Ninepoint Bitcoin Etf Performance
| BITC-U Etf | USD 17.17 0.35 2.00% |
The etf secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ninepoint Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ninepoint Bitcoin is expected to be smaller as well.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Ninepoint Bitcoin ETF are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, Ninepoint Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Bitwise Files for Another Bitcoin ETF Product Details - U.Today | 10/04/2024 |
Ninepoint |
Ninepoint Bitcoin Relative Risk vs. Return Landscape
If you would invest 1,253 in Ninepoint Bitcoin ETF on September 3, 2024 and sell it today you would earn a total of 464.00 from holding Ninepoint Bitcoin ETF or generate 37.03% return on investment over 90 days. Ninepoint Bitcoin ETF is generating 0.5173% of daily returns and assumes 1.8422% volatility on return distribution over the 90 days horizon. Simply put, 16% of etfs are less volatile than Ninepoint, and 90% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Ninepoint Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ninepoint Bitcoin ETF, and traders can use it to determine the average amount a Ninepoint Bitcoin'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 = 0.2808
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.84 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Ninepoint Bitcoin is performing at about 22% 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 Ninepoint Bitcoin by adding it to a well-diversified portfolio.
About Ninepoint Bitcoin Performance
By analyzing Ninepoint Bitcoin's fundamental ratios, stakeholders can gain valuable insights into Ninepoint Bitcoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ninepoint Bitcoin 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 Ninepoint Bitcoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ninepoint Bitcoin is entity of Canada. It is traded as Etf on TO exchange.