Guardian I3 Quality Etf Market Value
| GIQU Etf | 27.76 0.63 2.22% |
| Symbol | Guardian |
Guardian '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 Guardian'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 Guardian.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Guardian on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Guardian i3 Quality or generate 0.0% return on investment in Guardian over 90 days. Guardian is related to or competes with BMO MSCI, BMO Low, BMO MSCI, BMO MSCI, and BMO Low. Guardian is entity of Canada. It is traded as Etf on TO exchange. More
Guardian 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 Guardian'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 Guardian i3 Quality upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 1.96 |
Guardian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guardian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guardian's standard deviation. In reality, there are many statistical measures that can use Guardian historical prices to predict the future Guardian's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 18.48 |
Guardian i3 Quality Backtested Returns
Guardian i3 Quality holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17 % return per unit of standard deviation over the last 3 months. Guardian i3 Quality exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guardian's risk adjusted performance of (0.11), and Market Risk Adjusted Performance of 18.49 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0113, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guardian are expected to decrease at a much lower rate. During the bear market, Guardian is likely to outperform the market.
Auto-correlation | -0.39 |
Poor reverse predictability
Guardian i3 Quality has poor reverse predictability. Overlapping area represents the amount of predictability between Guardian time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Guardian i3 Quality price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Guardian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.96 |
Guardian i3 Quality lagged returns against current returns
Autocorrelation, which is Guardian 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 Guardian's etf expected returns. We can calculate the autocorrelation of Guardian returns to help us make a trade decision. For example, suppose you find that Guardian 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 |
Guardian 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 Guardian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guardian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guardian etf over time.
Current vs Lagged Prices |
| Timeline |
Guardian Lagged Returns
When evaluating Guardian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guardian etf have on its future price. Guardian 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, Guardian autocorrelation shows the relationship between Guardian etf current value and its past values and can show if there is a momentum factor associated with investing in Guardian i3 Quality.
Regressed Prices |
| Timeline |
Pair Trading with Guardian
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 Guardian 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 Guardian will appreciate offsetting losses from the drop in the long position's value.Moving together with Guardian Etf
| 0.89 | XSP | iShares Core SP | PairCorr |
| 0.87 | ZSP | BMO SP 500 | PairCorr |
| 0.87 | VFV | Vanguard SP 500 | PairCorr |
| 0.87 | HXS | Global X SP | PairCorr |
| 0.87 | XUS | iShares Core SP | PairCorr |
Moving against Guardian Etf
| 0.63 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.46 | XSB | iShares Canadian Short | PairCorr |
| 0.34 | MXF | CI First Asset | PairCorr |
| 0.33 | ZGD | BMO Equal Weight | PairCorr |
| 0.32 | HGU | BetaPro Canadian Gold | PairCorr |
The ability to find closely correlated positions to Guardian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian 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 Guardian - 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 Guardian i3 Quality to buy it.
The correlation of Guardian 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 Guardian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian i3 Quality 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 Guardian 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 Guardian Etf
Guardian financial ratios help investors to determine whether Guardian 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 Guardian with respect to the benefits of owning Guardian security.