Energy Leaders Plus Etf Market Value
| HPF Etf | CAD 3.32 0.05 1.48% |
| Symbol | Energy |
Energy Leaders '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 Energy Leaders' 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 Energy Leaders.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Energy Leaders on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Energy Leaders Plus or generate 0.0% return on investment in Energy Leaders over 30 days. Energy Leaders is related to or competes with IShares SPTSX, IShares SPTSX, IShares SPTSX, IShares SPTSX, and IShares SPTSX. The ETFs investment objective is to provide Unitholders with monthly cash distributions the opportunity for capital appr... More
Energy Leaders 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 Energy Leaders' 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 Energy Leaders Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 1.57 |
Energy Leaders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Leaders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Leaders' standard deviation. In reality, there are many statistical measures that can use Energy Leaders historical prices to predict the future Energy Leaders' volatility.| Risk Adjusted Performance | 0.0229 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0943 |
Energy Leaders Plus Backtested Returns
As of now, Energy Etf is somewhat reliable. Energy Leaders Plus secures Sharpe Ratio (or Efficiency) of 0.0056, which denotes the etf had a 0.0056% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Energy Leaders Plus, which you can use to evaluate the volatility of the entity. Please confirm Energy Leaders' Downside Deviation of 1.34, coefficient of variation of 3881.9, and Mean Deviation of 0.8945 to check if the risk estimate we provide is consistent with the expected return of 0.0064%. The etf shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Energy Leaders' returns are expected to increase less than the market. However, during the bear market, the loss of holding Energy Leaders is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Energy Leaders Plus has good predictability. Overlapping area represents the amount of predictability between Energy Leaders time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Energy Leaders Plus price movement. The serial correlation of 0.73 indicates that around 73.0% of current Energy Leaders price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Energy Leaders Plus lagged returns against current returns
Autocorrelation, which is Energy Leaders 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 Energy Leaders' etf expected returns. We can calculate the autocorrelation of Energy Leaders returns to help us make a trade decision. For example, suppose you find that Energy Leaders 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 |
Energy Leaders 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 Energy Leaders etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Leaders etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Leaders etf over time.
Current vs Lagged Prices |
| Timeline |
Energy Leaders Lagged Returns
When evaluating Energy Leaders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Leaders etf have on its future price. Energy Leaders 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, Energy Leaders autocorrelation shows the relationship between Energy Leaders etf current value and its past values and can show if there is a momentum factor associated with investing in Energy Leaders Plus.
Regressed Prices |
| Timeline |
Pair Trading with Energy Leaders
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 Energy Leaders 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 Energy Leaders will appreciate offsetting losses from the drop in the long position's value.Moving together with Energy Etf
| 0.93 | XEG | iShares SPTSX Capped | PairCorr |
| 0.75 | ZEO | BMO Equal Weight | PairCorr |
| 0.92 | NXF | First Asset Energy | PairCorr |
| 0.93 | HXE | Global X SPTSX | PairCorr |
The ability to find closely correlated positions to Energy Leaders could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Leaders 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 Energy Leaders - 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 Energy Leaders Plus to buy it.
The correlation of Energy Leaders 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 Energy Leaders moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Leaders Plus 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 Energy Leaders 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 Energy Etf
Energy Leaders financial ratios help investors to determine whether Energy 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 Energy with respect to the benefits of owning Energy Leaders security.