Rbc Banks Yield Etf Market Value
| RUBY Etf | CAD 27.14 0.07 0.26% |
| Symbol | RBC |
RBC Banks '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 Banks' 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 Banks.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in RBC Banks on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding RBC Banks Yield or generate 0.0% return on investment in RBC Banks over 300 days. RBC Banks is related to or competes with RBC Banks, RBC Canadian, RBC Quant, RBC Quant, and Evolve Banks. Banks Yield Index ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a U.S More
RBC Banks 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 Banks' 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 Banks Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.1237 | |||
| Maximum Drawdown | 15.78 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.45 |
RBC Banks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Banks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Banks' standard deviation. In reality, there are many statistical measures that can use RBC Banks historical prices to predict the future RBC Banks' volatility.| Risk Adjusted Performance | 0.1478 | |||
| Jensen Alpha | 0.2327 | |||
| Total Risk Alpha | 0.0484 | |||
| Sortino Ratio | 0.1755 | |||
| Treynor Ratio | 0.3054 |
RBC Banks Yield Backtested Returns
RBC Banks appears to be very steady, given 3 months investment horizon. RBC Banks Yield retains Efficiency (Sharpe Ratio) of 0.18, which implies the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for RBC Banks, which you can use to evaluate the volatility of the entity. Please evaluate RBC Banks' semi deviation of 0.9873, and Market Risk Adjusted Performance of 0.3154 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 1.26, which implies 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, RBC Banks will likely underperform.
Auto-correlation | 0.24 |
Weak predictability
RBC Banks Yield has weak predictability. Overlapping area represents the amount of predictability between RBC Banks time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 RBC Banks Yield price movement. The serial correlation of 0.24 indicates that over 24.0% of current RBC Banks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.8 |
RBC Banks Yield lagged returns against current returns
Autocorrelation, which is RBC Banks 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 Banks' etf expected returns. We can calculate the autocorrelation of RBC Banks returns to help us make a trade decision. For example, suppose you find that RBC Banks 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 Banks 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 Banks etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Banks etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Banks etf over time.
Current vs Lagged Prices |
| Timeline |
RBC Banks Lagged Returns
When evaluating RBC Banks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Banks etf have on its future price. RBC Banks 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 Banks autocorrelation shows the relationship between RBC Banks etf current value and its past values and can show if there is a momentum factor associated with investing in RBC Banks Yield.
Regressed Prices |
| Timeline |
Pair Trading with RBC Banks
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 Banks 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 Banks will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Etf
| 0.75 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.84 | XFN | iShares SPTSX Capped | PairCorr |
| 0.99 | ZBK | BMO Equal Weight | PairCorr |
| 0.72 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.99 | ZUB | BMO Equal Weight | PairCorr |
Moving against RBC Etf
The ability to find closely correlated positions to RBC Banks 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 Banks 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 Banks - 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 Banks Yield to buy it.
The correlation of RBC Banks 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 Banks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Banks Yield 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 Banks 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 Banks 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 Banks security.