Brompton Enhanced Multi Asset Etf Market Value
| BMAX Etf | 14.10 0.02 0.14% |
| Symbol | Brompton |
Brompton Enhanced '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 Enhanced'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 Enhanced.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Brompton Enhanced on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Brompton Enhanced Multi Asset or generate 0.0% return on investment in Brompton Enhanced over 180 days. Brompton Enhanced is related to or competes with Harvest Diversified, Hamilton Canadian, Hamilton Enhanced, Hamilton Enhanced, and Real Estate. Brompton Enhanced is entity of Canada. It is traded as Etf on TO exchange. More
Brompton Enhanced 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 Enhanced'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 Enhanced Multi Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6448 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.02 |
Brompton Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brompton Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brompton Enhanced's standard deviation. In reality, there are many statistical measures that can use Brompton Enhanced historical prices to predict the future Brompton Enhanced's volatility.| Risk Adjusted Performance | 0.0817 | |||
| Jensen Alpha | 0.0261 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1572 |
Brompton Enhanced Multi Backtested Returns
As of now, Brompton Etf is very steady. Brompton Enhanced Multi secures Sharpe Ratio (or Efficiency) of 0.0954, which signifies that the etf had a 0.0954% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Brompton Enhanced Multi Asset, which you can use to evaluate the volatility of the entity. Please confirm Brompton Enhanced's Downside Deviation of 0.6448, mean deviation of 0.4672, and Risk Adjusted Performance of 0.0817 to double-check if the risk estimate we provide is consistent with the expected return of 0.0595%. The etf shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brompton Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brompton Enhanced is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Brompton Enhanced Multi Asset has modest predictability. Overlapping area represents the amount of predictability between Brompton Enhanced time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Brompton Enhanced Multi price movement. The serial correlation of 0.55 indicates that about 55.0% of current Brompton Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Brompton Enhanced Multi lagged returns against current returns
Autocorrelation, which is Brompton Enhanced 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 Enhanced's etf expected returns. We can calculate the autocorrelation of Brompton Enhanced returns to help us make a trade decision. For example, suppose you find that Brompton Enhanced 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 Enhanced 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 Enhanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brompton Enhanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brompton Enhanced etf over time.
Current vs Lagged Prices |
| Timeline |
Brompton Enhanced Lagged Returns
When evaluating Brompton Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brompton Enhanced etf have on its future price. Brompton Enhanced 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 Enhanced autocorrelation shows the relationship between Brompton Enhanced etf current value and its past values and can show if there is a momentum factor associated with investing in Brompton Enhanced Multi Asset.
Regressed Prices |
| Timeline |
Pair Trading with Brompton Enhanced
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 Enhanced 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 Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Etf
| 0.88 | IGAF | IA Clarington Loomis | PairCorr |
| 0.93 | VGRO | Vanguard Growth Portfolio | PairCorr |
| 0.92 | XGRO | iShares Core Growth | PairCorr |
| 0.89 | PLV | Invesco Low Volatility | PairCorr |
| 0.94 | GGRO | iShares ESG Growth | PairCorr |
Moving against Brompton Etf
The ability to find closely correlated positions to Brompton Enhanced 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 Enhanced 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 Enhanced - 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 Enhanced Multi Asset to buy it.
The correlation of Brompton Enhanced 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 Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Enhanced Multi 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 Enhanced 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 Enhanced 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 Enhanced security.