Flaherty Crumrine Investment Etf Market Value
| FFI-UN Etf | CAD 12.54 0.00 0.00% |
| Symbol | Flaherty |
Flaherty Crumrine '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 Flaherty Crumrine'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 Flaherty Crumrine.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Flaherty Crumrine on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Flaherty Crumrine Investment or generate 0.0% return on investment in Flaherty Crumrine over 720 days. Flaherty Crumrine is related to or competes with BetaPro SPTSX, BetaPro SPTSX, BetaPro SP, BetaPro NASDAQ, First Trust, and Blockchain Technologies. Flaherty Crumrine Investment Grade Fixed Income Fund is a closed ended fixed income mutual fund launched by Brompton Fun... More
Flaherty Crumrine 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 Flaherty Crumrine'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 Flaherty Crumrine Investment upside and downside potential and time the market with a certain degree of confidence.
Flaherty Crumrine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flaherty Crumrine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flaherty Crumrine's standard deviation. In reality, there are many statistical measures that can use Flaherty Crumrine historical prices to predict the future Flaherty Crumrine's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Flaherty Crumrine's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Flaherty Crumrine Backtested Returns
We have found three technical indicators for Flaherty Crumrine Investment, which you can use to evaluate the volatility of the entity. The etf shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Flaherty Crumrine are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Flaherty Crumrine Investment has perfect predictability. Overlapping area represents the amount of predictability between Flaherty Crumrine time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Flaherty Crumrine price movement. The serial correlation of 1.0 indicates that 100.0% of current Flaherty Crumrine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Flaherty Crumrine lagged returns against current returns
Autocorrelation, which is Flaherty Crumrine 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 Flaherty Crumrine's etf expected returns. We can calculate the autocorrelation of Flaherty Crumrine returns to help us make a trade decision. For example, suppose you find that Flaherty Crumrine 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 |
Flaherty Crumrine 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 Flaherty Crumrine etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flaherty Crumrine etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flaherty Crumrine etf over time.
Current vs Lagged Prices |
| Timeline |
Flaherty Crumrine Lagged Returns
When evaluating Flaherty Crumrine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flaherty Crumrine etf have on its future price. Flaherty Crumrine 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, Flaherty Crumrine autocorrelation shows the relationship between Flaherty Crumrine etf current value and its past values and can show if there is a momentum factor associated with investing in Flaherty Crumrine Investment.
Regressed Prices |
| Timeline |
Pair Trading with Flaherty Crumrine
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 Flaherty Crumrine 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 Flaherty Crumrine will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Flaherty Crumrine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flaherty Crumrine 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 Flaherty Crumrine - 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 Flaherty Crumrine Investment to buy it.
The correlation of Flaherty Crumrine 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 Flaherty Crumrine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flaherty Crumrine 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 Flaherty Crumrine 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 Flaherty Etf
Flaherty Crumrine financial ratios help investors to determine whether Flaherty 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 Flaherty with respect to the benefits of owning Flaherty Crumrine security.