RBC Quant Financial Statements From 2010 to 2024
| RPDH Etf | CAD 25.99 0.03 0.12% |
Check RBC Quant financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among RBC Quant's main balance sheet or income statement drivers, such as , as well as many indicators such as . RBC financial statements analysis is a perfect complement when working with RBC Quant Valuation or Volatility modules.
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RBC Quant European ETF Beta Analysis
RBC Quant's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current RBC Quant Beta | 0.78 |
Most of RBC Quant's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, RBC Quant European is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, RBC Quant European has a Beta of 0.78. This is much higher than that of the RBC Global Asset Management Inc. family and significantly higher than that of the European Equity category. The beta for all Canada etfs is notably lower than that of the firm.
About RBC Quant Financial Statements
RBC Quant investors utilize fundamental indicators, such as revenue or net income, to predict how RBC Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund seeks to provide unitholders with exposure to the performance of a diversified portfolio of high-quality European dividend-paying equity securities that will provide regular income and that have the potential for long-term capital growth. RBC QUANT is traded on Toronto Stock Exchange in Canada.
Pair Trading with RBC Quant
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RBC Quant position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RBC Quant will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Etf
| 0.79 | ZWP | BMO Europe High | PairCorr |
| 0.77 | ZWE | BMO Europe High | PairCorr |
| 0.86 | XEU | iShares MSCI Europe | PairCorr |
| 0.88 | ZEQ | BMO MSCI Europe | PairCorr |
| 0.85 | VE | Vanguard FTSE Developed | PairCorr |
Moving against RBC Etf
| 0.73 | HBLK | Blockchain Technologies | PairCorr |
| 0.65 | HBGD | Global X Big | PairCorr |
| 0.5 | RBOT | Global X Robotics | PairCorr |
| 0.47 | FHE | First Trust Indxx | PairCorr |
The ability to find closely correlated positions to RBC Quant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Quant when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RBC Quant - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RBC Quant European to buy it.
The correlation of RBC Quant is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RBC Quant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Quant European moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RBC Quant can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RBC Etf
RBC Quant financial ratios help investors to determine whether RBC Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RBC with respect to the benefits of owning RBC Quant security.