Grayscale Bitcoin Financials
| GBTC Etf | USD 54.31 1.57 2.81% |
Net Expense Ratio 0.015 |
Grayscale |
The data published in Grayscale Bitcoin's official financial statements usually reflect Grayscale Bitcoin's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Grayscale Bitcoin Trust. For example, before you start analyzing numbers published by Grayscale accountants, it's critical to develop an understanding of what Grayscale Bitcoin's liquidity, profitability, and earnings quality are in the context of the Financial space in which it operates.
Please note, the presentation of Grayscale 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, Grayscale Bitcoin's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Grayscale Bitcoin's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Grayscale Bitcoin Trust. Please utilize our Beneish M Score to check the likelihood of Grayscale Bitcoin's management manipulating its earnings.
Grayscale Bitcoin Etf Summary
Grayscale Bitcoin competes with Riot Blockchain, Marathon Digital, Coinbase Global, and MicroStrategy Incorporated. Grayscale Bitcoin Trust is an exchange traded fund launched and managed by Grayscale Investments, LLC. Grayscale Bitcoin Trust was formed on September 25, 2013 and is domiciled in United States. Bitcoin Invt is traded on OTC Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US3896371099 |
| CUSIP | 389637109 09173T108 |
| Region | Global |
| Investment Issuer | Grayscale Advisors |
| Location | New York; U.S.A |
| Business Address | 636 Avenue |
| Etf Family | Financial |
| Fund Category | Alternative Currency |
| Portfolio Concentration | Cryptocurrency |
| Benchmark | NYSE Composite |
| Website | grayscale.co/bitcoin-investment-trust/#ove |
| Phone | 2128251768 |
| Currency | USD - US Dollar |
You should never invest in Grayscale Bitcoin without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Grayscale Etf, because this is throwing your money away. Analyzing the key information contained in Grayscale Bitcoin's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Grayscale Bitcoin Key Financial Ratios
Generally speaking, Grayscale Bitcoin's financial ratios allow both analysts and investors to convert raw data from Grayscale Bitcoin's financial statements into concise, actionable information that can be used to evaluate the performance of Grayscale Bitcoin over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Grayscale Bitcoin Trust reports annually and quarterly.Grayscale Bitcoin Trust Systematic Risk
Grayscale Bitcoin's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Grayscale 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 output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Grayscale Bitcoin Trust correlated with the market. If Beta is less than 0 Grayscale Bitcoin generally moves in the opposite direction as compared to the market. If Grayscale Bitcoin Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Grayscale Bitcoin Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Grayscale Bitcoin is generally in the same direction as the market. If Beta > 1 Grayscale Bitcoin moves generally in the same direction as, but more than the movement of the benchmark.
About Grayscale Bitcoin Financials
What exactly are Grayscale Bitcoin Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Grayscale Bitcoin's income statement, its balance sheet, and the statement of cash flows. Potential Grayscale Bitcoin investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Grayscale Bitcoin investors may use each financial statement separately, they are all related. The changes in Grayscale Bitcoin's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Grayscale Bitcoin's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze Grayscale Bitcoin Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Grayscale Bitcoin is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Grayscale has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Grayscale Bitcoin's financials are consistent with your investment objective using the following steps:- Review Grayscale Bitcoin's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Grayscale Bitcoin's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Grayscale Bitcoin's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Grayscale Bitcoin's stock is overvalued or undervalued.
Grayscale Bitcoin Thematic Clasifications
Grayscale Bitcoin Trust is part of several thematic ideas from Alternative Currency ETFs to Cryptocurrency ETFs. 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. Get More Thematic IdeasGrayscale Bitcoin April 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Grayscale Bitcoin help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Grayscale Bitcoin Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Grayscale Bitcoin Trust based on widely used predictive technical indicators. In general, we focus on analyzing Grayscale Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Grayscale Bitcoin's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.28 | |||
| Information Ratio | 0.1455 | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 6.67 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grayscale Bitcoin Trust. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of Grayscale Bitcoin Trust is measured differently than its book value, which is the value of Grayscale that is recorded on the company's balance sheet. Investors also form their own opinion of Grayscale Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Grayscale 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 Grayscale Bitcoin's market value can be influenced by many factors that don't directly affect Grayscale 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 Grayscale Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grayscale Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grayscale 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.