Bitwise Funds Trust Etf Technical Analysis
| AETH Etf | 42.49 0.02 0.05% |
As of the 22nd of December, Bitwise Funds shows the Downside Deviation of 3.53, risk adjusted performance of 0.1039, and Mean Deviation of 3.35. Bitwise Funds Trust technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
Bitwise Funds Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bitwise, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BitwiseBitwise |
Bitwise Funds technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Bitwise Funds Trust Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bitwise Funds Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bitwise Funds Trust Trend Analysis
Use this graph to draw trend lines for Bitwise Funds Trust. You can use it to identify possible trend reversals for Bitwise Funds as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bitwise Funds price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bitwise Funds Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bitwise Funds Trust applied against its price change over selected period. The best fit line has a slop of 0.34 , which means Bitwise Funds Trust will continue generating value for investors. It has 122 observation points and a regression sum of squares at 4287.5, which is the sum of squared deviations for the predicted Bitwise Funds price change compared to its average price change.About Bitwise Funds Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bitwise Funds Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bitwise Funds Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Bitwise Funds Trust price pattern first instead of the macroeconomic environment surrounding Bitwise Funds Trust. By analyzing Bitwise Funds's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Bitwise Funds's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Bitwise Funds specific price patterns or momentum indicators. Please read more on our technical analysis page.
Bitwise Funds December 22, 2024 Technical Indicators
Most technical analysis of Bitwise help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bitwise from various momentum indicators to cycle indicators. When you analyze Bitwise charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1039 | |||
| Market Risk Adjusted Performance | 0.1955 | |||
| Mean Deviation | 3.35 | |||
| Semi Deviation | 3.25 | |||
| Downside Deviation | 3.53 | |||
| Coefficient Of Variation | 827.61 | |||
| Standard Deviation | 4.45 | |||
| Variance | 19.8 | |||
| Information Ratio | 0.1136 | |||
| Jensen Alpha | 0.4645 | |||
| Total Risk Alpha | 0.403 | |||
| Sortino Ratio | 0.143 | |||
| Treynor Ratio | 0.1855 | |||
| Maximum Drawdown | 23.42 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 8.98 | |||
| Downside Variance | 12.49 | |||
| Semi Variance | 10.56 | |||
| Expected Short fall | (3.96) | |||
| Skewness | 0.7505 | |||
| Kurtosis | 0.9572 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Bitwise Funds Trust is measured differently than its book value, which is the value of Bitwise that is recorded on the company's balance sheet. Investors also form their own opinion of Bitwise Funds' value that differs from its market value or its book value, called intrinsic value, which is Bitwise Funds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitwise Funds' market value can be influenced by many factors that don't directly affect Bitwise Funds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitwise Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Funds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.