Ninepoint Diversified Bond Etf Market Value
| NBND Etf | 18.69 0.05 0.27% |
| Symbol | Ninepoint |
Ninepoint Diversified '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 Ninepoint Diversified'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 Ninepoint Diversified.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Ninepoint Diversified on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Ninepoint Diversified Bond or generate 0.0% return on investment in Ninepoint Diversified over 90 days. Ninepoint Diversified is related to or competes with Ninepoint Bitcoin, Ninepoint Web3, and . Ninepoint Diversified is entity of Canada More
Ninepoint Diversified 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 Ninepoint Diversified'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 Ninepoint Diversified Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3112 | |||
| Information Ratio | 0.4344 | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.5952 |
Ninepoint Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ninepoint Diversified's standard deviation. In reality, there are many statistical measures that can use Ninepoint Diversified historical prices to predict the future Ninepoint Diversified's volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.0237 | |||
| Total Risk Alpha | 0.0637 | |||
| Sortino Ratio | 0.4532 | |||
| Treynor Ratio | 0.1914 |
Ninepoint Diversified Backtested Returns
At this point, Ninepoint Diversified is very steady. Ninepoint Diversified has Sharpe Ratio of 0.0981, which conveys that the entity had a 0.0981 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ninepoint Diversified, which you can use to evaluate the volatility of the etf. Please verify Ninepoint Diversified's Downside Deviation of 0.3112, mean deviation of 0.2417, and Risk Adjusted Performance of 0.0466 to check out if the risk estimate we provide is consistent with the expected return of 0.032%. The etf secures a Beta (Market Risk) of 0.0746, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ninepoint Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ninepoint Diversified is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Ninepoint Diversified Bond has poor predictability. Overlapping area represents the amount of predictability between Ninepoint Diversified time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Ninepoint Diversified price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Ninepoint Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ninepoint Diversified lagged returns against current returns
Autocorrelation, which is Ninepoint Diversified 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 Ninepoint Diversified's etf expected returns. We can calculate the autocorrelation of Ninepoint Diversified returns to help us make a trade decision. For example, suppose you find that Ninepoint Diversified 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 |
Ninepoint Diversified 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 Ninepoint Diversified etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ninepoint Diversified etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ninepoint Diversified etf over time.
Current vs Lagged Prices |
| Timeline |
Ninepoint Diversified Lagged Returns
When evaluating Ninepoint Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ninepoint Diversified etf have on its future price. Ninepoint Diversified 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, Ninepoint Diversified autocorrelation shows the relationship between Ninepoint Diversified etf current value and its past values and can show if there is a momentum factor associated with investing in Ninepoint Diversified Bond.
Regressed Prices |
| Timeline |
Pair Trading with Ninepoint Diversified
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 Ninepoint Diversified 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 Ninepoint Diversified will appreciate offsetting losses from the drop in the long position's value.Moving against Ninepoint Etf
The ability to find closely correlated positions to Ninepoint Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ninepoint Diversified 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 Ninepoint Diversified - 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 Ninepoint Diversified Bond to buy it.
The correlation of Ninepoint Diversified 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 Ninepoint Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint Diversified 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 Ninepoint Diversified 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 Ninepoint Etf
Ninepoint Diversified financial ratios help investors to determine whether Ninepoint 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 Ninepoint with respect to the benefits of owning Ninepoint Diversified security.