BetaShares Legg (Australia) Market Value
| RINC Etf | 87.29 78.27 867.74% |
| Symbol | BetaShares |
Please note, there is a significant difference between BetaShares Legg's value and its price as these two are different measures arrived at by different means. Investors typically determine if BetaShares Legg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BetaShares Legg's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BetaShares Legg '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 Legg'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 Legg.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in BetaShares Legg on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding BetaShares Legg Mason or generate 0.0% return on investment in BetaShares Legg over 480 days. BetaShares Legg is related to or competes with BetaShares Australian, BetaShares Australian, BetaShares Geared, BetaShares Crude, and BetaShares Managed. BetaShares Legg is entity of Australia. It is traded as Etf on AU exchange. More
BetaShares Legg 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 Legg'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 Legg Mason upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6924 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 2.9 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.12 |
BetaShares Legg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Legg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Legg's standard deviation. In reality, there are many statistical measures that can use BetaShares Legg historical prices to predict the future BetaShares Legg's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 10.88 | |||
| Total Risk Alpha | (3.62) | |||
| Sortino Ratio | 18.89 | |||
| Treynor Ratio | 0.6875 |
BetaShares Legg Mason Backtested Returns
BetaShares Legg is out of control given 3 months investment horizon. BetaShares Legg Mason secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the etf had a 0.12% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 13.01% are justified by taking the suggested risk. Use BetaShares Legg Mean Deviation of 25.89, coefficient of variation of 808.45, and Risk Adjusted Performance of 0.1048 to evaluate company specific risk that cannot be diversified away. The etf shows a Beta (market volatility) of 19.2, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BetaShares Legg will likely underperform.
Auto-correlation | -0.01 |
Very weak reverse predictability
BetaShares Legg Mason has very weak reverse predictability. Overlapping area represents the amount of predictability between BetaShares Legg 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 Legg Mason price movement. The serial correlation of -0.01 indicates that just 1.0% of current BetaShares Legg price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 107.11 |
BetaShares Legg Mason lagged returns against current returns
Autocorrelation, which is BetaShares Legg 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 Legg's etf expected returns. We can calculate the autocorrelation of BetaShares Legg returns to help us make a trade decision. For example, suppose you find that BetaShares Legg 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 Legg 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 Legg etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Legg etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Legg etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Legg Lagged Returns
When evaluating BetaShares Legg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Legg etf have on its future price. BetaShares Legg 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 Legg autocorrelation shows the relationship between BetaShares Legg etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Legg Mason.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Legg 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 Legg security.