BetaShares Australian (Australia) Market Value
| BEAR Etf | 7.54 0.06 0.80% |
| Symbol | BetaShares |
BetaShares Australian '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 BetaShares Australian'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 BetaShares Australian.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in BetaShares Australian on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding BetaShares Australian EquitiesBear or generate 0.0% return on investment in BetaShares Australian over 720 days. BetaShares Australian is related to or competes with SPDR SP, IShares Core, Vanguard Total, IShares Core, VanEck Vectors, VanEck Morningstar, and IShares Global. BetaShares Australian is entity of Australia More
BetaShares Australian 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 BetaShares Australian'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 BetaShares Australian EquitiesBear upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.19 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.9284 |
BetaShares Australian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Australian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Australian's standard deviation. In reality, there are many statistical measures that can use BetaShares Australian historical prices to predict the future BetaShares Australian's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.2361 |
BetaShares Australian Backtested Returns
BetaShares Australian secures Sharpe Ratio (or Efficiency) of -0.0716, which signifies that the etf had a -0.0716% return per unit of risk over the last 3 months. BetaShares Australian EquitiesBear exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BetaShares Australian's Standard Deviation of 0.691, risk adjusted performance of (0.06), and Mean Deviation of 0.544 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BetaShares Australian are expected to decrease at a much lower rate. During the bear market, BetaShares Australian is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
BetaShares Australian EquitiesBear has good reverse predictability. Overlapping area represents the amount of predictability between BetaShares Australian time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BetaShares Australian price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current BetaShares Australian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
BetaShares Australian lagged returns against current returns
Autocorrelation, which is BetaShares Australian 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 BetaShares Australian's etf expected returns. We can calculate the autocorrelation of BetaShares Australian returns to help us make a trade decision. For example, suppose you find that BetaShares Australian 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 |
BetaShares Australian 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 BetaShares Australian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Australian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Australian etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Australian Lagged Returns
When evaluating BetaShares Australian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Australian etf have on its future price. BetaShares Australian 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, BetaShares Australian autocorrelation shows the relationship between BetaShares Australian etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Australian EquitiesBear.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Australian financial ratios help investors to determine whether BetaShares 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 BetaShares with respect to the benefits of owning BetaShares Australian security.