Brompton Flaherty Crumrine Etf Market Value
| BPRF Etf | CAD 22.97 0.15 0.65% |
| Symbol | Brompton |
Brompton Flaherty '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 Flaherty'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 Flaherty.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Brompton Flaherty on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Brompton Flaherty Crumrine or generate 0.0% return on investment in Brompton Flaherty over 30 days. Brompton Flaherty is related to or competes with BMO Europe, BMO Equal, and BMO Covered. The investment objectives of Brompton Flaherty Crumrine Investment Grade Preferred ETF are to provide holders of units o... More
Brompton Flaherty 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 Flaherty'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 Flaherty Crumrine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3574 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.49 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.6095 |
Brompton Flaherty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brompton Flaherty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brompton Flaherty's standard deviation. In reality, there are many statistical measures that can use Brompton Flaherty historical prices to predict the future Brompton Flaherty's volatility.| Risk Adjusted Performance | 0.0691 | |||
| Jensen Alpha | 0.0338 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.37) |
Brompton Flaherty Backtested Returns
As of now, Brompton Etf is very steady. Brompton Flaherty secures Sharpe Ratio (or Efficiency) of 0.0729, which signifies that the etf had a 0.0729% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Brompton Flaherty Crumrine, which you can use to evaluate the volatility of the entity. Please confirm Brompton Flaherty's Downside Deviation of 0.3574, risk adjusted performance of 0.0691, and Mean Deviation of 0.2565 to double-check if the risk estimate we provide is consistent with the expected return of 0.0249%. The etf shows a Beta (market volatility) of -0.0688, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brompton Flaherty are expected to decrease at a much lower rate. During the bear market, Brompton Flaherty is likely to outperform the market.
Auto-correlation | 0.19 |
Very weak predictability
Brompton Flaherty Crumrine has very weak predictability. Overlapping area represents the amount of predictability between Brompton Flaherty time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Flaherty price movement. The serial correlation of 0.19 indicates that over 19.0% of current Brompton Flaherty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brompton Flaherty lagged returns against current returns
Autocorrelation, which is Brompton Flaherty 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 Flaherty's etf expected returns. We can calculate the autocorrelation of Brompton Flaherty returns to help us make a trade decision. For example, suppose you find that Brompton Flaherty 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 Flaherty 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 Flaherty etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brompton Flaherty etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brompton Flaherty etf over time.
Current vs Lagged Prices |
| Timeline |
Brompton Flaherty Lagged Returns
When evaluating Brompton Flaherty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brompton Flaherty etf have on its future price. Brompton Flaherty 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 Flaherty autocorrelation shows the relationship between Brompton Flaherty etf current value and its past values and can show if there is a momentum factor associated with investing in Brompton Flaherty Crumrine.
Regressed Prices |
| Timeline |
Pair Trading with Brompton Flaherty
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 Flaherty 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 Flaherty will appreciate offsetting losses from the drop in the long position's value.Moving against Brompton Etf
The ability to find closely correlated positions to Brompton Flaherty 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 Flaherty 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 Flaherty - 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 Flaherty Crumrine to buy it.
The correlation of Brompton Flaherty 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 Flaherty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Flaherty 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 Flaherty 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 Flaherty 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 Flaherty security.