Betapro Gold Bullion Etf Ten Year Return
| HBD Etf | CAD 6.64 0.40 6.41% |
BetaPro Gold Bullion fundamentals help investors to digest information that contributes to BetaPro Gold's financial success or failures. It also enables traders to predict the movement of BetaPro Etf. The fundamental analysis module provides a way to measure BetaPro Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BetaPro Gold etf.
BetaPro |
BetaPro Gold Bullion ETF Ten Year Return Analysis
BetaPro Gold's Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
More About Ten Year Return | All Equity Analysis
Ten Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current BetaPro Gold Ten Year Return | (16.80) % |
Most of BetaPro Gold's fundamental indicators, such as Ten Year Return, 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, BetaPro Gold Bullion is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
| Competition |
Based on the latest financial disclosure, BetaPro Gold Bullion has a Ten Year Return of -16.8%. This is much lower than that of the Horizons ETFs Management (Canada) Inc family and significantly lower than that of the Passive Inverse/Leveraged category. The ten year return for all Canada etfs is notably higher than that of the company.
BetaPro Ten Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BetaPro Gold's direct or indirect competition against its Ten Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BetaPro Gold could also be used in its relative valuation, which is a method of valuing BetaPro Gold by comparing valuation metrics of similar companies.BetaPro Gold is currently under evaluation in ten year return as compared to similar ETFs.
BetaPro Fundamentals
| Price To Earning | 16.89 X | |||
| Total Asset | 1.56 M | |||
| One Year Return | (42.00) % | |||
| Three Year Return | (20.80) % | |||
| Five Year Return | (22.30) % | |||
| Ten Year Return | (16.80) % | |||
| Net Asset | 1.56 M |
About BetaPro Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BetaPro Gold Bullion's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BetaPro Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BetaPro Gold Bullion based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with BetaPro Gold
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 BetaPro Gold 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 BetaPro Gold will appreciate offsetting losses from the drop in the long position's value.Moving against BetaPro Etf
| 0.76 | HGU | BetaPro Canadian Gold | PairCorr |
| 0.64 | HXU | BetaPro SP TSX | PairCorr |
| 0.58 | HQU | BetaPro NASDAQ 100 | PairCorr |
| 0.58 | HSU | BetaPro SP 500 | PairCorr |
| 0.42 | CBCX | CI Galaxy Blockchain | PairCorr |
The ability to find closely correlated positions to BetaPro Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro Gold 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 BetaPro Gold - 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 BetaPro Gold Bullion to buy it.
The correlation of BetaPro Gold 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 BetaPro Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Gold Bullion 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 BetaPro Gold 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 BetaPro Etf
BetaPro Gold 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 Gold security.