BetaPro Crude Financials
| HOU Etf | CAD 12.23 0.31 2.60% |
3 y Sharp Ratio 0.06 |
BetaPro |
The data published in BetaPro Crude's official financial statements typically reflect BetaPro Crude's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving BetaPro Crude's quantitative information. For example, before you start analyzing numbers published by BetaPro accountants, it's essential to understand BetaPro Crude's liquidity, profitability, and earnings quality within the context of the Horizons ETFs Management (Canada) Inc space in which it operates.
BetaPro Crude Etf Summary
BetaPro Crude competes with BetaPro Gold, BetaPro NASDAQ, BetaPro SP, BetaPro SP, and BetaPro SP. HOU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times the daily performance of the Solactive Light Sweet Crude Oil Front Month MD Rolling Futures Index ER. BETAPRO CRUDE is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA08663Q1037 |
| Region | Others |
| Investment Issuer | Others |
| Business Address | Wellington St East, |
| Etf Family | Horizons ETFs Management (Canada) Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Website | www.horizonsetfs.com/etf/hou |
| Phone | 866 641 5739 |
| Currency | CAD - Canadian Dollar |
BetaPro Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro Crude's current stock value. Our valuation model uses many indicators to compare BetaPro Crude value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BetaPro Crude competition to find correlations between indicators driving BetaPro Crude's intrinsic value. More Info.BetaPro Crude Oil is rated # 3 ETF in one year return as compared to similar ETFs. It also is rated # 3 ETF in three year return as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro Crude by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro Crude's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.BetaPro Crude Oil Systematic Risk
BetaPro Crude's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. BetaPro Crude volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on BetaPro Crude Oil correlated with the market. If Beta is less than 0 BetaPro Crude generally moves in the opposite direction as compared to the market. If BetaPro Crude Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one BetaPro Crude Oil is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of BetaPro Crude is generally in the same direction as the market. If Beta > 1 BetaPro Crude moves generally in the same direction as, but more than the movement of the benchmark.
BetaPro Crude November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of BetaPro Crude help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of BetaPro Crude Oil. We use our internally-developed statistical techniques to arrive at the intrinsic value of BetaPro Crude Oil based on widely used predictive technical indicators. In general, we focus on analyzing BetaPro Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build BetaPro Crude's daily price indicators and compare them against related drivers.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 6.64 |
Other Information on Investing in BetaPro Etf
BetaPro Crude 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 Crude security.