Rbc Phn Short Etf Market Value
| RPSB Etf | CAD 20.15 0.02 0.1% |
| Symbol | RBC |
RBC PHN '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 RBC PHN'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 RBC PHN.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in RBC PHN on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding RBC PHN Short or generate 0.0% return on investment in RBC PHN over 90 days. RBC PHN is related to or competes with RBC 1, RBC Quant, and RBC Short. RBC PHN Short Term Canadian Bond ETF seeks to provide regular monthly income with the potential for modest capital growt... More
RBC PHN 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 RBC PHN'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 RBC PHN Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1726 | |||
| Information Ratio | 0.7967 | |||
| Maximum Drawdown | 0.7956 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.3014 |
RBC PHN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC PHN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC PHN's standard deviation. In reality, there are many statistical measures that can use RBC PHN historical prices to predict the future RBC PHN's volatility.| Risk Adjusted Performance | 0.0546 | |||
| Jensen Alpha | 0.0105 | |||
| Total Risk Alpha | 0.0258 | |||
| Sortino Ratio | 0.6751 | |||
| Treynor Ratio | 0.2758 |
RBC PHN Short Backtested Returns
As of now, RBC Etf is very steady. RBC PHN Short retains Efficiency (Sharpe Ratio) of 0.17, which implies the etf had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for RBC PHN, which you can use to evaluate the volatility of the entity. Please check RBC PHN's downside deviation of 0.1726, and Market Risk Adjusted Performance of 0.2858 to confirm if the risk estimate we provide is consistent with the expected return of 0.0243%. The entity owns a Beta (Systematic Risk) of 0.0272, which implies not very significant fluctuations relative to the market. As returns on the market increase, RBC PHN's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC PHN is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
RBC PHN Short has below average predictability. Overlapping area represents the amount of predictability between RBC PHN time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 RBC PHN Short price movement. The serial correlation of 0.36 indicates that just about 36.0% of current RBC PHN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
RBC PHN Short lagged returns against current returns
Autocorrelation, which is RBC PHN 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 RBC PHN's etf expected returns. We can calculate the autocorrelation of RBC PHN returns to help us make a trade decision. For example, suppose you find that RBC PHN 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 |
RBC PHN 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 RBC PHN etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC PHN etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC PHN etf over time.
Current vs Lagged Prices |
| Timeline |
RBC PHN Lagged Returns
When evaluating RBC PHN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC PHN etf have on its future price. RBC PHN 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, RBC PHN autocorrelation shows the relationship between RBC PHN etf current value and its past values and can show if there is a momentum factor associated with investing in RBC PHN Short.
Regressed Prices |
| Timeline |
Other Information on Investing in RBC Etf
RBC PHN financial ratios help investors to determine whether RBC 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 RBC with respect to the benefits of owning RBC PHN security.