Betashares Equities (Australia) Market Value
| BBUS Etf | 4.21 0.02 0.48% |
| Symbol | Betashares |
Betashares Equities '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 Equities' 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 Equities.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Betashares Equities on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Betashares Equities Strong or generate 0.0% return on investment in Betashares Equities over 570 days. Betashares Equities is related to or competes with Champion Iron, Perpetual Credit, Talisman Mining, Tombador Iron, Gratifii, Kinatico, and Australian Agricultural. Betashares Equities is entity of Australia More
Betashares Equities 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 Equities' 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 Equities Strong upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.37 |
Betashares Equities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Betashares Equities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Betashares Equities' standard deviation. In reality, there are many statistical measures that can use Betashares Equities historical prices to predict the future Betashares Equities' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.1534 |
Betashares Equities Backtested Returns
Betashares Equities secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the etf had a -0.1% return per unit of risk over the last 3 months. Betashares Equities Strong exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Betashares Equities' Standard Deviation of 1.69, mean deviation of 1.21, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -1.43, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Betashares Equities are expected to decrease by larger amounts. On the other hand, during market turmoil, Betashares Equities is expected to outperform it.
Auto-correlation | 0.61 |
Good predictability
Betashares Equities Strong has good predictability. Overlapping area represents the amount of predictability between Betashares Equities time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Equities price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Betashares Equities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Betashares Equities lagged returns against current returns
Autocorrelation, which is Betashares Equities 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 Equities' etf expected returns. We can calculate the autocorrelation of Betashares Equities returns to help us make a trade decision. For example, suppose you find that Betashares Equities 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 Equities 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 Equities etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Betashares Equities etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Betashares Equities etf over time.
Current vs Lagged Prices |
| Timeline |
Betashares Equities Lagged Returns
When evaluating Betashares Equities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Betashares Equities etf have on its future price. Betashares Equities 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 Equities autocorrelation shows the relationship between Betashares Equities etf current value and its past values and can show if there is a momentum factor associated with investing in Betashares Equities Strong.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Betashares Etf
Betashares Equities 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 Equities security.