Australian Reit Income Etf Market Value
| HRR-UN Etf | CAD 7.90 0.00 0.00% |
| Symbol | Australian |
Australian REIT '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 Australian REIT'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 Australian REIT.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Australian REIT on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Australian REIT Income or generate 0.0% return on investment in Australian REIT over 30 days. Australian REIT is related to or competes with Melcor Real, Dream Impact, Blue Ribbon, Canadian High, and Big Pharma. Australian REIT Income Fund is an equity mutual fund launched by Harvest Portfolios Group Inc More
Australian REIT 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 Australian REIT'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 Australian REIT Income upside and downside potential and time the market with a certain degree of confidence.
Australian REIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australian REIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australian REIT's standard deviation. In reality, there are many statistical measures that can use Australian REIT historical prices to predict the future Australian REIT's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Australian REIT'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.
Australian REIT Income Backtested Returns
We have found three technical indicators for Australian REIT Income, which you can use to evaluate the volatility of the entity. The etf shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Australian REIT are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Australian REIT Income has no correlation between past and present. Overlapping area represents the amount of predictability between Australian REIT 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 Australian REIT Income price movement. The serial correlation of 0.0 indicates that just 0.0% of current Australian REIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Australian REIT Income lagged returns against current returns
Autocorrelation, which is Australian REIT 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 Australian REIT's etf expected returns. We can calculate the autocorrelation of Australian REIT returns to help us make a trade decision. For example, suppose you find that Australian REIT 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 |
Australian REIT 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 Australian REIT etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australian REIT etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australian REIT etf over time.
Current vs Lagged Prices |
| Timeline |
Australian REIT Lagged Returns
When evaluating Australian REIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australian REIT etf have on its future price. Australian REIT 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, Australian REIT autocorrelation shows the relationship between Australian REIT etf current value and its past values and can show if there is a momentum factor associated with investing in Australian REIT Income.
Regressed Prices |
| Timeline |
Pair Trading with Australian REIT
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 Australian REIT 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 Australian REIT will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Australian REIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Australian REIT 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 Australian REIT - 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 Australian REIT Income to buy it.
The correlation of Australian REIT 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 Australian REIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Australian REIT Income 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 Australian REIT 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 Australian Etf
Australian REIT financial ratios help investors to determine whether Australian 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 Australian with respect to the benefits of owning Australian REIT security.