BetaShares Australia (Australia) Market Value
| A200 Etf | 140.10 1.01 0.72% |
| Symbol | BetaShares |
BetaShares Australia 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BetaShares Australia's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BetaShares Australia.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in BetaShares Australia on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding BetaShares Australia 200 or generate 0.0% return on investment in BetaShares Australia over 30 days. BetaShares Australia is related to or competes with SPDR SP, Vanguard Total, IShares Core, IShares Core, VanEck Vectors, VanEck Morningstar, and IShares Global. BetaShares Australia is entity of Australia More
BetaShares Australia Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BetaShares Australia's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BetaShares Australia 200 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6739 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.8868 |
BetaShares Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Australia's standard deviation. In reality, there are many statistical measures that can use BetaShares Australia historical prices to predict the future BetaShares Australia's volatility.| Risk Adjusted Performance | 0.0881 | |||
| Jensen Alpha | 0.0578 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 2.05 |
BetaShares Australia 200 Backtested Returns
Currently, BetaShares Australia 200 is very steady. BetaShares Australia 200 secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the etf had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for BetaShares Australia 200, which you can use to evaluate the volatility of the entity. Please confirm BetaShares Australia's Risk Adjusted Performance of 0.0881, mean deviation of 0.4562, and Downside Deviation of 0.6739 to double-check if the risk estimate we provide is consistent with the expected return of 0.0758%. The etf shows a Beta (market volatility) of 0.0299, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaShares Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Australia is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
BetaShares Australia 200 has poor predictability. Overlapping area represents the amount of predictability between BetaShares Australia time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BetaShares Australia 200 price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current BetaShares Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
BetaShares Australia 200 lagged returns against current returns
Autocorrelation, which is BetaShares Australia etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BetaShares Australia's etf expected returns. We can calculate the autocorrelation of BetaShares Australia returns to help us make a trade decision. For example, suppose you find that BetaShares Australia has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
BetaShares Australia regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BetaShares Australia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Australia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Australia etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Australia Lagged Returns
When evaluating BetaShares Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Australia etf have on its future price. BetaShares Australia autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BetaShares Australia autocorrelation shows the relationship between BetaShares Australia etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Australia 200.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Australia financial ratios help investors to determine whether BetaShares 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 BetaShares with respect to the benefits of owning BetaShares Australia security.