Betapro Gold Bullion Etf Cash And Equivalents
| HBU Etf | CAD 17.29 0.19 1.11% |
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.
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BetaPro Gold Bullion ETF Cash And Equivalents Analysis
BetaPro Gold's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, BetaPro Gold Bullion has 0.0 in Cash And Equivalents. This indicator is about the same for the Horizons ETFs Management (Canada) Inc average (which is currently at 0.0) family and about the same as Passive Inverse/Leveraged (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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BetaPro Fundamentals
| Total Asset | 21.43 M | |||
| One Year Return | 48.60 % | |||
| Three Year Return | 16.70 % | |||
| Five Year Return | 13.20 % | |||
| Ten Year Return | 7.10 % | |||
| Net Asset | 21.43 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 together with BetaPro Etf
Moving against BetaPro Etf
| 0.49 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.46 | HOD | BetaPro Crude Oil | PairCorr |
| 0.45 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.43 | HSD | BetaPro SP 500 | 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.