Bfit Etf Volatility

BFIT Etf  USD 21.39  0.00  0.00%   
BFIT secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the etf had a -0.2% return per unit of return volatility over the last 3 months. BFIT exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BFIT's Coefficient Of Variation of (4,318), risk adjusted performance of (0.01), and Mean Deviation of 0.5804 to double-check the risk estimate we provide. Key indicators related to BFIT's volatility include:
660 Days Market Risk
Chance Of Distress
660 Days Economic Sensitivity
BFIT Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of BFIT daily returns, and it is calculated using variance and standard deviation. We also use BFIT's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of BFIT volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as BFIT can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of BFIT at lower prices. For example, an investor can purchase BFIT stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of BFIT's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving against BFIT Etf

  0.87TMAT Main Thematic InnovationPairCorr
  0.81VB Vanguard Small-Cap IndexPairCorr
  0.78PSP Invesco Global ListedPairCorr
  0.78VO Vanguard Mid-Cap IndexPairCorr
  0.77VEA Vanguard FTSE DevelopedPairCorr
  0.77IQDG WisdomTree InternationalPairCorr
  0.71IVEG IShares Emergent FoodPairCorr
  0.7VTV Vanguard Value IndexPairCorr
  0.68VTI Vanguard Total StockPairCorr

BFIT Market Sensitivity And Downside Risk

BFIT's beta coefficient measures the volatility of BFIT etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents BFIT etf's returns against your selected market. In other words, BFIT's beta of -0.0768 provides an investor with an approximation of how much risk BFIT etf can potentially add to one of your existing portfolios. BFIT exhibits very low volatility with skewness of -0.33 and kurtosis of 0.42. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure BFIT's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact BFIT's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze BFIT Demand Trend
Check current 90 days BFIT correlation with market (NYSE Composite)

BFIT Beta

    
  -0.0768  
BFIT standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.71  
It is essential to understand the difference between upside risk (as represented by BFIT's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of BFIT's daily returns or price. Since the actual investment returns on holding a position in bfit etf tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in BFIT.

Using BFIT Put Option to Manage Risk

Put options written on BFIT grant holders of the option the right to sell a specified amount of BFIT at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of BFIT Etf cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge BFIT's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding BFIT will be realized, the loss incurred will be offset by the profits made with the option trade.

BFIT's PUT expiring on 2024-04-19

   Profit   
       BFIT Price At Expiration  

BFIT Etf Volatility Analysis

Volatility refers to the frequency at which BFIT etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with BFIT's price changes. Investors will then calculate the volatility of BFIT's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of BFIT's volatility:

Historical Volatility

This type of etf volatility measures BFIT's fluctuations based on previous trends. It's commonly used to predict BFIT's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for BFIT's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on BFIT's to be redeemed at a future date.
Transformation
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BFIT Projected Return Density Against Market

Given the investment horizon of 90 days BFIT has a beta of -0.0768 suggesting as returns on benchmark increase, returns on holding BFIT are expected to decrease at a much lower rate. During the bear market, however, BFIT is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to BFIT or Global X Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that BFIT's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a BFIT etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
BFIT has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Predicted Return Density   
       Returns  
BFIT's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how bfit etf's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a BFIT Price Volatility?

Several factors can influence a etf's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

BFIT Etf Risk Measures

Given the investment horizon of 90 days the coefficient of variation of BFIT is -488.33. The daily returns are distributed with a variance of 0.51 and standard deviation of 0.71. The mean deviation of BFIT is currently at 0.5. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
-0.02
β
Beta against NYSE Composite-0.08
σ
Overall volatility
0.71
Ir
Information ratio -0.19

BFIT Etf Return Volatility

BFIT historical daily return volatility represents how much of BFIT etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The exchange-traded fund inherits 0.7136% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.5731% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About BFIT Volatility

Volatility is a rate at which the price of BFIT or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of BFIT may increase or decrease. In other words, similar to BFIT's beta indicator, it measures the risk of BFIT and helps estimate the fluctuations that may happen in a short period of time. So if prices of BFIT fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The fund invests more than 80 percent of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. Gx Health is traded on NASDAQ Exchange in the United States.
BFIT's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on BFIT Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much BFIT's price varies over time.

3 ways to utilize BFIT's volatility to invest better

Higher BFIT's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of BFIT etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. BFIT etf volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of BFIT investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in BFIT's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of BFIT's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

BFIT Investment Opportunity

BFIT has a volatility of 0.71 and is 1.25 times more volatile than NYSE Composite. 6 percent of all equities and portfolios are less risky than BFIT. You can use BFIT to protect your portfolios against small market fluctuations. The etf experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of BFIT to be traded at $21.18 in 90 days.

Good diversification

The correlation between BFIT and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BFIT and NYA in the same portfolio, assuming nothing else is changed.

BFIT Additional Risk Indicators

The analysis of BFIT's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in BFIT's investment and either accepting that risk or mitigating it. Along with some common measures of BFIT etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

BFIT Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against BFIT as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. BFIT's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, BFIT's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to BFIT.
When determining whether BFIT is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BFIT Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bfit Etf. Highlighted below are key reports to facilitate an investment decision about Bfit Etf:
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 gross domestic product.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running BFIT's price analysis, check to measure BFIT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BFIT is operating at the current time. Most of BFIT's value examination focuses on studying past and present price action to predict the probability of BFIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BFIT's price. Additionally, you may evaluate how the addition of BFIT to your portfolios can decrease your overall portfolio volatility.
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The market value of BFIT is measured differently than its book value, which is the value of BFIT that is recorded on the company's balance sheet. Investors also form their own opinion of BFIT's value that differs from its market value or its book value, called intrinsic value, which is BFIT'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 BFIT's market value can be influenced by many factors that don't directly affect BFIT'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 BFIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if BFIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BFIT'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.