Guardian Directed Premium Etf Market Value

GDPY Etf  CAD 21.97  0.02  0.09%   
Guardian Directed's market value is the price at which a share of Guardian Directed trades on a public exchange. It measures the collective expectations of Guardian Directed Premium investors about its performance. Guardian Directed is selling at 21.97 as of the 30th of November 2024; that is 0.09 percent up since the beginning of the trading day. The etf's open price was 21.95.
With this module, you can estimate the performance of a buy and hold strategy of Guardian Directed Premium and determine expected loss or profit from investing in Guardian Directed over a given investment horizon. Check out Guardian Directed Correlation, Guardian Directed Volatility and Guardian Directed Alpha and Beta module to complement your research on Guardian Directed.
Symbol

Please note, there is a significant difference between Guardian Directed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guardian Directed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guardian Directed'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.

Guardian Directed '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 Guardian Directed'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 Guardian Directed.
0.00
10/31/2024
No Change 0.00  0.0 
In 31 days
11/30/2024
0.00
If you would invest  0.00  in Guardian Directed on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Guardian Directed Premium or generate 0.0% return on investment in Guardian Directed over 30 days. Guardian Directed is related to or competes with Guardian Directed, and CI Enhanced. GUARDIAN DIRECTED is traded on Toronto Stock Exchange in Canada. More

Guardian Directed 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 Guardian Directed'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 Guardian Directed Premium upside and downside potential and time the market with a certain degree of confidence.

Guardian Directed Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guardian Directed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guardian Directed's standard deviation. In reality, there are many statistical measures that can use Guardian Directed historical prices to predict the future Guardian Directed's volatility.
Hype
Prediction
LowEstimatedHigh
21.4021.9722.54
Details
Intrinsic
Valuation
LowRealHigh
21.1821.7522.32
Details
Naive
Forecast
LowNextHigh
21.6422.2122.78
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.9321.5522.17
Details

Guardian Directed Premium Backtested Returns

As of now, Guardian Etf is very steady. Guardian Directed Premium holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Guardian Directed Premium, which you can use to evaluate the volatility of the entity. Please check out Guardian Directed's market risk adjusted performance of 1.21, and Risk Adjusted Performance of 0.1439 to validate if the risk estimate we provide is consistent with the expected return of 0.0955%. The etf retains a Market Volatility (i.e., Beta) of 0.0831, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guardian Directed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guardian Directed is expected to be smaller as well.

Auto-correlation

    
  0.43  

Average predictability

Guardian Directed Premium has average predictability. Overlapping area represents the amount of predictability between Guardian Directed time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Guardian Directed Premium price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Guardian Directed price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.29
Residual Average0.0
Price Variance0.1

Guardian Directed Premium lagged returns against current returns

Autocorrelation, which is Guardian Directed 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 Guardian Directed's etf expected returns. We can calculate the autocorrelation of Guardian Directed returns to help us make a trade decision. For example, suppose you find that Guardian Directed 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  

Guardian Directed 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 Guardian Directed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guardian Directed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guardian Directed etf over time.
   Current vs Lagged Prices   
       Timeline  

Guardian Directed Lagged Returns

When evaluating Guardian Directed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guardian Directed etf have on its future price. Guardian Directed 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, Guardian Directed autocorrelation shows the relationship between Guardian Directed etf current value and its past values and can show if there is a momentum factor associated with investing in Guardian Directed Premium.
   Regressed Prices   
       Timeline  

Pair Trading with Guardian Directed

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 Guardian Directed 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 Guardian Directed will appreciate offsetting losses from the drop in the long position's value.

Moving together with Guardian Etf

  0.96XEQT iShares Core EquityPairCorr
  0.96XAW iShares Core MSCIPairCorr
  0.94DXG Dynamic Active GlobalPairCorr
  0.96VXC Vanguard FTSE GlobalPairCorr
  0.96XWD iShares MSCI WorldPairCorr

Moving against Guardian Etf

  0.49HHL-B Harvest HealthcarePairCorr
The ability to find closely correlated positions to Guardian Directed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian Directed 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 Guardian Directed - 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 Guardian Directed Premium to buy it.
The correlation of Guardian Directed 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 Guardian Directed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Directed Premium 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 Guardian Directed 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Guardian Etf

Guardian Directed financial ratios help investors to determine whether Guardian 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 Guardian with respect to the benefits of owning Guardian Directed security.