Silver Bullion Trust Etf Market Value
| SBT Etf | CAD 16.71 0.44 2.70% |
| Symbol | Silver |
Silver Bullion '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 Silver Bullion'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 Silver Bullion.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Silver Bullion on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Bullion Trust or generate 0.0% return on investment in Silver Bullion over 30 days. Silver Bullion is related to or competes with Purpose Gold, IShares Silver, Purpose Diversified, Purpose Premium, and Purpose Multi. PURPOSE SILVER is traded on Toronto Stock Exchange in Canada. More
Silver Bullion 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 Silver Bullion'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 Silver Bullion Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0249 | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.22 |
Silver Bullion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Bullion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Bullion's standard deviation. In reality, there are many statistical measures that can use Silver Bullion historical prices to predict the future Silver Bullion's volatility.| Risk Adjusted Performance | 0.0706 | |||
| Jensen Alpha | 0.156 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 2.79 |
Silver Bullion Trust Backtested Returns
As of now, Silver Etf is not too volatile. Silver Bullion Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0592, which indicates the etf had a 0.0592% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Silver Bullion Trust, which you can use to evaluate the volatility of the etf. Please validate Silver Bullion's Coefficient Of Variation of 1122.35, semi deviation of 1.69, and Risk Adjusted Performance of 0.0706 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.0584, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Silver Bullion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silver Bullion is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Silver Bullion Trust has good predictability. Overlapping area represents the amount of predictability between Silver Bullion time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Silver Bullion Trust price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Silver Bullion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Silver Bullion Trust lagged returns against current returns
Autocorrelation, which is Silver Bullion 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 Silver Bullion's etf expected returns. We can calculate the autocorrelation of Silver Bullion returns to help us make a trade decision. For example, suppose you find that Silver Bullion 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 |
Silver Bullion 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 Silver Bullion etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Bullion etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Bullion etf over time.
Current vs Lagged Prices |
| Timeline |
Silver Bullion Lagged Returns
When evaluating Silver Bullion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Bullion etf have on its future price. Silver Bullion 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, Silver Bullion autocorrelation shows the relationship between Silver Bullion etf current value and its past values and can show if there is a momentum factor associated with investing in Silver Bullion Trust.
Regressed Prices |
| Timeline |
Pair Trading with Silver Bullion
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 Silver Bullion 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 Silver Bullion will appreciate offsetting losses from the drop in the long position's value.Moving together with Silver Etf
| 0.81 | SVR | iShares Silver Bullion | PairCorr |
| 0.86 | HGY | Global X Gold | PairCorr |
| 0.84 | VALT | CI Gold Bullion | PairCorr |
| 0.82 | HUG | Global X Gold | PairCorr |
| 0.79 | HUZ | Global X Silver | PairCorr |
The ability to find closely correlated positions to Silver Bullion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Bullion 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 Silver Bullion - 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 Silver Bullion Trust to buy it.
The correlation of Silver Bullion 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 Silver Bullion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Bullion Trust 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 Silver Bullion 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 Silver Etf
Silver Bullion financial ratios help investors to determine whether Silver 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 Silver with respect to the benefits of owning Silver Bullion security.