Guardian I3 Quality Etf Market Value

GIQU Etf   27.76  0.63  2.22%   
Guardian's market value is the price at which a share of Guardian trades on a public exchange. It measures the collective expectations of Guardian i3 Quality investors about its performance. Guardian is selling at 27.76 as of the 17th of March 2025; that is 2.22 percent decrease since the beginning of the trading day. The etf's open price was 28.39.
With this module, you can estimate the performance of a buy and hold strategy of Guardian i3 Quality and determine expected loss or profit from investing in Guardian over a given investment horizon. Check out Guardian Correlation, Guardian Volatility and Guardian Alpha and Beta module to complement your research on Guardian.
Symbol

Please note, there is a significant difference between Guardian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guardian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guardian'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.

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.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
26.2227.7629.30
Details
Intrinsic
Valuation
LowRealHigh
26.9028.4429.98
Details
Naive
Forecast
LowNextHigh
25.8327.3728.91
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.9528.6530.35
Details

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 Average0.0
Price Variance2.96

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

  0.89XSP iShares Core SPPairCorr
  0.87ZSP BMO SP 500PairCorr
  0.87VFV Vanguard SP 500PairCorr
  0.87HXS Global X SPPairCorr
  0.87XUS iShares Core SPPairCorr

Moving against Guardian Etf

  0.63HED BetaPro SPTSX CappedPairCorr
  0.46XSB iShares Canadian ShortPairCorr
  0.34MXF CI First AssetPairCorr
  0.33ZGD BMO Equal WeightPairCorr
  0.32HGU BetaPro Canadian GoldPairCorr
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.
Pair CorrelationCorrelation Matching

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.