Betapro Crude Oil Etf Price on November 6, 2023
| HOD Etf | CAD 6.92 0.09 1.32% |
Below is the normalized historical share price chart for BetaPro Crude Oil extending back to January 16, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of BetaPro Crude stands at 6.92, as last reported on the 27th of November, with the highest price reaching 7.03 and the lowest price hitting 6.60 during the day.
If you're considering investing in BetaPro Etf, it is important to understand the factors that can impact its price. As of now, BetaPro Etf is moderately volatile. BetaPro Crude Oil secures Sharpe Ratio (or Efficiency) of 0.0367, which signifies that the etf had a 0.0367% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for BetaPro Crude Oil, which you can use to evaluate the volatility of the entity. Please confirm BetaPro Crude's Risk Adjusted Performance of 0.011, mean deviation of 3.56, and Downside Deviation of 4.18 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
BetaPro Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 54.83 | 200 Day MA 6.8965 | 1 y Volatility 34.22 | 50 Day MA 6.967 | Inception Date 2008-01-15 |
BetaPro |
Sharpe Ratio = 0.0367
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Estimated Market Risk
| 4.48 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average BetaPro Crude is performing at about 2% 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 Crude by adding it to a well-diversified portfolio.
Average Mkt Cap Mil CADÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
BetaPro Crude Valuation on November 6, 2023
It is possible to determine the worth of BetaPro Crude on a given historical date. On November 6, 2023 BetaPro was worth 7.4 at the beginning of the trading date compared to the closed value of 7.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BetaPro Crude etf. Still, in general, we apply an absolute valuation method to find BetaPro Crude's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of BetaPro Crude where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BetaPro Crude's related companies.
| Open | High | Low | Close | Volume | |
| 7.50 | 7.73 | 7.31 | 7.60 | 1,808,300 | |
11/06/2023 | 7.40 | 7.61 | 7.37 | 7.60 | 666,000 |
| 7.98 | 8.28 | 7.96 | 8.22 | 1,371,400 |
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BetaPro Crude Trading Date Momentum on November 6, 2023
| On November 07 2023 BetaPro Crude Oil was traded for 8.22 at the closing time. The maximum traded price for the trading interval was 8.28 and the lowest daily price was 7.96 . The daily volume was recorded at 1.4 M. The volume of trading on 7th of November 2023 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 8.16% . The overall trading delta to the closing price today is 14.87% . |
BetaPro Crude Oil Fundamentals Correlations and Trends
By evaluating BetaPro Crude's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among BetaPro Crude's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BetaPro financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BetaPro Crude Etf history
BetaPro Crude investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for BetaPro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BetaPro Crude Oil will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing BetaPro Crude stock prices may prove useful in developing a viable investing in BetaPro Crude
The investment seeks to replicate two times the inverse of the daily performance, net of expenses, of the NYMEX light sweet crude oil futures contract for the next delivery month. BETAPRO CRUDE is traded on Toronto Stock Exchange in Canada.
BetaPro Crude Etf Technical Analysis
BetaPro Crude technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
BetaPro Crude Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
BetaPro Crude Oil cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
BetaPro Crude November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how BetaPro Crude etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BetaPro Crude shares will generate the highest return on investment. By undertsting and applying BetaPro Crude etf market strength indicators, traders can identify BetaPro Crude Oil entry and exit signals to maximize returns
BetaPro Crude Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BetaPro Crude's price direction in advance. Along with the technical and fundamental analysis of BetaPro Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of BetaPro to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0219 |
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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.