Bitcoin Financials
| BTC Crypto | USD 63,777 859.14 1.37% |
Bitcoin |
Please note, the presentation of Bitcoin's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bitcoin's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Bitcoin's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bitcoin. Please utilize our Beneish M Score to check the likelihood of Bitcoin's management manipulating its earnings.
Bitcoin Crypto Summary
Bitcoin competes with Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, and Arweave. Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | NYSE Composite |
| Currency | USD - US Dollar |
Bitcoin Systematic Risk
Bitcoin's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bitcoin volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Bitcoin correlated with the market. If Beta is less than 0 Bitcoin generally moves in the opposite direction as compared to the market. If Bitcoin Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bitcoin is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bitcoin is generally in the same direction as the market. If Beta > 1 Bitcoin moves generally in the same direction as, but more than the movement of the benchmark.
Bitcoin Thematic Clasifications
Bitcoin is part of USD Crypto Fund investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Cryptocurrency traded in US dollars. Fund from digital currency traded on multiple global exchanges in US dollors.
This theme covers Cryptocurrency traded in US dollars. Fund from digital currency traded on multiple global exchanges in US dollors. . Get More Thematic Ideas
| USD Crypto Fund | View |
Bitcoin May 5, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Bitcoin help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bitcoin. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bitcoin based on widely used predictive technical indicators. In general, we focus on analyzing Bitcoin Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bitcoin's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.1635 | |||
| Maximum Drawdown | 16.75 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 9.35 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitcoin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Bitcoin information on this page should be used as a complementary analysis to other Bitcoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.