Accelerate Onechoice Alternative Etf Market Value
| ONEC Etf | CAD 23.48 0.11 0.47% |
| Symbol | Accelerate |
Accelerate OneChoice '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 Accelerate OneChoice'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 Accelerate OneChoice.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Accelerate OneChoice on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Accelerate OneChoice Alternative or generate 0.0% return on investment in Accelerate OneChoice over 390 days. Accelerate OneChoice is related to or competes with Accelerate Arbitrage, Accelerate Absolute, NBI High, NBI Unconstrained, Mackenzie Developed, and BMO Short. ACCELERATE ONECHOICE is traded on Toronto Stock Exchange in Canada. More
Accelerate OneChoice 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 Accelerate OneChoice'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 Accelerate OneChoice Alternative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3558 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.5856 |
Accelerate OneChoice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accelerate OneChoice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accelerate OneChoice's standard deviation. In reality, there are many statistical measures that can use Accelerate OneChoice historical prices to predict the future Accelerate OneChoice's volatility.| Risk Adjusted Performance | 0.193 | |||
| Jensen Alpha | 0.0748 | |||
| Total Risk Alpha | 0.0268 | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.8143 |
Accelerate OneChoice Backtested Returns
As of now, Accelerate Etf is very steady. Accelerate OneChoice secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the etf had a 0.28% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Accelerate OneChoice Alternative, which you can use to evaluate the volatility of the entity. Please confirm Accelerate OneChoice's risk adjusted performance of 0.193, and Mean Deviation of 0.2735 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The etf shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Accelerate OneChoice's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accelerate OneChoice is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Accelerate OneChoice Alternative has excellent predictability. Overlapping area represents the amount of predictability between Accelerate OneChoice time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Accelerate OneChoice price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Accelerate OneChoice price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Accelerate OneChoice lagged returns against current returns
Autocorrelation, which is Accelerate OneChoice 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 Accelerate OneChoice's etf expected returns. We can calculate the autocorrelation of Accelerate OneChoice returns to help us make a trade decision. For example, suppose you find that Accelerate OneChoice 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 |
Accelerate OneChoice 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 Accelerate OneChoice etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accelerate OneChoice etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accelerate OneChoice etf over time.
Current vs Lagged Prices |
| Timeline |
Accelerate OneChoice Lagged Returns
When evaluating Accelerate OneChoice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accelerate OneChoice etf have on its future price. Accelerate OneChoice 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, Accelerate OneChoice autocorrelation shows the relationship between Accelerate OneChoice etf current value and its past values and can show if there is a momentum factor associated with investing in Accelerate OneChoice Alternative.
Regressed Prices |
| Timeline |
Pair Trading with Accelerate OneChoice
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 Accelerate OneChoice 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 Accelerate OneChoice will appreciate offsetting losses from the drop in the long position's value.Moving together with Accelerate Etf
Moving against Accelerate Etf
The ability to find closely correlated positions to Accelerate OneChoice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accelerate OneChoice 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 Accelerate OneChoice - 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 Accelerate OneChoice Alternative to buy it.
The correlation of Accelerate OneChoice 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 Accelerate OneChoice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accelerate OneChoice 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 Accelerate OneChoice 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 Accelerate Etf
Accelerate OneChoice financial ratios help investors to determine whether Accelerate 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 Accelerate with respect to the benefits of owning Accelerate OneChoice security.