Bitcoin Strategy Profund Fund Price on December 23, 2024
| BTCFX Fund | USD 31.88 1.24 3.74% |
If you're considering investing in Bitcoin Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Bitcoin Strategy stands at 31.88, as last reported on the 27th of December, with the highest price reaching 31.88 and the lowest price hitting 31.88 during the day. Bitcoin Strategy appears to be not too volatile, given 3 months investment horizon. Bitcoin Strategy Profund secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. By analyzing Bitcoin Strategy's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please makes use of Bitcoin Strategy's Risk Adjusted Performance of 0.1636, mean deviation of 2.73, and Downside Deviation of 2.93 to double-check if our risk estimates are consistent with your expectations.
Bitcoin Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Bitcoin |
Sharpe Ratio = 0.1866
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.65 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Bitcoin Strategy is performing at about 14% 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 Bitcoin Strategy by adding it to a well-diversified portfolio.
Bitcoin Strategy Valuation on December 23, 2024
It is possible to determine the worth of Bitcoin Strategy on a given historical date. On December 23, 2024 Bitcoin was worth 31.13 at the beginning of the trading date compared to the closed value of 31.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitcoin Strategy mutual fund. Still, in general, we apply an absolute valuation method to find Bitcoin Strategy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bitcoin Strategy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitcoin Strategy's related companies.
| Open | High | Low | Close | Volume | |
| 32.22 | 32.22 | 32.22 | 32.22 | 1.00 | |
12/23/2024 | 31.13 | 31.13 | 31.13 | 31.13 | 1.00 |
| 33.12 | 33.12 | 33.12 | 33.12 | 1.00 |
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Bitcoin Strategy Trading Date Momentum on December 23, 2024
| On December 24 2024 Bitcoin Strategy Profund was traded for 33.12 at the closing time. The highest daily price throughout the period was 33.12 and the lowest price was 33.12 . There was no trading activity during the period 1.0. Lack of trading volume on 12/24/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 6.39% . The overall trading delta to current closing price is 2.41% . |
About Bitcoin Strategy Mutual Fund history
Bitcoin Strategy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bitcoin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bitcoin Strategy Profund will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bitcoin Strategy stock prices may prove useful in developing a viable investing in Bitcoin Strategy
The fund seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts. It does not invest directly in bitcoin. The Advisor expects to gain exposure by investing a portion of its assets in a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands and advised by ProFund Advisors. It is non-diversified.
Bitcoin Strategy Mutual Fund Technical Analysis
Bitcoin Strategy technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Bitcoin Strategy Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Bitcoin Strategy Profund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bitcoin Strategy December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitcoin Strategy mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitcoin Strategy shares will generate the highest return on investment. By undertsting and applying Bitcoin Strategy mutual fund market strength indicators, traders can identify Bitcoin Strategy Profund entry and exit signals to maximize returns
Bitcoin Strategy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitcoin Strategy's price direction in advance. Along with the technical and fundamental analysis of Bitcoin Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bitcoin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1636 | |||
| Jensen Alpha | 0.7174 | |||
| Total Risk Alpha | 0.4953 | |||
| Sortino Ratio | 0.2209 | |||
| Treynor Ratio | (1.07) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Bitcoin Mutual Fund
Bitcoin Strategy financial ratios help investors to determine whether Bitcoin Mutual Fund 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 Bitcoin with respect to the benefits of owning Bitcoin Strategy security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |