BetaPro Natural Financials
| HND Etf | CAD 21.34 1.84 9.44% |
3 y Sharp Ratio 0.52 |
BetaPro |
The data published in BetaPro Natural's official financial statements typically reflect BetaPro Natural'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 Natural's quantitative information. For example, before you start analyzing numbers published by BetaPro accountants, it's essential to understand BetaPro Natural's liquidity, profitability, and earnings quality within the context of the Horizons ETFs Management (Canada) Inc space in which it operates.
BetaPro Natural Etf Summary
BetaPro Natural competes with BetaPro Natural, BetaPro Crude, BetaPro Canadian, BetaPro Crude, and BetaPro Canadian. The investment seeks to replicate two times the inverse of the daily performance, net of expenses, of the NYMEX natural gas futures contract for the next delivery month. BETAPRO NAT is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA08662P1062 |
| Region | Others |
| Investment Issuer | Others |
| Business Address | Wellington St East, |
| Etf Family | Horizons ETFs Management (Canada) Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Website | www.horizonsetfs.com/etf/hnd |
| Phone | NA |
| Currency | CAD - Canadian Dollar |
BetaPro Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro Natural's current stock value. Our valuation model uses many indicators to compare BetaPro Natural value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BetaPro Natural competition to find correlations between indicators driving BetaPro Natural's intrinsic value. More Info.BetaPro Natural Gas is rated # 3 ETF in price to earning as compared to similar ETFs. It is rated below average in one year return as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro Natural by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro Natural'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 Natural Gas Systematic Risk
BetaPro Natural's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. BetaPro Natural 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 fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on BetaPro Natural Gas correlated with the market. If Beta is less than 0 BetaPro Natural generally moves in the opposite direction as compared to the market. If BetaPro Natural Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one BetaPro Natural Gas is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of BetaPro Natural is generally in the same direction as the market. If Beta > 1 BetaPro Natural moves generally in the same direction as, but more than the movement of the benchmark.
BetaPro Natural December 3, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of BetaPro Natural help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of BetaPro Natural Gas. We use our internally-developed statistical techniques to arrive at the intrinsic value of BetaPro Natural Gas 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 Natural's daily price indicators and compare them against related drivers.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 93.62 | |||
| Value At Risk | (11.67) | |||
| Potential Upside | 11.1 |
Other Information on Investing in BetaPro Etf
BetaPro Natural 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 Natural security.