Stkd Bitcoin Gold Etf Market Value
| BTGD Etf | 28.45 0.39 1.39% |
| Symbol | STKD |
The market value of STKD Bitcoin Gold is measured differently than its book value, which is the value of STKD that is recorded on the company's balance sheet. Investors also form their own opinion of STKD Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is STKD 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 STKD Bitcoin's market value can be influenced by many factors that don't directly affect STKD 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 STKD Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if STKD Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STKD 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.
STKD Bitcoin '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 STKD Bitcoin's etf 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 STKD Bitcoin.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in STKD Bitcoin on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding STKD Bitcoin Gold or generate 0.0% return on investment in STKD Bitcoin over 30 days. STKD Bitcoin is related to or competes with Global X. STKD Bitcoin is entity of United States. It is traded as Etf on NASDAQ exchange. More
STKD Bitcoin 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 STKD Bitcoin's etf 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 STKD Bitcoin Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.2611 | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 6.81 |
STKD Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STKD Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STKD Bitcoin's standard deviation. In reality, there are many statistical measures that can use STKD Bitcoin historical prices to predict the future STKD Bitcoin's volatility.| Risk Adjusted Performance | 0.2355 | |||
| Jensen Alpha | 1.0 | |||
| Total Risk Alpha | 0.4827 | |||
| Sortino Ratio | 0.3065 | |||
| Treynor Ratio | 1.32 |
STKD Bitcoin Gold Backtested Returns
STKD Bitcoin is not too volatile given 3 months investment horizon. STKD Bitcoin Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.29, which indicates the etf had a 0.29% return per unit of volatility over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use STKD Bitcoin Gold coefficient of variation of 335.99, and Risk Adjusted Performance of 0.2355 to evaluate company specific risk that cannot be diversified away. The entity has a beta of 0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, STKD Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding STKD Bitcoin is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
STKD Bitcoin Gold has poor predictability. Overlapping area represents the amount of predictability between STKD Bitcoin time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 STKD Bitcoin Gold price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current STKD Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
STKD Bitcoin Gold lagged returns against current returns
Autocorrelation, which is STKD Bitcoin etf'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 STKD Bitcoin's etf expected returns. We can calculate the autocorrelation of STKD Bitcoin returns to help us make a trade decision. For example, suppose you find that STKD Bitcoin has exhibited high autocorrelation historically, and you observe that the etf 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 |
STKD Bitcoin 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 STKD Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STKD Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STKD Bitcoin etf over time.
Current vs Lagged Prices |
| Timeline |
STKD Bitcoin Lagged Returns
When evaluating STKD Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STKD Bitcoin etf have on its future price. STKD Bitcoin 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, STKD Bitcoin autocorrelation shows the relationship between STKD Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in STKD Bitcoin Gold.
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.When determining whether STKD Bitcoin Gold is a strong investment it is important to analyze STKD Bitcoin's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact STKD Bitcoin's future performance. For an informed investment choice regarding STKD Etf, refer to the following important reports:Check out STKD Bitcoin Correlation, STKD Bitcoin Volatility and STKD Bitcoin Alpha and Beta module to complement your research on STKD Bitcoin. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
STKD 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.