Betapro Sptsx Capped Etf Market Value
| HFU Etf | CAD 32.55 0.15 0.46% |
| Symbol | BetaPro |
BetaPro SPTSX '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 BetaPro SPTSX'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 BetaPro SPTSX.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in BetaPro SPTSX on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding BetaPro SPTSX Capped or generate 0.0% return on investment in BetaPro SPTSX over 540 days. BetaPro SPTSX is related to or competes with BetaPro SPTSX, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. HFU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction co... More
BetaPro SPTSX 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 BetaPro SPTSX'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 BetaPro SPTSX Capped upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9284 | |||
| Information Ratio | 0.2823 | |||
| Maximum Drawdown | 5.89 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 2.21 |
BetaPro SPTSX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaPro SPTSX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaPro SPTSX's standard deviation. In reality, there are many statistical measures that can use BetaPro SPTSX historical prices to predict the future BetaPro SPTSX's volatility.| Risk Adjusted Performance | 0.3056 | |||
| Jensen Alpha | 0.3695 | |||
| Total Risk Alpha | 0.2622 | |||
| Sortino Ratio | 0.3388 | |||
| Treynor Ratio | 0.8202 |
BetaPro SPTSX Capped Backtested Returns
BetaPro SPTSX appears to be very steady, given 3 months investment horizon. BetaPro SPTSX Capped secures Sharpe Ratio (or Efficiency) of 0.38, which signifies that the etf had a 0.38% return per unit of risk over the last 3 months. We have found thirty technical indicators for BetaPro SPTSX Capped, which you can use to evaluate the volatility of the entity. Please makes use of BetaPro SPTSX's Downside Deviation of 0.9284, risk adjusted performance of 0.3056, and Mean Deviation of 0.8812 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BetaPro SPTSX's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaPro SPTSX is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
BetaPro SPTSX Capped has good predictability. Overlapping area represents the amount of predictability between BetaPro SPTSX time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 BetaPro SPTSX Capped price movement. The serial correlation of 0.75 indicates that around 75.0% of current BetaPro SPTSX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 11.83 |
BetaPro SPTSX Capped lagged returns against current returns
Autocorrelation, which is BetaPro SPTSX 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 BetaPro SPTSX's etf expected returns. We can calculate the autocorrelation of BetaPro SPTSX returns to help us make a trade decision. For example, suppose you find that BetaPro SPTSX 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 |
BetaPro SPTSX 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 BetaPro SPTSX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaPro SPTSX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaPro SPTSX etf over time.
Current vs Lagged Prices |
| Timeline |
BetaPro SPTSX Lagged Returns
When evaluating BetaPro SPTSX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaPro SPTSX etf have on its future price. BetaPro SPTSX 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, BetaPro SPTSX autocorrelation shows the relationship between BetaPro SPTSX etf current value and its past values and can show if there is a momentum factor associated with investing in BetaPro SPTSX Capped.
Regressed Prices |
| Timeline |
Pair Trading with BetaPro SPTSX
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 BetaPro SPTSX 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 BetaPro SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with BetaPro Etf
Moving against BetaPro Etf
| 0.98 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.92 | HSD | BetaPro SP 500 | PairCorr |
| 0.89 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.59 | TCLB | TD Canadian Long | PairCorr |
| 0.56 | RIT | CI Canadian REIT | PairCorr |
The ability to find closely correlated positions to BetaPro SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro SPTSX 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 BetaPro SPTSX - 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 BetaPro SPTSX Capped to buy it.
The correlation of BetaPro SPTSX 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 BetaPro SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro SPTSX Capped 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 BetaPro SPTSX 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 BetaPro Etf
BetaPro SPTSX financial ratios help investors to determine whether BetaPro 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 BetaPro with respect to the benefits of owning BetaPro SPTSX security.