Betapro Canadian Gold Etf Performance
| HGU Etf | CAD 34.65 1.06 3.16% |
The etf shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BetaPro Canadian are expected to decrease at a much lower rate. During the bear market, BetaPro Canadian is likely to outperform the market.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in BetaPro Canadian Gold are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, BetaPro Canadian displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | BetaPro Canadian Gold Miners 2x Daily Bull ETF Trading Down 4.6 percent Should You Sell - Defense World | 01/06/2025 |
2 | Investing With Training Wheels How Buffer ETFs Can Help Mitigate Risk - The Globe and Mail | 02/28/2025 |
BetaPro |
BetaPro Canadian Relative Risk vs. Return Landscape
If you would invest 2,133 in BetaPro Canadian Gold on December 24, 2024 and sell it today you would earn a total of 1,332 from holding BetaPro Canadian Gold or generate 62.45% return on investment over 90 days. BetaPro Canadian Gold is generating 0.8801% of daily returns assuming 3.7359% volatility of returns over the 90 days investment horizon. Simply put, 33% of all etfs have less volatile historical return distribution than BetaPro Canadian, and 83% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
BetaPro Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaPro Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BetaPro Canadian Gold, and traders can use it to determine the average amount a BetaPro Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2356
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.74 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.88 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average BetaPro Canadian is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BetaPro Canadian by adding it to a well-diversified portfolio.
BetaPro Canadian Fundamentals Growth
BetaPro Etf prices reflect investors' perceptions of the future prospects and financial health of BetaPro Canadian, and BetaPro Canadian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on BetaPro Etf performance.
| Price To Earning | 30.42 X | |||
| Total Asset | 90.51 M | |||
About BetaPro Canadian Performance
By examining BetaPro Canadian's fundamental ratios, stakeholders can obtain critical insights into BetaPro Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that BetaPro Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The investment seeks to replicate, before fees and expenses, twice the daily performance of the SPTSX Global Gold Index. BETAPRO CDN is traded on Toronto Stock Exchange in Canada.| BetaPro Canadian appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Investing With Training Wheels How Buffer ETFs Can Help Mitigate Risk - The Globe and Mail | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in BetaPro Etf
BetaPro Canadian 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 Canadian security.