it.
Risk-Adjusted Performance
15 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in WisdomTree Bitcoin are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, WisdomTree Bitcoin unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
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WisdomTree Bitcoin Relative Risk vs. Return Landscape
If you would invest 1,648 in WisdomTree Bitcoin on October 27, 2024 and sell it today you would earn a total of 891.00 from holding WisdomTree Bitcoin or generate 54.07% return on investment over 90 days. WisdomTree Bitcoin is generating 42.4945% of daily returns and assumes 216.8213% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than WisdomTree on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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WisdomTree Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as WisdomTree Bitcoin, and traders can use it to determine the average amount a WisdomTree 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 = 0.196
Best Portfolio | Best Equity | BTCW | ||
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
216.82 actual daily | 96 96% of assets are less volatile |
Expected Return
5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average WisdomTree Bitcoin is performing at about 15% of its full potential. 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 WisdomTree Bitcoin by adding it to a well-diversified portfolio.