Betashares Wealth (Australia) Market Value
| GNDQ Etf | 27.40 0.03 0.11% |
| Symbol | Betashares |
Please note, there is a significant difference between Betashares Wealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Betashares Wealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Betashares Wealth'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 Wealth '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 Wealth'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 Wealth.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Betashares Wealth on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Betashares Wealth Builder or generate 0.0% return on investment in Betashares Wealth over 30 days. Betashares Wealth is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. Betashares Wealth is entity of Australia More
Betashares Wealth 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 Wealth'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 Wealth Builder upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.0653 | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.77 |
Betashares Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Betashares Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Betashares Wealth's standard deviation. In reality, there are many statistical measures that can use Betashares Wealth historical prices to predict the future Betashares Wealth's volatility.| Risk Adjusted Performance | 0.1263 | |||
| Jensen Alpha | 0.1767 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.07 | |||
| Treynor Ratio | 0.6089 |
Betashares Wealth Builder Backtested Returns
Betashares Wealth appears to be very steady, given 3 months investment horizon. Betashares Wealth Builder 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 Wealth Builder, which you can use to evaluate the volatility of the entity. Please makes use of Betashares Wealth's Risk Adjusted Performance of 0.1263, mean deviation of 1.06, and Downside Deviation of 1.37 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Betashares Wealth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Betashares Wealth is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Betashares Wealth Builder has good predictability. Overlapping area represents the amount of predictability between Betashares Wealth time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Wealth Builder price movement. The serial correlation of 0.73 indicates that around 73.0% of current Betashares Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Betashares Wealth Builder lagged returns against current returns
Autocorrelation, which is Betashares Wealth 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 Wealth's etf expected returns. We can calculate the autocorrelation of Betashares Wealth returns to help us make a trade decision. For example, suppose you find that Betashares Wealth 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 |
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Betashares Wealth 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 Wealth etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Betashares Wealth etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Betashares Wealth etf over time.
Current vs Lagged Prices |
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Betashares Wealth Lagged Returns
When evaluating Betashares Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Betashares Wealth etf have on its future price. Betashares Wealth 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 Wealth autocorrelation shows the relationship between Betashares Wealth etf current value and its past values and can show if there is a momentum factor associated with investing in Betashares Wealth Builder.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Betashares Etf
Betashares Wealth 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 Wealth security.