Grayscale Bitcoin Trust Etf Alpha and Beta Analysis
| GBTC Etf | USD 55.32 2.46 4.65% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Grayscale Bitcoin Trust. It also helps investors analyze the systematic and unsystematic risks associated with investing in Grayscale Bitcoin over a specified time horizon. Remember, high Grayscale Bitcoin's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Grayscale Bitcoin's market risk premium analysis include:
Beta 0.84 | Alpha 0.56 | Risk 3.85 | Sharpe Ratio 0.17 | Expected Return 0.66 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Grayscale |
Grayscale Bitcoin Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Grayscale Bitcoin market risk premium is the additional return an investor will receive from holding Grayscale Bitcoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Grayscale Bitcoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Grayscale Bitcoin's performance over market.| α | 0.56 | β | 0.84 |
Grayscale Bitcoin expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Grayscale Bitcoin's Buy-and-hold return. Our buy-and-hold chart shows how Grayscale Bitcoin performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Grayscale Bitcoin Market Price Analysis
Market price analysis indicators help investors to evaluate how Grayscale Bitcoin etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grayscale Bitcoin shares will generate the highest return on investment. By understating and applying Grayscale Bitcoin etf market price indicators, traders can identify Grayscale Bitcoin position entry and exit signals to maximize returns.
Grayscale Bitcoin Return and Market Media
The median price of Grayscale Bitcoin for the period between Mon, Feb 5, 2024 and Sun, May 5, 2024 is 56.98 with a coefficient of variation of 14.11. The daily time series for the period is distributed with a sample standard deviation of 7.74, arithmetic mean of 54.83, and mean deviation of 6.37. The Etf received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Grayscale files to launch low-fee GBTC spinoff to help appease investors This is a way to throw them a bone | 03/12/2024 |
2 | The Ultimate Cryptocurrency to Buy With 1,000 Right Now | 03/20/2024 |
3 | Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds | 04/05/2024 |
4 | Bitcoin ETF Fees Grayscale Hints At Future Cuts, But Theres A Catch | 04/12/2024 |
5 | Blackrock Closes in on Grayscale in the Battle for the Worlds Largest Bitcoin ETF | 04/17/2024 |
6 | First Mover Americas Bitcoin Price Bounces as Halving Nears | 04/19/2024 |
7 | Spot Bitcoin ETFs Register 35M Net Inflow On First Post-Halving Trading Day | 04/23/2024 |
8 | Bitcoin Spot ETFs Net 31.6M Inflows As Hong Kong Readies For ETF Launches | 04/24/2024 |
9 | GBTC ETF Volatility Should Persist, But Halving Highlights Bitcoins Resiliency - Seeking Alpha | 04/29/2024 |
10 | US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling 635 Million | 05/01/2024 |
11 | Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow | 05/02/2024 |
About Grayscale Bitcoin Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Grayscale or other etfs. Alpha measures the amount that position in Grayscale Bitcoin Trust has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Grayscale Bitcoin in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Grayscale Bitcoin's short interest history, or implied volatility extrapolated from Grayscale Bitcoin options trading.
Build Portfolio with Grayscale Bitcoin
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Check out Grayscale Bitcoin Backtesting, Portfolio Optimization, Grayscale Bitcoin Correlation, Grayscale Bitcoin Hype Analysis, Grayscale Bitcoin Volatility, Grayscale Bitcoin History and analyze Grayscale Bitcoin Performance. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Grayscale 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.