Valkyrie Bitcoin Miners Etf Price on April 12, 2024
| WGMI Etf | USD 18.62 0.19 1.03% |
If you're considering investing in Valkyrie Etf, it is important to understand the factors that can impact its price. As of today, the current price of Valkyrie Bitcoin stands at 18.62, as last reported on the 16th of June 2024, with the highest price reaching 18.62 and the lowest price hitting 17.62 during the day. Valkyrie Bitcoin appears to be somewhat reliable, given 3 months investment horizon. Valkyrie Bitcoin Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the etf had a 0.1% return per unit of risk over the last 3 months. By inspecting Valkyrie Bitcoin's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Valkyrie Bitcoin's Risk Adjusted Performance of 0.0456, coefficient of variation of 1889.2, and Semi Deviation of 5.53 to confirm if our risk estimates are consistent with your expectations.
Valkyrie Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Valkyrie |
Sharpe Ratio = 0.1
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.63 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Valkyrie Bitcoin is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Valkyrie Bitcoin by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 1.6 K |
Valkyrie Bitcoin Main Headline on 12th of April 2024
5 ETF Areas Up At Least 35 percent This Year - Yahoo Movies ... by news.google.com
5 ETF Areas Up At Least 35 percent This Year Yahoo Movies UK
Valkyrie Bitcoin Valuation on April 12, 2024
It is possible to determine the worth of Valkyrie Bitcoin on a given historical date. On April 12, 2024 Valkyrie was worth 14.77 at the beginning of the trading date compared to the closed value of 14.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Valkyrie Bitcoin etf. Still, in general, we apply an absolute valuation method to find Valkyrie Bitcoin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Valkyrie Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Valkyrie Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 14.98 | 15.04 | 14.41 | 15.03 | 214,300 | |
04/12/2024 | 14.77 | 14.91 | 13.91 | 14.05 | 370,300 |
| 13.25 | 13.35 | 12.76 | 13.14 | 223,500 |
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Valkyrie Bitcoin Trading Date Momentum on April 12, 2024
| On April 16 2024 Valkyrie Bitcoin Miners was traded for 13.14 at the closing time. The top price for the day was 13.35 and the lowest listed price was 12.76 . The trading volume for the day was 223.5 K. The trading history from April 16, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 6.48% . The trading price change against the current closing price is 14.95% . |
Valkyrie Bitcoin Miners Fundamentals Correlations and Trends
By evaluating Valkyrie Bitcoin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Valkyrie Bitcoin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Valkyrie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Valkyrie Bitcoin Etf history
Valkyrie Bitcoin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Valkyrie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Valkyrie Bitcoin Miners will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Valkyrie Bitcoin stock prices may prove useful in developing a viable investing in Valkyrie Bitcoin
The fund is an actively-managed exchange-traded fund that will invest at least 80 percent of its net assets in securities of companies that derive at least 50 percent of their revenue or profits from bitcoin mining operations andor from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Valkyrie Bitcoin is traded on NASDAQ Exchange in the United States.
Valkyrie Bitcoin Etf Technical Analysis
Valkyrie 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.
Price Boundaries
Valkyrie Bitcoin Period Price Range
Low | April 12, 2024
| High |
14.77 | 14.05 |
Valkyrie Bitcoin June 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Valkyrie 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 Valkyrie Bitcoin shares will generate the highest return on investment. By undertsting and applying Valkyrie Bitcoin etf market strength indicators, traders can identify Valkyrie Bitcoin Miners entry and exit signals to maximize returns
| Accumulation Distribution | 24835.68 | |||
| Daily Balance Of Power | (0.72) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 14.41 | |||
| Day Typical Price | 14.29 | |||
| Price Action Indicator | (0.72) | |||
| Period Momentum Indicator | 4.57 | |||
| Relative Strength Index | 51.94 |
Valkyrie Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Valkyrie Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Valkyrie Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Valkyrie to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.2924 | |||
| Total Risk Alpha | 0.0542 | |||
| Sortino Ratio | 0.0525 | |||
| Treynor Ratio | 0.2574 |
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Additional Information and Resources on Investing in Valkyrie Etf
When determining whether Valkyrie Bitcoin Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Valkyrie Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Valkyrie Bitcoin Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Valkyrie Bitcoin Miners Etf:Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of Valkyrie Bitcoin Miners is measured differently than its book value, which is the value of Valkyrie that is recorded on the company's balance sheet. Investors also form their own opinion of Valkyrie Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Valkyrie 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 Valkyrie Bitcoin's market value can be influenced by many factors that don't directly affect Valkyrie 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 Valkyrie Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valkyrie Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valkyrie 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.