Agfiq Market Neutral Etf Beta
| QBTL Etf | CAD 19.15 0.05 0.26% |
AGFiQ Market Neutral fundamentals help investors to digest information that contributes to AGFiQ Market's financial success or failures. It also enables traders to predict the movement of AGFiQ Etf. The fundamental analysis module provides a way to measure AGFiQ Market'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 AGFiQ Market etf.
AGFiQ |
AGFiQ Market Neutral ETF Beta Analysis
AGFiQ Market'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, AGFiQ Market Neutral has a Beta of 0.0. This indicator is about the same for the AGF Investments Inc. average (which is currently at 0.0) family and about the same as Beta (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
AGFiQ Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AGFiQ Market's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of AGFiQ Market could also be used in its relative valuation, which is a method of valuing AGFiQ Market by comparing valuation metrics of similar companies.AGFiQ Market is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for AGFiQ Market
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in stocks.Asset allocation divides AGFiQ Market's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
AGFiQ Fundamentals
| Total Asset | 238.89 M | |||
| Net Asset | 238.89 M | |||
| Last Dividend Paid | 0.038 | |||
| Equity Positions Weight | 12.79 % |
About AGFiQ Market Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AGFiQ Market Neutral's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AGFiQ Market using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AGFiQ Market Neutral 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 AGFiQ Market
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 AGFiQ Market 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 AGFiQ Market will appreciate offsetting losses from the drop in the long position's value.Moving against AGFiQ Etf
| 0.94 | XSP | iShares Core SP | PairCorr |
| 0.93 | XIC | iShares Core SPTSX | PairCorr |
| 0.93 | ZCN | BMO SPTSX Capped | PairCorr |
| 0.92 | XIU | iShares SPTSX 60 | PairCorr |
| 0.9 | ZSP | BMO SP 500 | PairCorr |
The ability to find closely correlated positions to AGFiQ Market could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGFiQ Market 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 AGFiQ Market - 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 AGFiQ Market Neutral to buy it.
The correlation of AGFiQ Market 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 AGFiQ Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGFiQ Market Neutral 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 AGFiQ Market 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in AGFiQ Market Neutral. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.