BetaShares Diversified (Australia) Market Value
| DHHF Etf | 36.06 0.16 0.45% |
| Symbol | BetaShares |
Please note, there is a significant difference between BetaShares Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if BetaShares Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BetaShares Diversified'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 Diversified '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 Diversified'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 Diversified.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in BetaShares Diversified on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding BetaShares Diversified High or generate 0.0% return on investment in BetaShares Diversified over 720 days. BetaShares Diversified is related to or competes with IShares Global, Ridley, Adriatic Metals, and Australian Agricultural. BetaShares Diversified is entity of Australia More
BetaShares Diversified 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 Diversified'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 Diversified High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4636 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.8855 |
BetaShares Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Diversified's standard deviation. In reality, there are many statistical measures that can use BetaShares Diversified historical prices to predict the future BetaShares Diversified's volatility.| Risk Adjusted Performance | 0.129 | |||
| Jensen Alpha | 0.0607 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.4328 |
BetaShares Diversified Backtested Returns
Currently, BetaShares Diversified High is very steady. BetaShares Diversified secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for BetaShares Diversified High, which you can use to evaluate the volatility of the entity. Please confirm BetaShares Diversified's Mean Deviation of 0.399, risk adjusted performance of 0.129, and Downside Deviation of 0.4636 to double-check if the risk estimate we provide is consistent with the expected return of 0.0946%. The etf shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaShares Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Diversified is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
BetaShares Diversified High has good predictability. Overlapping area represents the amount of predictability between BetaShares Diversified time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Diversified price movement. The serial correlation of 0.79 indicates that around 79.0% of current BetaShares Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
BetaShares Diversified lagged returns against current returns
Autocorrelation, which is BetaShares Diversified 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 Diversified's etf expected returns. We can calculate the autocorrelation of BetaShares Diversified returns to help us make a trade decision. For example, suppose you find that BetaShares Diversified 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 Diversified 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 Diversified etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Diversified etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Diversified etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Diversified Lagged Returns
When evaluating BetaShares Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Diversified etf have on its future price. BetaShares Diversified 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 Diversified autocorrelation shows the relationship between BetaShares Diversified etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Diversified High.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Diversified 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 Diversified security.