Brompton Sustainable Real Etf Market Value
| BREA Etf | CAD 26.84 0.21 0.79% |
| Symbol | Brompton |
Brompton Sustainable '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 Sustainable'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 Sustainable.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Brompton Sustainable on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Brompton Sustainable Real or generate 0.0% return on investment in Brompton Sustainable over 30 days. Brompton Sustainable is related to or competes with Guardian, CI Global, CI Enhanced, IShares Canadian, Altagas Cum, European Residential, and RBC Discount. BROMPTON GLOBAL is traded on Toronto Stock Exchange in Canada. More
Brompton Sustainable 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 Sustainable'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 Sustainable Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.12 |
Brompton Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brompton Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brompton Sustainable's standard deviation. In reality, there are many statistical measures that can use Brompton Sustainable historical prices to predict the future Brompton Sustainable's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0323 |
Brompton Sustainable Real Backtested Returns
As of now, Brompton Etf is very steady. Brompton Sustainable Real secures Sharpe Ratio (or Efficiency) of 0.0019, which signifies that the etf had a 0.0019% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Brompton Sustainable Real, which you can use to evaluate the volatility of the entity. Please confirm Brompton Sustainable's Mean Deviation of 0.5727, risk adjusted performance of 0.0222, and Downside Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0016%. 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 Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brompton Sustainable is expected to be smaller as well.
Auto-correlation | 0.38 |
Below average predictability
Brompton Sustainable Real has below average predictability. Overlapping area represents the amount of predictability between Brompton Sustainable time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Sustainable Real price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Brompton Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Brompton Sustainable Real lagged returns against current returns
Autocorrelation, which is Brompton Sustainable 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 Sustainable's etf expected returns. We can calculate the autocorrelation of Brompton Sustainable returns to help us make a trade decision. For example, suppose you find that Brompton Sustainable 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 Sustainable 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 Sustainable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brompton Sustainable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brompton Sustainable etf over time.
Current vs Lagged Prices |
| Timeline |
Brompton Sustainable Lagged Returns
When evaluating Brompton Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brompton Sustainable etf have on its future price. Brompton Sustainable 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 Sustainable autocorrelation shows the relationship between Brompton Sustainable etf current value and its past values and can show if there is a momentum factor associated with investing in Brompton Sustainable Real.
Regressed Prices |
| Timeline |
Pair Trading with Brompton Sustainable
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 Sustainable 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 Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Etf
Moving against Brompton Etf
The ability to find closely correlated positions to Brompton Sustainable 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 Sustainable 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 Sustainable - 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 Sustainable Real to buy it.
The correlation of Brompton Sustainable 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 Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Sustainable Real 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 Sustainable 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 Sustainable 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 Sustainable security.