Ishares Bitcoin Trust Etf Market Value
| IBIT Etf | USD 55.03 3.33 6.44% |
| Symbol | IShares |
The market value of iShares Bitcoin Trust is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is IShares Bitcoin'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 IShares Bitcoin's market value can be influenced by many factors that don't directly affect IShares Bitcoin'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 IShares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Bitcoin'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.
IShares Bitcoin '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 IShares Bitcoin'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 IShares Bitcoin.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in IShares Bitcoin on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Bitcoin Trust or generate 0.0% return on investment in IShares Bitcoin over 30 days. IShares Bitcoin is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and Franklin Bitcoin. IShares Bitcoin is entity of United States More
IShares Bitcoin 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 IShares Bitcoin'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 iShares Bitcoin Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.1754 | |||
| Maximum Drawdown | 17.83 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 6.44 |
IShares Bitcoin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Bitcoin's standard deviation. In reality, there are many statistical measures that can use IShares Bitcoin historical prices to predict the future IShares Bitcoin's volatility.| Risk Adjusted Performance | 0.1701 | |||
| Jensen Alpha | 0.4836 | |||
| Total Risk Alpha | 0.2006 | |||
| Sortino Ratio | 0.2289 | |||
| Treynor Ratio | 0.3533 |
iShares Bitcoin Trust Backtested Returns
IShares Bitcoin appears to be very steady, given 3 months investment horizon. iShares Bitcoin Trust holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. By evaluating IShares Bitcoin's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please utilize IShares Bitcoin's Risk Adjusted Performance of 0.1701, downside deviation of 2.63, and Market Risk Adjusted Performance of 0.3633 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 2.03, which attests to 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, IShares Bitcoin will likely underperform.
Auto-correlation | 0.39 |
Below average predictability
iShares Bitcoin Trust has below average predictability. Overlapping area represents the amount of predictability between IShares Bitcoin time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 iShares Bitcoin Trust price movement. The serial correlation of 0.39 indicates that just about 39.0% of current IShares Bitcoin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 3.93 |
iShares Bitcoin Trust lagged returns against current returns
Autocorrelation, which is IShares Bitcoin 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 IShares Bitcoin's etf expected returns. We can calculate the autocorrelation of IShares Bitcoin returns to help us make a trade decision. For example, suppose you find that IShares Bitcoin 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 |
IShares Bitcoin 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 IShares Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Bitcoin etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Bitcoin Lagged Returns
When evaluating IShares Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Bitcoin etf have on its future price. IShares Bitcoin 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, IShares Bitcoin autocorrelation shows the relationship between IShares Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Bitcoin Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out IShares Bitcoin Correlation, IShares Bitcoin Volatility and IShares Bitcoin Alpha and Beta module to complement your research on IShares Bitcoin. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
IShares 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.