Brompton Global Dividend Etf Market Value
| BDIV Etf | CAD 21.28 0.05 0.24% |
| Symbol | Brompton |
Brompton Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Brompton Global's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Brompton Global.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Brompton Global on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Brompton Global Dividend or generate 0.0% return on investment in Brompton Global over 90 days. Brompton Global is related to or competes with Global Healthcare, Tech Leaders, Brompton North, and Harvest Brand. The investment objectives of Brompton Global Dividend Growth ETF are to provide Unitholders with stable monthly cash dis... More
Brompton Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Brompton Global's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Brompton Global Dividend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 5.74 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.02 |
Brompton Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brompton Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brompton Global's standard deviation. In reality, there are many statistical measures that can use Brompton Global historical prices to predict the future Brompton Global's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0501 | |||
| Treynor Ratio | (2.73) |
Brompton Global Dividend Backtested Returns
Brompton Global Dividend secures Sharpe Ratio (or Efficiency) of -0.0326, which signifies that the etf had a -0.0326 % return per unit of risk over the last 3 months. Brompton Global Dividend exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brompton Global's Standard Deviation of 0.961, risk adjusted performance of (0.05), and Mean Deviation of 0.6639 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0257, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brompton Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brompton Global is expected to be smaller as well.
Auto-correlation | -0.81 |
Excellent reverse predictability
Brompton Global Dividend has excellent reverse predictability. Overlapping area represents the amount of predictability between Brompton Global time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brompton Global Dividend price movement. The serial correlation of -0.81 indicates that around 81.0% of current Brompton Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Brompton Global Dividend lagged returns against current returns
Autocorrelation, which is Brompton Global etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Brompton Global's etf expected returns. We can calculate the autocorrelation of Brompton Global returns to help us make a trade decision. For example, suppose you find that Brompton Global has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Brompton Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Brompton Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brompton Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brompton Global etf over time.
Current vs Lagged Prices |
| Timeline |
Brompton Global Lagged Returns
When evaluating Brompton Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brompton Global etf have on its future price. Brompton Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Brompton Global autocorrelation shows the relationship between Brompton Global etf current value and its past values and can show if there is a momentum factor associated with investing in Brompton Global Dividend.
Regressed Prices |
| Timeline |
Pair Trading with Brompton Global
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 Brompton Global 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 Brompton Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Etf
| 0.85 | HAZ | Global X Active | PairCorr |
| 0.75 | CYH | iShares Global Monthly | PairCorr |
| 0.77 | XDGH | iShares Core MSCI | PairCorr |
The ability to find closely correlated positions to Brompton Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Global 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 Brompton Global - 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 Brompton Global Dividend to buy it.
The correlation of Brompton Global 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 Brompton Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Global Dividend 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 Brompton Global 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 Brompton Etf
Brompton Global financial ratios help investors to determine whether Brompton 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 Brompton with respect to the benefits of owning Brompton Global security.