Grayscale Bitcoin Trust Etf Price on November 7, 2024
| GBTC Etf | USD 74.62 1.85 2.42% |
Below is the normalized historical share price chart for Grayscale Bitcoin Trust extending back to May 04, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Grayscale Bitcoin stands at 74.62, as last reported on the 23rd of December, with the highest price reaching 77.62 and the lowest price hitting 74.62 during the day.
If you're considering investing in Grayscale Etf, it is important to understand the factors that can impact its price. Grayscale Bitcoin appears to be very steady, given 3 months investment horizon. Grayscale Bitcoin Trust holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of standard deviation over the last 3 months. By evaluating Grayscale Bitcoin's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Grayscale Bitcoin's risk adjusted performance of 0.1691, and Market Risk Adjusted Performance of 0.3822 to validate if our risk estimates are consistent with your expectations.
Grayscale Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 64.72 | 200 Day MA 57.8383 | 1 y Volatility 64.51 | 50 Day MA 67.524 | Inception Date 2013-09-25 |
Grayscale |
Sharpe Ratio = 0.1858
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GBTC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.43 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Grayscale Bitcoin 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 Grayscale Bitcoin by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Grayscale Bitcoin Valuation on November 7, 2024
It is possible to determine the worth of Grayscale Bitcoin on a given historical date. On November 7, 2024 Grayscale was worth 59.6 at the beginning of the trading date compared to the closed value of 60.88. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grayscale Bitcoin etf. Still, in general, we apply an absolute valuation method to find Grayscale Bitcoin'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 Grayscale Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grayscale Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 59.05 | 60.91 | 58.46 | 60.60 | 7,486,364 | |
11/07/2024 | 59.60 | 61.22 | 59.30 | 60.88 | 3,184,463 |
| 60.67 | 61.56 | 60.20 | 61.05 | 2,826,719 |
| Backtest Grayscale Bitcoin | | | Grayscale Bitcoin History | | | Grayscale Bitcoin Valuation | Previous | Next |
Grayscale Bitcoin Trading Date Momentum on November 7, 2024
| On November 08 2024 Grayscale Bitcoin Trust was traded for 61.05 at the closing time. The top price for the day was 61.56 and the lowest listed price was 60.20 . The trading volume for the day was 2.8 M. The trading history from November 8, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 0.28% . The overall trading delta against the current closing price is 18.07% . |
Grayscale Bitcoin Trust Fundamentals Correlations and Trends
By evaluating Grayscale Bitcoin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grayscale Bitcoin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grayscale financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grayscale Bitcoin Etf history
Grayscale Bitcoin 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 Grayscale is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grayscale Bitcoin Trust 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 Grayscale Bitcoin stock prices may prove useful in developing a viable investing in Grayscale Bitcoin
Grayscale Bitcoin Trust is an exchange traded fund launched and managed by Grayscale Investments, LLC. Grayscale Bitcoin Trust was formed on September 25, 2013 and is domiciled in United States. Bitcoin Invt is traded on OTC Exchange in the United States.
Grayscale Bitcoin Etf Technical Analysis
Grayscale Bitcoin 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.
Price Boundaries
Grayscale Bitcoin Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Grayscale Bitcoin Trust cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Grayscale Bitcoin December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Grayscale Bitcoin etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grayscale Bitcoin shares will generate the highest return on investment. By undertsting and applying Grayscale Bitcoin etf market strength indicators, traders can identify Grayscale Bitcoin Trust entry and exit signals to maximize returns
Grayscale Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grayscale Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Grayscale Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grayscale 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 | 0.1691 | |||
| Jensen Alpha | 0.6388 | |||
| Total Risk Alpha | 0.5845 | |||
| Sortino Ratio | 0.2378 | |||
| Treynor Ratio | 0.3722 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grayscale Bitcoin 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Grayscale Bitcoin Trust is measured differently than its book value, which is the value of Grayscale that is recorded on the company's balance sheet. Investors also form their own opinion of Grayscale Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Grayscale Bitcoin's 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 Grayscale Bitcoin's market value can be influenced by many factors that don't directly affect Grayscale Bitcoin's 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 Grayscale Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grayscale Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grayscale Bitcoin's 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.