Betapro Silver 2x Etf Market Value
| HZD Etf | CAD 5.87 0.25 4.08% |
| Symbol | BetaPro |
BetaPro Silver '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 Silver'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 Silver.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in BetaPro Silver on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding BetaPro Silver 2x or generate 0.0% return on investment in BetaPro Silver over 90 days. BetaPro Silver is related to or competes with BetaPro Silver, BetaPro Gold, BetaPro Canadian, BetaPro Gold, and BetaPro SPTSX. HZD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction co... More
BetaPro Silver 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 Silver'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 Silver 2x upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.07 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 4.5 |
BetaPro Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaPro Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaPro Silver's standard deviation. In reality, there are many statistical measures that can use BetaPro Silver historical prices to predict the future BetaPro Silver's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | 0.1169 | |||
| Treynor Ratio | 1.28 |
BetaPro Silver 2x Backtested Returns
BetaPro Silver 2x secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the etf had a -0.11 % return per unit of risk over the last 3 months. BetaPro Silver 2x exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BetaPro Silver's Risk Adjusted Performance of (0.07), standard deviation of 3.14, and Mean Deviation of 2.49 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BetaPro Silver are expected to decrease at a much lower rate. During the bear market, BetaPro Silver is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
BetaPro Silver 2x has virtually no predictability. Overlapping area represents the amount of predictability between BetaPro Silver time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 BetaPro Silver 2x price movement. The serial correlation of 0.06 indicates that barely 6.0% of current BetaPro Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
BetaPro Silver 2x lagged returns against current returns
Autocorrelation, which is BetaPro Silver 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 Silver's etf expected returns. We can calculate the autocorrelation of BetaPro Silver returns to help us make a trade decision. For example, suppose you find that BetaPro Silver 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 Silver 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 Silver etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaPro Silver etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaPro Silver etf over time.
Current vs Lagged Prices |
| Timeline |
BetaPro Silver Lagged Returns
When evaluating BetaPro Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaPro Silver etf have on its future price. BetaPro Silver 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 Silver autocorrelation shows the relationship between BetaPro Silver etf current value and its past values and can show if there is a momentum factor associated with investing in BetaPro Silver 2x.
Regressed Prices |
| Timeline |
Pair Trading with BetaPro Silver
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 Silver 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 Silver will appreciate offsetting losses from the drop in the long position's value.Moving against BetaPro Etf
| 0.98 | HZU | BetaPro Silver 2x | PairCorr |
| 0.95 | HEP | Global X Enhanced | PairCorr |
| 0.94 | HGU | BetaPro Canadian Gold | PairCorr |
| 0.93 | HGGG | Harvest Global Gold | PairCorr |
| 0.92 | HBU | BetaPro Gold Bullion | PairCorr |
The ability to find closely correlated positions to BetaPro Silver 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 Silver 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 Silver - 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 Silver 2x to buy it.
The correlation of BetaPro Silver 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 Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Silver 2x 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 Silver 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 Silver 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 Silver security.