Bitwise Ethereum Etf Market Value
| ETHW Etf | 26.08 2.24 9.40% |
| Symbol | Bitwise |
The market value of Bitwise Ethereum ETF is measured differently than its book value, which is the value of Bitwise that is recorded on the company's balance sheet. Investors also form their own opinion of Bitwise Ethereum's value that differs from its market value or its book value, called intrinsic value, which is Bitwise Ethereum'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 Bitwise Ethereum's market value can be influenced by many factors that don't directly affect Bitwise Ethereum'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 Bitwise Ethereum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Ethereum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Ethereum'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.
Bitwise Ethereum '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 Ethereum'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 Bitwise Ethereum.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bitwise Ethereum on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bitwise Ethereum ETF or generate 0.0% return on investment in Bitwise Ethereum over 60 days. Bitwise Ethereum is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Franklin Bitcoin. Bitwise Ethereum is entity of United States More
Bitwise Ethereum 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 Ethereum'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 Bitwise Ethereum ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 19.47 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 9.15 |
Bitwise Ethereum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitwise Ethereum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitwise Ethereum's standard deviation. In reality, there are many statistical measures that can use Bitwise Ethereum historical prices to predict the future Bitwise Ethereum's volatility.| Risk Adjusted Performance | 0.1182 | |||
| Jensen Alpha | 0.2527 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1504 | |||
| Treynor Ratio | 0.2008 |
Bitwise Ethereum ETF Backtested Returns
Bitwise Ethereum appears to be not too volatile, given 3 months investment horizon. Bitwise Ethereum ETF secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of risk over the last 3 months. By analyzing Bitwise Ethereum's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please makes use of Bitwise Ethereum's Mean Deviation of 3.18, downside deviation of 3.18, and Risk Adjusted Performance of 0.1182 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 2.96, 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 Ethereum will likely underperform.
Auto-correlation | 0.51 |
Modest predictability
Bitwise Ethereum ETF has modest predictability. Overlapping area represents the amount of predictability between Bitwise Ethereum time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Bitwise Ethereum ETF price movement. The serial correlation of 0.51 indicates that about 51.0% of current Bitwise Ethereum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 6.53 |
Bitwise Ethereum ETF lagged returns against current returns
Autocorrelation, which is Bitwise Ethereum 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 Bitwise Ethereum's etf expected returns. We can calculate the autocorrelation of Bitwise Ethereum returns to help us make a trade decision. For example, suppose you find that Bitwise Ethereum 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 |
Bitwise Ethereum 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 Ethereum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitwise Ethereum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitwise Ethereum etf over time.
Current vs Lagged Prices |
| Timeline |
Bitwise Ethereum Lagged Returns
When evaluating Bitwise Ethereum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitwise Ethereum etf have on its future price. Bitwise Ethereum 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 Ethereum autocorrelation shows the relationship between Bitwise Ethereum etf current value and its past values and can show if there is a momentum factor associated with investing in Bitwise Ethereum ETF.
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 Bitwise Ethereum ETF is a strong investment it is important to analyze Bitwise Ethereum'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 Bitwise Ethereum's future performance. For an informed investment choice regarding Bitwise Etf, refer to the following important reports:Check out Bitwise Ethereum Correlation, Bitwise Ethereum Volatility and Bitwise Ethereum Alpha and Beta module to complement your research on Bitwise Ethereum. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Bitwise Ethereum 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.