Betapro Silver 2x Etf Equity Positions Weight
| HZU Etf | CAD 27.28 0.62 2.33% |
BetaPro Silver 2x fundamentals help investors to digest information that contributes to BetaPro Silver'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 Silver'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 Silver etf.
BetaPro |
BetaPro Silver 2x ETF Equity Positions Weight Analysis
BetaPro Silver's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, BetaPro Silver 2x has an Equity Positions Weight 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).
BetaPro Equity Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BetaPro Silver's direct or indirect competition against its Equity Positions Weight to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BetaPro Silver could also be used in its relative valuation, which is a method of valuing BetaPro Silver by comparing valuation metrics of similar companies.BetaPro Silver is currently under evaluation in equity positions weight as compared to similar ETFs.
BetaPro Fundamentals
| Total Asset | 31.02 M | |||
| One Year Return | 19.10 % | |||
| Three Year Return | 2.20 % | |||
| Five Year Return | 2.70 % | |||
| Ten Year Return | (3.80) % | |||
| Net Asset | 31.02 M |
About BetaPro Silver Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BetaPro Silver 2x's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BetaPro Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BetaPro Silver 2x 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 Silver
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 Silver 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 Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with BetaPro Etf
Moving against BetaPro Etf
| 0.39 | HOD | BetaPro Crude Oil | PairCorr |
| 0.39 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.33 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.32 | HSD | BetaPro SP 500 | PairCorr |
The ability to find closely correlated positions to BetaPro Silver 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 Silver 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 Silver - 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 Silver 2x to buy it.
The correlation of BetaPro Silver 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 Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Silver 2x 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 Silver 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 Silver 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 Silver security.