Exemplar Growth And Etf Market Value
| EGIF Etf | CAD 22.90 0.00 0.00% |
| Symbol | Exemplar |
Exemplar Growth '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 Exemplar Growth'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 Exemplar Growth.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Exemplar Growth on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Exemplar Growth and or generate 0.0% return on investment in Exemplar Growth over 720 days. Exemplar Growth is related to or competes with Purpose International, Purpose Premium, Purpose Monthly, Purpose Total, and Purpose Core. The investment objective of the Exemplar Growth and Income Fund is to achieve long term growth and preservation of capit... More
Exemplar Growth 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 Exemplar Growth'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 Exemplar Growth and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.3 | |||
| Potential Upside | 1.04 |
Exemplar Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exemplar Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exemplar Growth's standard deviation. In reality, there are many statistical measures that can use Exemplar Growth historical prices to predict the future Exemplar Growth's volatility.| Risk Adjusted Performance | 0.1739 | |||
| Jensen Alpha | 0.0863 | |||
| Total Risk Alpha | 0.03 | |||
| Treynor Ratio | (1.14) |
Exemplar Growth Backtested Returns
As of now, Exemplar Etf is very steady. Exemplar Growth secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the etf had a 0.26% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Exemplar Growth and, which you can use to evaluate the volatility of the entity. Please confirm Exemplar Growth's Mean Deviation of 0.1836, standard deviation of 0.3509, and Variance of 0.1232 to check if the risk estimate we provide is consistent with the expected return of 0.0949%. The etf shows a Beta (market volatility) of -0.0694, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Exemplar Growth are expected to decrease at a much lower rate. During the bear market, Exemplar Growth is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
Exemplar Growth and has good reverse predictability. Overlapping area represents the amount of predictability between Exemplar Growth time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 Exemplar Growth price movement. The serial correlation of -0.51 indicates that about 51.0% of current Exemplar Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Exemplar Growth lagged returns against current returns
Autocorrelation, which is Exemplar Growth 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 Exemplar Growth's etf expected returns. We can calculate the autocorrelation of Exemplar Growth returns to help us make a trade decision. For example, suppose you find that Exemplar Growth 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 |
Exemplar Growth 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 Exemplar Growth etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exemplar Growth etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exemplar Growth etf over time.
Current vs Lagged Prices |
| Timeline |
Exemplar Growth Lagged Returns
When evaluating Exemplar Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exemplar Growth etf have on its future price. Exemplar Growth 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, Exemplar Growth autocorrelation shows the relationship between Exemplar Growth etf current value and its past values and can show if there is a momentum factor associated with investing in Exemplar Growth and.
Regressed Prices |
| Timeline |
Pair Trading with Exemplar Growth
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 Exemplar Growth 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 Exemplar Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Exemplar Etf
Moving against Exemplar Etf
The ability to find closely correlated positions to Exemplar Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exemplar Growth 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 Exemplar Growth - 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 Exemplar Growth and to buy it.
The correlation of Exemplar Growth 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 Exemplar Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exemplar Growth 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 Exemplar Growth 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 Exemplar Etf
Exemplar Growth financial ratios help investors to determine whether Exemplar 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 Exemplar with respect to the benefits of owning Exemplar Growth security.