Betapro Canadian Gold Etf Price on October 31, 2024
| HGD Etf | CAD 26.30 0.11 0.42% |
Below is the normalized historical share price chart for BetaPro Canadian Gold extending back to June 26, 2007. 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 Canadian stands at 26.30, as last reported on the 11th of December 2024, with the highest price reaching 26.50 and the lowest price hitting 25.57 during the day.
If you're considering investing in BetaPro Etf, it is important to understand the factors that can impact its price. BetaPro Canadian Gold secures Sharpe Ratio (or Efficiency) of -0.0167, which signifies that the etf had a -0.0167% return per unit of risk over the last 3 months. BetaPro Canadian Gold exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BetaPro Canadian's Standard Deviation of 3.8, risk adjusted performance of (0.05), and Mean Deviation of 2.81 to double-check the risk estimate we provide.
BetaPro Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 54.98 | 200 Day MA 40.2875 | 1 y Volatility 53.75 | 50 Day MA 27.6908 | Inception Date 2007-06-25 |
BetaPro |
Sharpe Ratio = -0.0167
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Estimated Market Risk
| 3.6 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BetaPro Canadian is not performing at its full potential. However, 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 Canadian by adding BetaPro Canadian to a well-diversified portfolio.
Average Mkt Cap Mil CADÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
BetaPro Canadian Valuation on October 31, 2024
It is possible to determine the worth of BetaPro Canadian on a given historical date. On October 31, 2024 BetaPro was worth 24.96 at the beginning of the trading date compared to the closed value of 25.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BetaPro Canadian etf. Still, in general, we apply an absolute valuation method to find BetaPro Canadian'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 Canadian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BetaPro Canadian's related companies.
| Open | High | Low | Close | Volume | |
| 24.00 | 25.08 | 24.00 | 24.60 | 30,350 | |
10/31/2024 | 24.96 | 26.40 | 24.96 | 25.80 | 64,617 |
| 25.32 | 26.52 | 25.32 | 26.40 | 15,942 |
| Backtest BetaPro Canadian | | | BetaPro Canadian History | | | BetaPro Canadian Valuation | Previous | Next |
BetaPro Canadian Trading Date Momentum on October 31, 2024
| On November 01 2024 BetaPro Canadian Gold was traded for 26.40 at the closing time. The maximum traded price for the trading interval was 26.52 and the lowest daily price was 25.32 . The daily volume was recorded at 15.9 K. The volume of trading on 1st 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 2.33% . The overall trading delta to the closing price today is 13.49% . |
BetaPro Canadian Gold Fundamentals Correlations and Trends
By evaluating BetaPro Canadian'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 Canadian'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 Canadian Etf history
BetaPro Canadian 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 Canadian Gold 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 Canadian stock prices may prove useful in developing a viable investing in BetaPro Canadian
HGD 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 Canadian Gold Miners Index. BETAPRO CDN is traded on Toronto Stock Exchange in Canada.
BetaPro Canadian Etf Technical Analysis
BetaPro Canadian 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 Canadian Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
BetaPro Canadian Gold 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 Canadian December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how BetaPro Canadian 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 Canadian shares will generate the highest return on investment. By undertsting and applying BetaPro Canadian etf market strength indicators, traders can identify BetaPro Canadian Gold entry and exit signals to maximize returns
BetaPro Canadian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BetaPro Canadian'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 | (0.05) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 0.7356 |
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Other Information on Investing in BetaPro Etf
BetaPro Canadian 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 Canadian security.