Betapro Gold Bullion Etf Price on November 8, 2024
| HBD Etf | CAD 26.08 0.02 0.08% |
Below is the normalized historical share price chart for BetaPro Gold Bullion extending back to January 23, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of BetaPro Gold stands at 26.08, as last reported on the 2nd of December, with the highest price reaching 26.08 and the lowest price hitting 25.99 during the day.
If you're considering investing in BetaPro Etf, it is important to understand the factors that can impact its price. BetaPro Gold is risky given 3 months investment horizon. BetaPro Gold Bullion secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the etf had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 4.5% are justified by taking the suggested risk. Use BetaPro Gold Mean Deviation of 9.0, coefficient of variation of 835.5, and Risk Adjusted Performance of 0.1013 to evaluate company specific risk that cannot be diversified away.
BetaPro Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 25.99 | 200 Day MA 7.9201 | 1 y Volatility 19.67 | 50 Day MA 7.2028 | Inception Date 2008-01-22 |
BetaPro |
Sharpe Ratio = 0.1209
| Best Portfolio | Best Equity | HBD | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 37.23 actual daily | 96 96% of assets are less volatile |
Expected Return
| 4.5 actual daily | 89 89% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average BetaPro Gold is performing at about 9% 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 BetaPro Gold by adding it to a well-diversified portfolio.
Average Mkt Cap Mil CADÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
BetaPro Gold Valuation on November 8, 2024
It is possible to determine the worth of BetaPro Gold on a given historical date. On November 8, 2024 BetaPro was worth 6.28 at the beginning of the trading date compared to the closed value of 6.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BetaPro Gold etf. Still, in general, we apply an absolute valuation method to find BetaPro Gold'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 BetaPro Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BetaPro Gold's related companies.
| Open | High | Low | Close | Volume | |
| 6.32 | 6.32 | 6.25 | 6.25 | 7,450 | |
11/08/2024 | 6.28 | 6.32 | 6.28 | 6.32 | 300.00 |
| 6.61 | 6.69 | 6.61 | 6.64 | 4,947 |
| Backtest BetaPro Gold | | | BetaPro Gold History | | | BetaPro Gold Valuation | Previous | Next |
BetaPro Gold Trading Date Momentum on November 8, 2024
| On November 11 2024 BetaPro Gold Bullion was traded for 6.64 at the closing time. The maximum traded price for the trading interval was 6.69 and the lowest daily price was 6.61 . The daily volume was recorded at 4.9 K. The volume of trading on 11th of November 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 5.06% . The overall trading delta to the closing price today is 6.80% . |
BetaPro Gold Bullion Fundamentals Correlations and Trends
By evaluating BetaPro Gold'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 BetaPro Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BetaPro financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BetaPro Gold Etf history
BetaPro Gold 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 BetaPro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BetaPro Gold Bullion 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 BetaPro Gold stock prices may prove useful in developing a viable investing in BetaPro Gold
HBD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times the inverse of the daily performance of the Solactive Gold Front Month MD Rolling Futures Index ER. BETAPRO GOLD is traded on Toronto Stock Exchange in Canada.
BetaPro Gold Etf Technical Analysis
BetaPro Gold 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
BetaPro Gold Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
BetaPro Gold Bullion cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
BetaPro Gold December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how BetaPro Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BetaPro Gold shares will generate the highest return on investment. By undertsting and applying BetaPro Gold etf market strength indicators, traders can identify BetaPro Gold Bullion entry and exit signals to maximize returns
BetaPro Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BetaPro Gold's price direction in advance. Along with the technical and fundamental analysis of BetaPro Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of BetaPro 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 | 0.1013 | |||
| Jensen Alpha | 4.85 | |||
| Total Risk Alpha | (1.74) | |||
| Sortino Ratio | 2.36 | |||
| Treynor Ratio | (1.18) |
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Other Information on Investing in BetaPro Etf
BetaPro Gold 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 Gold security.