Rbc Canadian Preferred Etf Market Value
| RPF Etf | CAD 21.22 0.05 0.24% |
| Symbol | RBC |
RBC Canadian '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 RBC Canadian'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 RBC Canadian.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in RBC Canadian on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding RBC Canadian Preferred or generate 0.0% return on investment in RBC Canadian over 30 days. RBC Canadian is related to or competes with BMO Laddered, IShares SPTSX, and RBC Quant. RBC Canadian Preferred Share ETF seeks to provide unitholders with exposure to the performance of a diversified portfoli... More
RBC Canadian 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 RBC Canadian'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 RBC Canadian Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3433 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.99 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.5674 |
RBC Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Canadian's standard deviation. In reality, there are many statistical measures that can use RBC Canadian historical prices to predict the future RBC Canadian's volatility.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 0.0354 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 29.67 |
RBC Canadian Preferred Backtested Returns
As of now, RBC Etf is very steady. RBC Canadian Preferred retains Efficiency (Sharpe Ratio) of 0.12, which implies the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RBC Canadian, which you can use to evaluate the volatility of the entity. Please check RBC Canadian's market risk adjusted performance of 29.68, and Semi Deviation of 0.2078 to confirm if the risk estimate we provide is consistent with the expected return of 0.044%. The entity owns a Beta (Systematic Risk) of 0.0012, which implies not very significant fluctuations relative to the market. As returns on the market increase, RBC Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC Canadian is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
RBC Canadian Preferred has modest predictability. Overlapping area represents the amount of predictability between RBC Canadian time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 RBC Canadian Preferred price movement. The serial correlation of 0.54 indicates that about 54.0% of current RBC Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
RBC Canadian Preferred lagged returns against current returns
Autocorrelation, which is RBC Canadian 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 RBC Canadian's etf expected returns. We can calculate the autocorrelation of RBC Canadian returns to help us make a trade decision. For example, suppose you find that RBC Canadian 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 |
RBC Canadian 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 RBC Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
RBC Canadian Lagged Returns
When evaluating RBC Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Canadian etf have on its future price. RBC Canadian 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, RBC Canadian autocorrelation shows the relationship between RBC Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in RBC Canadian Preferred.
Regressed Prices |
| Timeline |
Pair Trading with RBC Canadian
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 RBC Canadian 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 RBC Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Etf
| 0.97 | ZPR | BMO Laddered Preferred | PairCorr |
| 0.93 | HPR | Global X Active | PairCorr |
| 0.75 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.7 | DXP | Dynamic Active Preferred | PairCorr |
The ability to find closely correlated positions to RBC Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Canadian 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 RBC Canadian - 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 RBC Canadian Preferred to buy it.
The correlation of RBC Canadian 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 RBC Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Canadian Preferred 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 RBC Canadian 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 RBC Etf
RBC Canadian financial ratios help investors to determine whether RBC 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 RBC with respect to the benefits of owning RBC Canadian security.