BetaShares Geared (Australia) Market Value
| GEAR Etf | 33.79 0.11 0.33% |
| Symbol | BetaShares |
BetaShares Geared '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 Geared'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 Geared.
| 05/13/2023 |
| 12/03/2024 |
If you would invest 0.00 in BetaShares Geared on May 13, 2023 and sell it all today you would earn a total of 0.00 from holding BetaShares Geared Australian or generate 0.0% return on investment in BetaShares Geared over 570 days. BetaShares Geared is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. BetaShares Geared is entity of Australia More
BetaShares Geared 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 Geared'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 Geared Australian upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0211 | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.17 |
BetaShares Geared Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Geared's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Geared's standard deviation. In reality, there are many statistical measures that can use BetaShares Geared historical prices to predict the future BetaShares Geared's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.0614 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0192 | |||
| Treynor Ratio | 0.2001 |
BetaShares Geared Backtested Returns
BetaShares Geared appears to be very steady, given 3 months investment horizon. BetaShares Geared secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BetaShares Geared Australian, which you can use to evaluate the volatility of the entity. Please makes use of BetaShares Geared's Downside Deviation of 1.5, mean deviation of 1.07, and Risk Adjusted Performance of 0.0899 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BetaShares Geared's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Geared is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
BetaShares Geared Australian has modest predictability. Overlapping area represents the amount of predictability between BetaShares Geared time series from 13th of May 2023 to 22nd of February 2024 and 22nd of February 2024 to 3rd 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 Geared price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current BetaShares Geared price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 3.43 |
BetaShares Geared lagged returns against current returns
Autocorrelation, which is BetaShares Geared 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 Geared's etf expected returns. We can calculate the autocorrelation of BetaShares Geared returns to help us make a trade decision. For example, suppose you find that BetaShares Geared 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 Geared 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 Geared etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Geared etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Geared etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Geared Lagged Returns
When evaluating BetaShares Geared's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Geared etf have on its future price. BetaShares Geared 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 Geared autocorrelation shows the relationship between BetaShares Geared etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Geared Australian.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Geared 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 Geared security.