Betapro Crude Oil Etf Beta
| HOD Etf | CAD 6.98 0.11 1.60% |
BetaPro Crude Oil fundamentals help investors to digest information that contributes to BetaPro Crude'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 Crude'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 Crude etf.
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BetaPro Crude Oil ETF Beta Analysis
BetaPro Crude'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.
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, BetaPro Crude Oil has a Beta of 0.0. 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
| Price To Earning | 19.44 X | |||
| Price To Book | 1.40 X | |||
| Price To Sales | 1.15 X | |||
| Total Asset | 40.49 M | |||
| One Year Return | (18.00) % | |||
| Three Year Return | (45.20) % | |||
| Five Year Return | (37.30) % | |||
| Ten Year Return | (24.60) % | |||
| Net Asset | 40.49 M | |||
| Holdings Turnover | 713.24 % |
About BetaPro Crude Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BetaPro Crude Oil's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BetaPro Crude using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BetaPro Crude Oil 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 Crude
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 Crude 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 Crude will appreciate offsetting losses from the drop in the long position's value.Moving against BetaPro Etf
| 0.85 | HXE | Global X SPTSX | PairCorr |
| 0.77 | HOU | BetaPro Crude Oil | PairCorr |
| 0.56 | HQU | BetaPro NASDAQ 100 | PairCorr |
| 0.54 | HSU | BetaPro SP 500 | PairCorr |
| 0.51 | HXU | BetaPro SP TSX | PairCorr |
The ability to find closely correlated positions to BetaPro Crude 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 Crude 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 Crude - 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 Crude Oil to buy it.
The correlation of BetaPro Crude 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 Crude moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Crude Oil 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 Crude 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 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.