BetaShares Climate (Australia) Market Value
| ERTH Etf | 9.10 0.18 1.94% |
| Symbol | BetaShares |
Please note, there is a significant difference between BetaShares Climate's value and its price as these two are different measures arrived at by different means. Investors typically determine if BetaShares Climate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BetaShares Climate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BetaShares Climate '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 Climate'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 Climate.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in BetaShares Climate on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding BetaShares Climate Change or generate 0.0% return on investment in BetaShares Climate over 30 days. BetaShares Climate is related to or competes with BetaShares Australian, BetaShares Australian, BetaShares Geared, BetaShares Crude, and BetaShares Managed. BetaShares Climate is entity of Australia More
BetaShares Climate 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 Climate'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 Climate Change upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9155 | |||
| Information Ratio | 0.0485 | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.55 |
BetaShares Climate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Climate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Climate's standard deviation. In reality, there are many statistical measures that can use BetaShares Climate historical prices to predict the future BetaShares Climate's volatility.| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | 0.0217 | |||
| Total Risk Alpha | 0.0458 | |||
| Sortino Ratio | 0.0457 | |||
| Treynor Ratio | 0.1502 |
BetaShares Climate Change Backtested Returns
Currently, BetaShares Climate Change is very steady. BetaShares Climate Change secures Sharpe Ratio (or Efficiency) of 0.0346, which signifies that the etf had a 0.0346 % return per unit of risk over the last 3 months. We have found thirty technical indicators for BetaShares Climate Change, which you can use to evaluate the volatility of the entity. Please confirm BetaShares Climate's Risk Adjusted Performance of 0.0261, mean deviation of 0.6731, and Downside Deviation of 0.9155 to double-check if the risk estimate we provide is consistent with the expected return of 0.0307%. The etf shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaShares Climate's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Climate is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
BetaShares Climate Change has good reverse predictability. Overlapping area represents the amount of predictability between BetaShares Climate time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 BetaShares Climate Change price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current BetaShares Climate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BetaShares Climate Change lagged returns against current returns
Autocorrelation, which is BetaShares Climate 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 Climate's etf expected returns. We can calculate the autocorrelation of BetaShares Climate returns to help us make a trade decision. For example, suppose you find that BetaShares Climate 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 Climate 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 Climate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Climate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Climate etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Climate Lagged Returns
When evaluating BetaShares Climate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Climate etf have on its future price. BetaShares Climate 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 Climate autocorrelation shows the relationship between BetaShares Climate etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Climate Change.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Climate 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 Climate security.