Guardian Ultra Short Canadian Etf Five Year Return
| GCTB Etf | 50.09 0.01 0.02% |
Guardian Ultra Short Canadian fundamentals help investors to digest information that contributes to Guardian Ultra's financial success or failures. It also enables traders to predict the movement of Guardian Etf. The fundamental analysis module provides a way to measure Guardian Ultra's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Guardian Ultra etf.
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Guardian Ultra Short Canadian ETF Five Year Return Analysis
Guardian Ultra's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
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Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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According to the company disclosure, Guardian Ultra Short Canadian has a Five Year Return of 0.0%. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at 0.0) family and about the same as Energy (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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About Guardian Ultra Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Guardian Ultra Short Canadian's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Guardian Ultra using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Guardian Ultra Short Canadian based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Guardian Ultra
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 Guardian Ultra 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 Guardian Ultra will appreciate offsetting losses from the drop in the long position's value.Moving together with Guardian Etf
Moving against Guardian Etf
| 0.95 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.91 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.9 | HIU | BetaPro SP 500 | PairCorr |
| 0.55 | HED | BetaPro SPTSX Capped | PairCorr |
The ability to find closely correlated positions to Guardian Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian Ultra 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 Guardian Ultra - 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 Guardian Ultra Short Canadian to buy it.
The correlation of Guardian Ultra 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 Guardian Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Ultra Short 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 Guardian Ultra 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 Guardian Etf
Guardian Ultra financial ratios help investors to determine whether Guardian 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 Guardian with respect to the benefits of owning Guardian Ultra security.