Betashares Australian's market value is the price at which a share of Betashares Australian trades on a public exchange. It measures the collective expectations of Betashares Australian Major investors about its performance. Betashares Australian is selling for under 25.54 as of the 28th of November 2024; that is 0.04 percent increase since the beginning of the trading day. The etf's last reported lowest price was 25.5. With this module, you can estimate the performance of a buy and hold strategy of Betashares Australian Major and determine expected loss or profit from investing in Betashares Australian over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Betashares
Betashares Australian '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 Australian'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 Australian.
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12/09/2022
No Change 0.00
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In 1 year 11 months and 21 days
11/28/2024
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If you would invest 0.00 in Betashares Australian on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Betashares Australian Major or generate 0.0% return on investment in Betashares Australian over 720 days.
Betashares Australian 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 Australian'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 Australian Major upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Betashares Australian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Betashares Australian's standard deviation. In reality, there are many statistical measures that can use Betashares Australian historical prices to predict the future Betashares Australian's volatility.
Currently, Betashares Australian Major is very steady. Betashares Australian secures Sharpe Ratio (or Efficiency) of 0.4, which signifies that the etf had a 0.4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Betashares Australian Major, which you can use to evaluate the volatility of the entity. Please confirm Betashares Australian's Mean Deviation of 0.0581, risk adjusted performance of 0.2104, and Coefficient Of Variation of 256.85 to double-check if the risk estimate we provide is consistent with the expected return of 0.0297%. The etf shows a Beta (market volatility) of -0.0137, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Betashares Australian are expected to decrease at a much lower rate. During the bear market, Betashares Australian is likely to outperform the market.
Auto-correlation
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No correlation between past and present
Betashares Australian Major has no correlation between past and present. Overlapping area represents the amount of predictability between Betashares Australian time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Australian price movement. The serial correlation of 0.0 indicates that just 0.0% of current Betashares Australian price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Betashares Australian lagged returns against current returns
Autocorrelation, which is Betashares Australian 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 Australian's etf expected returns. We can calculate the autocorrelation of Betashares Australian returns to help us make a trade decision. For example, suppose you find that Betashares Australian 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 Australian 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 Australian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Betashares Australian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Betashares Australian etf over time.
Current vs Lagged Prices
Timeline
Betashares Australian Lagged Returns
When evaluating Betashares Australian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Betashares Australian etf have on its future price. Betashares Australian 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 Australian autocorrelation shows the relationship between Betashares Australian etf current value and its past values and can show if there is a momentum factor associated with investing in Betashares Australian Major.
Regressed Prices
Timeline
Thematic Opportunities
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