MegaShort Canadian's market value is the price at which a share of MegaShort Canadian trades on a public exchange. It measures the collective expectations of MegaShort Canadian Gold investors about its performance. MegaShort Canadian is selling at 1.06 as of the 23rd of January 2026; that is 5.36 percent decrease since the beginning of the trading day. The etf's open price was 1.12. With this module, you can estimate the performance of a buy and hold strategy of MegaShort Canadian Gold and determine expected loss or profit from investing in MegaShort Canadian 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 employment.
Symbol
MegaShort
MegaShort Canadian '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 MegaShort Canadian'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 MegaShort Canadian.
0.00
10/25/2025
No Change 0.00
0.0
In 3 months and 1 day
01/23/2026
0.00
If you would invest 0.00 in MegaShort Canadian on October 25, 2025 and sell it all today you would earn a total of 0.00 from holding MegaShort Canadian Gold or generate 0.0% return on investment in MegaShort Canadian over 90 days.
MegaShort Canadian 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 MegaShort Canadian'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 MegaShort Canadian Gold 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 MegaShort Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MegaShort Canadian's standard deviation. In reality, there are many statistical measures that can use MegaShort Canadian historical prices to predict the future MegaShort Canadian's volatility.
MegaShort Canadian Gold has Sharpe Ratio of -0.32, which conveys that the entity had a -0.32 % return per unit of risk over the last 3 months. MegaShort Canadian exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MegaShort Canadian's Standard Deviation of 7.67, risk adjusted performance of (0.12), and Mean Deviation of 5.3 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.74, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MegaShort Canadian are expected to decrease at a much lower rate. During the bear market, MegaShort Canadian is likely to outperform the market.
Auto-correlation
0.87
Very good predictability
MegaShort Canadian Gold has very good predictability. Overlapping area represents the amount of predictability between MegaShort Canadian time series from 25th of October 2025 to 9th of December 2025 and 9th of December 2025 to 23rd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MegaShort Canadian Gold price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current MegaShort Canadian price fluctuation can be explain by its past prices.
Correlation Coefficient
0.87
Spearman Rank Test
0.87
Residual Average
0.0
Price Variance
0.15
Pair Trading with MegaShort Canadian
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 MegaShort Canadian 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 MegaShort Canadian will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to MegaShort Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MegaShort Canadian 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 MegaShort Canadian - 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 MegaShort Canadian Gold to buy it.
The correlation of MegaShort Canadian 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 MegaShort Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MegaShort Canadian Gold 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 MegaShort Canadian 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.