Vanguard Canadian Financial Statements From 2010 to 2024
| VLB Etf | CAD 21.44 0.14 0.66% |
Check Vanguard Canadian financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Vanguard Canadian's main balance sheet or income statement drivers, such as , as well as many indicators such as . Vanguard financial statements analysis is a perfect complement when working with Vanguard Canadian Valuation or Volatility modules.
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Vanguard Canadian Long Term ETF Beta Analysis
Vanguard Canadian's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Vanguard Canadian Beta | 1.05 |
Most of Vanguard Canadian's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Vanguard Canadian Long Term is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Vanguard Canadian Long Term has a Beta of 1.05. This is much higher than that of the Vanguard Investments Canada Inc family and significantly higher than that of the Canadian Long Term Fixed Income category. The beta for all Canada etfs is notably lower than that of the firm.
About Vanguard Canadian Financial Statements
Vanguard Canadian investors utilize fundamental indicators, such as revenue or net income, to predict how Vanguard Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Vanguard Canadian Long-Term Bond Index ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian bond index with a long-term dollar weighted average maturity. VANGUARD CDN is traded on Toronto Stock Exchange in Canada.
Pair Trading with Vanguard Canadian
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 Vanguard Canadian 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 Vanguard Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Vanguard Etf
| 0.96 | ZFL | BMO Long Federal | PairCorr |
| 0.99 | XLB | iShares Core Canadian | PairCorr |
| 0.99 | ZPL | BMO Long Provincial | PairCorr |
| 0.72 | ZLC | BMO Long Corporate | PairCorr |
Moving against Vanguard Etf
| 0.73 | XEG | iShares SPTSX Capped | PairCorr |
| 0.72 | HXE | Global X SPTSX | PairCorr |
| 0.53 | ZMT | BMO SPTSX Equal | PairCorr |
| 0.5 | RXD | RBC Quant Emerging | PairCorr |
| 0.43 | PMM | Purpose Multi Strategy | PairCorr |
The ability to find closely correlated positions to Vanguard Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Canadian 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 Vanguard Canadian - 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 Vanguard Canadian Long Term to buy it.
The correlation of Vanguard Canadian 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 Vanguard Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Canadian Long 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 Vanguard Canadian 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 Vanguard Etf
Vanguard Canadian financial ratios help investors to determine whether Vanguard 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 Vanguard with respect to the benefits of owning Vanguard Canadian security.