BetaShares Cloud (Australia) Market Value
| CLDD Etf | 14.81 0.09 0.60% |
| Symbol | BetaShares |
Please note, there is a significant difference between BetaShares Cloud's value and its price as these two are different measures arrived at by different means. Investors typically determine if BetaShares Cloud is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BetaShares Cloud's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BetaShares Cloud '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 Cloud'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 Cloud.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in BetaShares Cloud on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding BetaShares Cloud Computing or generate 0.0% return on investment in BetaShares Cloud over 30 days. BetaShares Cloud is related to or competes with BetaShares Geared, BetaShares Global, IShares China, and Russell Australian. BetaShares Cloud is entity of Australia. It is traded as Etf on AU exchange. More
BetaShares Cloud 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 Cloud'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 Cloud Computing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.1959 | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 2.21 |
BetaShares Cloud Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Cloud's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Cloud's standard deviation. In reality, there are many statistical measures that can use BetaShares Cloud historical prices to predict the future BetaShares Cloud's volatility.| Risk Adjusted Performance | 0.23 | |||
| Jensen Alpha | 0.3038 | |||
| Total Risk Alpha | 0.1707 | |||
| Sortino Ratio | 0.2405 | |||
| Treynor Ratio | 0.6195 |
BetaShares Cloud Com Backtested Returns
BetaShares Cloud appears to be very steady, given 3 months investment horizon. BetaShares Cloud Com secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the etf had a 0.31% return per unit of risk over the last 3 months. We have found thirty technical indicators for BetaShares Cloud Computing, which you can use to evaluate the volatility of the entity. Please makes use of BetaShares Cloud's Downside Deviation of 1.07, risk adjusted performance of 0.23, and Mean Deviation of 0.9067 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BetaShares Cloud's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Cloud is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
BetaShares Cloud Computing has very good predictability. Overlapping area represents the amount of predictability between BetaShares Cloud time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Cloud Com price movement. The serial correlation of 0.84 indicates that around 84.0% of current BetaShares Cloud price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
BetaShares Cloud Com lagged returns against current returns
Autocorrelation, which is BetaShares Cloud 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 Cloud's etf expected returns. We can calculate the autocorrelation of BetaShares Cloud returns to help us make a trade decision. For example, suppose you find that BetaShares Cloud 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 Cloud 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 Cloud etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Cloud etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Cloud etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Cloud Lagged Returns
When evaluating BetaShares Cloud's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Cloud etf have on its future price. BetaShares Cloud 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 Cloud autocorrelation shows the relationship between BetaShares Cloud etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Cloud Computing.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Cloud 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 Cloud security.