BetaShares Crude (Australia) Market Value
| OOO Etf | 5.41 0.09 1.69% |
| Symbol | BetaShares |
BetaShares Crude '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 Crude'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 Crude.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in BetaShares Crude on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding BetaShares Crude Oil or generate 0.0% return on investment in BetaShares Crude over 480 days. BetaShares Crude is related to or competes with BetaShares Australian, BetaShares Australian, BetaShares Geared, BetaShares Managed. BetaShares Crude is entity of Australia. It is traded as Etf on AU exchange. More
BetaShares Crude 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 Crude'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 Crude Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.09 |
BetaShares Crude Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Crude's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Crude's standard deviation. In reality, there are many statistical measures that can use BetaShares Crude historical prices to predict the future BetaShares Crude's volatility.| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.07) |
BetaShares Crude Oil Backtested Returns
BetaShares Crude Oil secures Sharpe Ratio (or Efficiency) of -0.0233, which signifies that the etf had a -0.0233% return per unit of risk over the last 3 months. BetaShares Crude Oil exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BetaShares Crude's Downside Deviation of 2.24, mean deviation of 1.53, and Risk Adjusted Performance of 0.0065 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaShares Crude's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Crude is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
BetaShares Crude Oil has very weak predictability. Overlapping area represents the amount of predictability between BetaShares Crude time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Crude Oil price movement. The serial correlation of 0.19 indicates that over 19.0% of current BetaShares Crude price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
BetaShares Crude Oil lagged returns against current returns
Autocorrelation, which is BetaShares Crude 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 Crude's etf expected returns. We can calculate the autocorrelation of BetaShares Crude returns to help us make a trade decision. For example, suppose you find that BetaShares Crude 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 Crude 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 Crude etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Crude etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Crude etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Crude Lagged Returns
When evaluating BetaShares Crude's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Crude etf have on its future price. BetaShares Crude 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 Crude autocorrelation shows the relationship between BetaShares Crude etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Crude Oil.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Crude 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 Crude security.