Betashares Asia (Australia) Market Value
| ASIA Etf | 9.61 0.01 0.10% |
| Symbol | Betashares |
Betashares Asia '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 Asia'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 Asia.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Betashares Asia on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Betashares Asia Technology or generate 0.0% return on investment in Betashares Asia over 30 days. Betashares Asia is related to or competes with BetaShares Australia, Australian High, and Vanguard Australian. Betashares Asia is entity of Australia. It is traded as Etf on AU exchange. More
Betashares Asia 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 Asia'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 Asia Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 9.0E-4 | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.86 |
Betashares Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Betashares Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Betashares Asia's standard deviation. In reality, there are many statistical measures that can use Betashares Asia historical prices to predict the future Betashares Asia's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.123 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0012 | |||
| Treynor Ratio | (11.71) |
Betashares Asia Tech Backtested Returns
Currently, Betashares Asia Technology is not too volatile. Betashares Asia Tech secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Betashares Asia Technology, which you can use to evaluate the volatility of the entity. Please confirm Betashares Asia's Mean Deviation of 0.9919, downside deviation of 1.18, and Risk Adjusted Performance of 0.074 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf shows a Beta (market volatility) of -0.0104, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Betashares Asia are expected to decrease at a much lower rate. During the bear market, Betashares Asia is likely to outperform the market.
Auto-correlation | -0.27 |
Weak reverse predictability
Betashares Asia Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Betashares Asia 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 Asia Tech price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Betashares Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Betashares Asia Tech lagged returns against current returns
Autocorrelation, which is Betashares Asia 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 Asia's etf expected returns. We can calculate the autocorrelation of Betashares Asia returns to help us make a trade decision. For example, suppose you find that Betashares Asia 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 Asia 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 Asia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Betashares Asia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Betashares Asia etf over time.
Current vs Lagged Prices |
| Timeline |
Betashares Asia Lagged Returns
When evaluating Betashares Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Betashares Asia etf have on its future price. Betashares Asia 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 Asia autocorrelation shows the relationship between Betashares Asia etf current value and its past values and can show if there is a momentum factor associated with investing in Betashares Asia Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Betashares Etf
Betashares Asia 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 Asia security.