Betashares Geared (Australia) Market Value
| GGFD Etf | 19.05 0.01 0.05% |
| Symbol | Betashares |
Please note, there is a significant difference between Betashares Geared's value and its price as these two are different measures arrived at by different means. Investors typically determine if Betashares Geared is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Betashares Geared'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 Geared '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 Geared'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 Geared.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Betashares Geared on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Betashares Geared Long or generate 0.0% return on investment in Betashares Geared over 30 days. Betashares Geared is related to or competes with Betashares Australian, and Betashares Equities. Betashares Geared is entity of Australia More
Betashares Geared 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 Geared'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 Geared Long upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.31 |
Betashares Geared Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Betashares Geared's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Betashares Geared's standard deviation. In reality, there are many statistical measures that can use Betashares Geared historical prices to predict the future Betashares Geared's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.9305 |
Betashares Geared Long Backtested Returns
Betashares Geared Long secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the etf had a -0.22% return per unit of risk over the last 3 months. Betashares Geared Long exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Betashares Geared's Standard Deviation of 1.01, risk adjusted performance of (0.15), and Mean Deviation of 0.736 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Betashares Geared are expected to decrease at a much lower rate. During the bear market, Betashares Geared is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
Betashares Geared Long has very weak predictability. Overlapping area represents the amount of predictability between Betashares Geared time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Geared Long price movement. The serial correlation of 0.16 indicates that over 16.0% of current Betashares Geared price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Betashares Geared Long lagged returns against current returns
Autocorrelation, which is Betashares Geared 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 Geared's etf expected returns. We can calculate the autocorrelation of Betashares Geared returns to help us make a trade decision. For example, suppose you find that Betashares Geared 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 Geared 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 Geared etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Betashares Geared etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Betashares Geared etf over time.
Current vs Lagged Prices |
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Betashares Geared Lagged Returns
When evaluating Betashares Geared's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Betashares Geared etf have on its future price. Betashares Geared 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 Geared autocorrelation shows the relationship between Betashares Geared etf current value and its past values and can show if there is a momentum factor associated with investing in Betashares Geared Long.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Betashares Etf
Betashares Geared 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 Geared security.