BetaPro SPTSX Financials
| HED Etf | CAD 23.19 0.18 0.77% |
3 y Sharp Ratio (1.08) |
BetaPro |
The data published in BetaPro SPTSX's official financial statements typically reflect BetaPro SPTSX's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving BetaPro SPTSX's quantitative information. For example, before you start analyzing numbers published by BetaPro accountants, it's essential to understand BetaPro SPTSX's liquidity, profitability, and earnings quality within the context of the Horizons ETFs Management (Canada) Inc space in which it operates.
BetaPro SPTSX Etf Summary
BetaPro SPTSX competes with BetaPro SP, BetaPro SP, BetaPro SPTSX, BetaPro SPTSX, and BetaPro Gold. The investment seeks to replicate, before fees and expenses, twice the inverse of the daily performance of the SPTSX Capped Energy Index. BETAPRO SP is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA08661A1003 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Horizons ETFs Management (Canada) Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | 866 641 5739 |
| Currency | CAD - Canadian Dollar |
BetaPro Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro SPTSX's current stock value. Our valuation model uses many indicators to compare BetaPro SPTSX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BetaPro SPTSX competition to find correlations between indicators driving BetaPro SPTSX's intrinsic value. More Info.BetaPro SPTSX Capped is one of the top ETFs in price to earning as compared to similar ETFs. It is rated # 2 ETF in price to book as compared to similar ETFs fabricating about 0.02 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for BetaPro SPTSX Capped is roughly 64.51 . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro SPTSX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro SPTSX's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.BetaPro SPTSX Capped Systematic Risk
BetaPro SPTSX's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. BetaPro SPTSX 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on BetaPro SPTSX Capped correlated with the market. If Beta is less than 0 BetaPro SPTSX generally moves in the opposite direction as compared to the market. If BetaPro SPTSX Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one BetaPro SPTSX Capped is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of BetaPro SPTSX is generally in the same direction as the market. If Beta > 1 BetaPro SPTSX moves generally in the same direction as, but more than the movement of the benchmark.
BetaPro SPTSX November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of BetaPro SPTSX help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of BetaPro SPTSX Capped. We use our internally-developed statistical techniques to arrive at the intrinsic value of BetaPro SPTSX Capped based on widely used predictive technical indicators. In general, we focus on analyzing BetaPro Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build BetaPro SPTSX's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.77 | |||
| Information Ratio | 0.122 | |||
| Maximum Drawdown | 13.53 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 5.28 |
Other Information on Investing in BetaPro Etf
BetaPro SPTSX financial ratios help investors to determine whether BetaPro 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 BetaPro with respect to the benefits of owning BetaPro SPTSX security.