Brompton North American Etf Market Value
| BFIN Etf | CAD 26.27 0.07 0.27% |
| Symbol | Brompton |
Brompton North '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 Brompton North'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 Brompton North.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Brompton North on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Brompton North American or generate 0.0% return on investment in Brompton North over 180 days. Brompton North is related to or competes with Brompton Global, Tech Leaders, Global Healthcare, and Brompton Flaherty. The investment objectives of Brompton North American Financials Dividend ETF are to provide Unitholders with stable mont... More
Brompton North 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 Brompton North'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 Brompton North American upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.793 | |||
| Information Ratio | 0.1155 | |||
| Maximum Drawdown | 9.02 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.83 |
Brompton North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brompton North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brompton North's standard deviation. In reality, there are many statistical measures that can use Brompton North historical prices to predict the future Brompton North's volatility.| Risk Adjusted Performance | 0.1739 | |||
| Jensen Alpha | 0.152 | |||
| Total Risk Alpha | 0.0613 | |||
| Sortino Ratio | 0.1881 | |||
| Treynor Ratio | 0.283 |
Brompton North American Backtested Returns
Brompton North appears to be very steady, given 3 months investment horizon. Brompton North American secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the etf had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Brompton North American, which you can use to evaluate the volatility of the entity. Please makes use of Brompton North's Downside Deviation of 0.793, risk adjusted performance of 0.1739, and Mean Deviation of 0.8198 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Brompton North returns are very sensitive to returns on the market. As the market goes up or down, Brompton North is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Brompton North American has good predictability. Overlapping area represents the amount of predictability between Brompton North time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Brompton North American price movement. The serial correlation of 0.7 indicates that around 70.0% of current Brompton North price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.29 |
Brompton North American lagged returns against current returns
Autocorrelation, which is Brompton North 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 Brompton North's etf expected returns. We can calculate the autocorrelation of Brompton North returns to help us make a trade decision. For example, suppose you find that Brompton North 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 |
Brompton North 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 Brompton North etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brompton North etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brompton North etf over time.
Current vs Lagged Prices |
| Timeline |
Brompton North Lagged Returns
When evaluating Brompton North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brompton North etf have on its future price. Brompton North 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, Brompton North autocorrelation shows the relationship between Brompton North etf current value and its past values and can show if there is a momentum factor associated with investing in Brompton North American.
Regressed Prices |
| Timeline |
Pair Trading with Brompton North
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 Brompton North 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 Brompton North will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Etf
| 0.89 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.93 | XFN | iShares SPTSX Capped | PairCorr |
| 0.97 | ZBK | BMO Equal Weight | PairCorr |
| 0.84 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.97 | ZUB | BMO Equal Weight | PairCorr |
Moving against Brompton Etf
| 0.92 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.88 | HIU | BetaPro SP 500 | PairCorr |
| 0.84 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.4 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to Brompton North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton North 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 Brompton North - 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 Brompton North American to buy it.
The correlation of Brompton North 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 Brompton North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton North American 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 Brompton North 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 Brompton Etf
Brompton North financial ratios help investors to determine whether Brompton 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 Brompton with respect to the benefits of owning Brompton North security.