Rbc Short Term Etf Market Value
| RUSB Etf | CAD 21.51 0.06 0.28% |
| Symbol | RBC |
RBC Short '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 Short'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 Short.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in RBC Short on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding RBC Short Term or generate 0.0% return on investment in RBC Short over 180 days. RBC Short is related to or competes with Mackenzie High, Mackenzie Core, Mackenzie Canadian, and Mackenzie Core. Corporate Bond ETF seeks to provide regular monthly income with the potential for modest capital growth by investing pri... More
RBC Short 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 Short'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 Short Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2988 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.5283 |
RBC Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Short's standard deviation. In reality, there are many statistical measures that can use RBC Short historical prices to predict the future RBC Short's volatility.| Risk Adjusted Performance | 0.1025 | |||
| Jensen Alpha | 0.0383 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.59) |
RBC Short Term Backtested Returns
As of now, RBC Etf is very steady. RBC Short Term retains Efficiency (Sharpe Ratio) of 0.27, which implies the etf had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RBC Short, which you can use to evaluate the volatility of the entity. Please check RBC Short's market risk adjusted performance of (0.58), and Semi Deviation of 0.1199 to confirm if the risk estimate we provide is consistent with the expected return of 0.0651%. The entity owns a Beta (Systematic Risk) of -0.0537, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RBC Short are expected to decrease at a much lower rate. During the bear market, RBC Short is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
RBC Short Term has very good predictability. Overlapping area represents the amount of predictability between RBC Short time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Short Term price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current RBC Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
RBC Short Term lagged returns against current returns
Autocorrelation, which is RBC Short 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 Short's etf expected returns. We can calculate the autocorrelation of RBC Short returns to help us make a trade decision. For example, suppose you find that RBC Short 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 Short 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 Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Short etf over time.
Current vs Lagged Prices |
| Timeline |
RBC Short Lagged Returns
When evaluating RBC Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Short etf have on its future price. RBC Short 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 Short autocorrelation shows the relationship between RBC Short etf current value and its past values and can show if there is a momentum factor associated with investing in RBC Short Term.
Regressed Prices |
| Timeline |
Pair Trading with RBC Short
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 Short 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 Short will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Etf
Moving against RBC Etf
| 0.74 | XIG | iShares IG Corporate | PairCorr |
| 0.73 | IGCF | PIMCO Investment Grade | PairCorr |
| 0.72 | ZMU | BMO Mid Term | PairCorr |
| 0.72 | QUIG | Mackenzie Investment | PairCorr |
| 0.62 | TCLB | TD Canadian Long | PairCorr |
The ability to find closely correlated positions to RBC Short 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 Short 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 Short - 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 Short Term to buy it.
The correlation of RBC Short 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 Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Short Term 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 Short 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 Short 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 Short security.