BetaShares Crypto (Australia) Market Value
| CRYP Etf | 7.88 0.15 1.87% |
| Symbol | BetaShares |
Please note, there is a significant difference between BetaShares Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if BetaShares Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BetaShares Crypto'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.
BetaShares Crypto '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 BetaShares Crypto'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 BetaShares Crypto.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in BetaShares Crypto on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding BetaShares Crypto Innovators or generate 0.0% return on investment in BetaShares Crypto over 60 days. BetaShares Crypto is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. BetaShares Crypto is entity of Australia More
BetaShares Crypto 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 BetaShares Crypto'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 BetaShares Crypto Innovators upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.1979 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (6.30) | |||
| Potential Upside | 10.06 |
BetaShares Crypto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Crypto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Crypto's standard deviation. In reality, there are many statistical measures that can use BetaShares Crypto historical prices to predict the future BetaShares Crypto's volatility.| Risk Adjusted Performance | 0.1718 | |||
| Jensen Alpha | 0.7729 | |||
| Total Risk Alpha | 0.2877 | |||
| Sortino Ratio | 0.2545 | |||
| Treynor Ratio | 0.5346 |
BetaShares Crypto Backtested Returns
BetaShares Crypto appears to be slightly risky, given 3 months investment horizon. BetaShares Crypto secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the etf had a 0.22% return per unit of risk over the last 3 months. By analyzing BetaShares Crypto's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of BetaShares Crypto's Mean Deviation of 3.37, downside deviation of 3.41, and Risk Adjusted Performance of 0.1718 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.84, 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, BetaShares Crypto will likely underperform.
Auto-correlation | 0.28 |
Poor predictability
BetaShares Crypto Innovators has poor predictability. Overlapping area represents the amount of predictability between BetaShares Crypto time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 BetaShares Crypto price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current BetaShares Crypto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
BetaShares Crypto lagged returns against current returns
Autocorrelation, which is BetaShares Crypto 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 BetaShares Crypto's etf expected returns. We can calculate the autocorrelation of BetaShares Crypto returns to help us make a trade decision. For example, suppose you find that BetaShares Crypto 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 |
BetaShares Crypto 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 BetaShares Crypto etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Crypto etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Crypto etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Crypto Lagged Returns
When evaluating BetaShares Crypto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Crypto etf have on its future price. BetaShares Crypto 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, BetaShares Crypto autocorrelation shows the relationship between BetaShares Crypto etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Crypto Innovators.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Crypto financial ratios help investors to determine whether BetaShares 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 BetaShares with respect to the benefits of owning BetaShares Crypto security.