Bitcoin Etf Performance
| EBIT-U Etf | USD 35.86 0.37 1.02% |
The etf shows a Beta (market volatility) of 1.1, which signifies a somewhat significant risk relative to the market. Bitcoin ETF returns are very sensitive to returns on the market. As the market goes up or down, Bitcoin ETF is expected to follow.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Bitcoin ETF are ranked lower than 21 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating forward indicators, Bitcoin ETF sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
Bitcoin |
Bitcoin ETF Relative Risk vs. Return Landscape
If you would invest 2,105 in Bitcoin ETF on September 15, 2024 and sell it today you would earn a total of 1,481 from holding Bitcoin ETF or generate 70.36% return on investment over 90 days. Bitcoin ETF is generating 0.9482% of daily returns and assumes 3.4328% volatility on return distribution over the 90 days horizon. Simply put, 30% of etfs are less volatile than Bitcoin, and 82% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bitcoin ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Bitcoin ETF, and traders can use it to determine the average amount a Bitcoin ETF'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 = 0.2762
| Best Portfolio | Best Equity | |||
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| Small Returns | EBIT-U | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.43 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.95 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average Bitcoin ETF is performing at about 21% 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 ETF by adding it to a well-diversified portfolio.
About Bitcoin ETF Performance
By analyzing Bitcoin ETF's fundamental ratios, stakeholders can gain valuable insights into Bitcoin ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bitcoin ETF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bitcoin ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
BITCOIN ETF is traded on Toronto Stock Exchange in Canada.| Bitcoin ETF appears to be risky and price may revert if volatility continues |
Other Information on Investing in Bitcoin Etf
Bitcoin ETF financial ratios help investors to determine whether Bitcoin 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 Bitcoin with respect to the benefits of owning Bitcoin ETF security.