BetaShares Global (Australia) Market Value
| BNKS Etf | 8.65 0.04 0.46% |
| Symbol | BetaShares |
BetaShares Global '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 Global'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 Global.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in BetaShares Global on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding BetaShares Global Banks or generate 0.0% return on investment in BetaShares Global over 180 days. BetaShares Global is related to or competes with BetaShares Australian, BetaShares Australian, BetaShares Geared, BetaShares Crude, and BetaShares Managed. BetaShares Global is entity of Australia More
BetaShares Global 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 Global'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 Global Banks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8655 | |||
| Information Ratio | 0.0523 | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 2.07 |
BetaShares Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Global's standard deviation. In reality, there are many statistical measures that can use BetaShares Global historical prices to predict the future BetaShares Global's volatility.| Risk Adjusted Performance | 0.1476 | |||
| Jensen Alpha | 0.1641 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | 0.0569 | |||
| Treynor Ratio | 3.65 |
BetaShares Global Banks Backtested Returns
Currently, BetaShares Global Banks is very steady. BetaShares Global Banks secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BetaShares Global Banks, which you can use to evaluate the volatility of the entity. Please confirm BetaShares Global's Mean Deviation of 0.6669, downside deviation of 0.8655, and Risk Adjusted Performance of 0.1476 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 0.0465, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaShares Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Global is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
BetaShares Global Banks has below average predictability. Overlapping area represents the amount of predictability between BetaShares Global time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Global Banks price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current BetaShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
BetaShares Global Banks lagged returns against current returns
Autocorrelation, which is BetaShares Global 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 Global's etf expected returns. We can calculate the autocorrelation of BetaShares Global returns to help us make a trade decision. For example, suppose you find that BetaShares Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Global etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Global Lagged Returns
When evaluating BetaShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Global etf have on its future price. BetaShares Global 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 Global autocorrelation shows the relationship between BetaShares Global etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Global Banks.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Global 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 Global security.