Nbi Liquid Alternatives Etf Market Value
| NALT Etf | CAD 22.51 0.12 0.53% |
| Symbol | NBI |
NBI Liquid '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 NBI Liquid'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 NBI Liquid.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in NBI Liquid on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding NBI Liquid Alternatives or generate 0.0% return on investment in NBI Liquid over 30 days. NBI Liquid is related to or competes with AGFiQ Market, Purpose Diversified, and Desjardins Alt. The NBI ETFs investment objective is to provide a positive return while maintaining low correlation to, and lower volati... More
NBI Liquid 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 NBI Liquid'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 NBI Liquid Alternatives upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6165 | |||
| Information Ratio | 0.0091 | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.22 |
NBI Liquid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBI Liquid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBI Liquid's standard deviation. In reality, there are many statistical measures that can use NBI Liquid historical prices to predict the future NBI Liquid's volatility.| Risk Adjusted Performance | 0.0105 | |||
| Jensen Alpha | (0.0001) | |||
| Total Risk Alpha | 0.0042 | |||
| Sortino Ratio | 0.0085 | |||
| Treynor Ratio | (0) |
NBI Liquid Alternatives Backtested Returns
As of now, NBI Etf is very steady. NBI Liquid Alternatives has Sharpe Ratio of 0.0627, which conveys that the etf had a 0.0627 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for NBI Liquid, which you can use to evaluate the volatility of the entity. Please verify NBI Liquid's Mean Deviation of 0.4164, market risk adjusted performance of 0.0064, and Downside Deviation of 0.6165 to check out if the risk estimate we provide is consistent with the expected return of 0.036%. The entity secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NBI Liquid are expected to decrease at a much lower rate. During the bear market, NBI Liquid is likely to outperform the market.
Auto-correlation | 0.29 |
Poor predictability
NBI Liquid Alternatives has poor predictability. Overlapping area represents the amount of predictability between NBI Liquid time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NBI Liquid Alternatives price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current NBI Liquid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
NBI Liquid Alternatives lagged returns against current returns
Autocorrelation, which is NBI Liquid 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 NBI Liquid's etf expected returns. We can calculate the autocorrelation of NBI Liquid returns to help us make a trade decision. For example, suppose you find that NBI Liquid 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 |
NBI Liquid 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 NBI Liquid etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBI Liquid etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBI Liquid etf over time.
Current vs Lagged Prices |
| Timeline |
NBI Liquid Lagged Returns
When evaluating NBI Liquid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBI Liquid etf have on its future price. NBI Liquid 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, NBI Liquid autocorrelation shows the relationship between NBI Liquid etf current value and its past values and can show if there is a momentum factor associated with investing in NBI Liquid Alternatives.
Regressed Prices |
| Timeline |
Pair Trading with NBI Liquid
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 NBI Liquid 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 NBI Liquid will appreciate offsetting losses from the drop in the long position's value.Moving together with NBI Etf
The ability to find closely correlated positions to NBI Liquid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NBI Liquid 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 NBI Liquid - 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 NBI Liquid Alternatives to buy it.
The correlation of NBI Liquid 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 NBI Liquid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NBI Liquid Alternatives 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 NBI Liquid 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 NBI Etf
NBI Liquid financial ratios help investors to determine whether NBI 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 NBI with respect to the benefits of owning NBI Liquid security.