Bitwise 10 Crypto Fund Market Value
| BITW Fund | USD 65.71 0.76 1.17% |
| Symbol | Bitwise |
Bitwise 10 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bitwise 10's otc fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bitwise 10.
| 08/24/2023 |
| 12/16/2024 |
If you would invest 0.00 in Bitwise 10 on August 24, 2023 and sell it all today you would earn a total of 0.00 from holding Bitwise 10 Crypto or generate 0.0% return on investment in Bitwise 10 over 480 days. Bitwise 10 is related to or competes with Grayscale Digital, Grayscale Litecoin, Grayscale Bitcoin, and Grayscale Bitcoin. More
Bitwise 10 Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bitwise 10's otc fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bitwise 10 Crypto upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.3633 | |||
| Maximum Drawdown | 18.2 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 7.38 |
Bitwise 10 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise 10's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitwise 10's standard deviation. In reality, there are many statistical measures that can use Bitwise 10 historical prices to predict the future Bitwise 10's volatility.| Risk Adjusted Performance | 0.2916 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 0.9472 | |||
| Sortino Ratio | 0.5228 | |||
| Treynor Ratio | 0.7294 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitwise 10's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bitwise 10 Crypto Backtested Returns
Bitwise 10 is very steady given 3 months investment horizon. Bitwise 10 Crypto secures Sharpe Ratio (or Efficiency) of 0.4, which signifies that the fund had a 0.4% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.45% are justified by taking the suggested risk. Use Bitwise 10 Downside Deviation of 2.49, mean deviation of 2.62, and Risk Adjusted Performance of 0.2916 to evaluate company specific risk that cannot be diversified away. The fund shows a Beta (market volatility) of 1.91, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitwise 10 will likely underperform.
Auto-correlation | 0.63 |
Good predictability
Bitwise 10 Crypto has good predictability. Overlapping area represents the amount of predictability between Bitwise 10 time series from 24th of August 2023 to 20th of April 2024 and 20th of April 2024 to 16th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bitwise 10 Crypto price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Bitwise 10 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 107.64 |
Bitwise 10 Crypto lagged returns against current returns
Autocorrelation, which is Bitwise 10 otc fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bitwise 10's otc fund expected returns. We can calculate the autocorrelation of Bitwise 10 returns to help us make a trade decision. For example, suppose you find that Bitwise 10 has exhibited high autocorrelation historically, and you observe that the otc fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Bitwise 10 regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bitwise 10 otc fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitwise 10 otc fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitwise 10 otc fund over time.
Current vs Lagged Prices |
| Timeline |
Bitwise 10 Lagged Returns
When evaluating Bitwise 10's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitwise 10 otc fund have on its future price. Bitwise 10 autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bitwise 10 autocorrelation shows the relationship between Bitwise 10 otc fund current value and its past values and can show if there is a momentum factor associated with investing in Bitwise 10 Crypto.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Bitwise OTC Fund
Bitwise 10 financial ratios help investors to determine whether Bitwise OTC 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 Bitwise with respect to the benefits of owning Bitwise 10 security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |