Btc Etf Technical Analysis
| BTC Etf | USD 92.32 0.08 0.09% |
As of the 23rd of April, BTC owns the market risk adjusted performance of 0.4624, and Variance of 0.0908. BTC technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the entity's future prices. Strictly speaking, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for BTC, which can be compared to its peers in the sector. Please confirm BTC information ratio, and the relationship between the coefficient of variation and value at risk to decide if BTC is priced more or less accurately, providing market reflects its prevailing price of 92.32 per share.
BTC Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BTC, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BTCBTC |
BTC 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.
BTC Technical Analysis
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BTC Trend Analysis
Use this graph to draw trend lines for BTC. You can use it to identify possible trend reversals for BTC as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual BTC price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BTC Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BTC applied against its price change over selected period. The best fit line has a slop of 0.03 , which may imply that the returns on investment in BTC will continue to fail. It has 112 observation points and a regression sum of squares at 19.38, which is the sum of squared deviations for the predicted BTC price change compared to its average price change.About BTC Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of BTC on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of BTC based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on BTC price pattern first instead of the macroeconomic environment surrounding BTC. By analyzing BTC's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BTC's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to BTC specific price patterns or momentum indicators. Please read more on our technical analysis page.
BTC April 23, 2024 Technical Indicators
Most technical analysis of BTC help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for BTC from various momentum indicators to cycle indicators. When you analyze BTC charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | 0.4624 | |||
| Mean Deviation | 0.2385 | |||
| Coefficient Of Variation | (889.40) | |||
| Standard Deviation | 0.3014 | |||
| Variance | 0.0908 | |||
| Information Ratio | (0.40) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4524 | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4175 | |||
| Skewness | (0.26) | |||
| Kurtosis | 1.05 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
The market value of BTC is measured differently than its book value, which is the value of BTC that is recorded on the company's balance sheet. Investors also form their own opinion of BTC's value that differs from its market value or its book value, called intrinsic value, which is BTC'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 BTC's market value can be influenced by many factors that don't directly affect BTC'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 BTC's value and its price as these two are different measures arrived at by different means. Investors typically determine if BTC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BTC'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.