Scotia International Equity Etf Market Value
| SITI Etf | 27.39 0.25 0.92% |
| Symbol | Scotia |
Please note, there is a significant difference between Scotia International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scotia International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scotia International'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.
Scotia International '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 Scotia International'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 Scotia International.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Scotia International on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Scotia International Equity or generate 0.0% return on investment in Scotia International over 720 days. Scotia International is related to or competes with First Asset, First Asset, Harvest Equal, CI Canada, and Global Dividend. Scotia International is entity of Canada More
Scotia International 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 Scotia International'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 Scotia International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6978 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.8679 |
Scotia International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scotia International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scotia International's standard deviation. In reality, there are many statistical measures that can use Scotia International historical prices to predict the future Scotia International's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.01) |
Scotia International Backtested Returns
At this point, Scotia International is very steady. Scotia International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0549, which indicates the etf had a 0.0549% return per unit of risk over the last 3 months. We have found thirty technical indicators for Scotia International Equity, which you can use to evaluate the volatility of the etf. Please validate Scotia International's Coefficient Of Variation of 8469.73, semi deviation of 0.6481, and Risk Adjusted Performance of 0.0071 to confirm if the risk estimate we provide is consistent with the expected return of 0.0349%. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scotia International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scotia International is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Scotia International Equity has modest predictability. Overlapping area represents the amount of predictability between Scotia International time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Scotia International price movement. The serial correlation of 0.51 indicates that about 51.0% of current Scotia International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Scotia International lagged returns against current returns
Autocorrelation, which is Scotia International 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 Scotia International's etf expected returns. We can calculate the autocorrelation of Scotia International returns to help us make a trade decision. For example, suppose you find that Scotia International 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 |
Scotia International 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 Scotia International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scotia International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scotia International etf over time.
Current vs Lagged Prices |
| Timeline |
Scotia International Lagged Returns
When evaluating Scotia International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scotia International etf have on its future price. Scotia International 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, Scotia International autocorrelation shows the relationship between Scotia International etf current value and its past values and can show if there is a momentum factor associated with investing in Scotia International Equity.
Regressed Prices |
| Timeline |
Pair Trading with Scotia International
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 Scotia International 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 Scotia International will appreciate offsetting losses from the drop in the long position's value.Moving against Scotia Etf
| 0.52 | FBTC | Fidelity Advantage | PairCorr |
| 0.52 | EBIT | Bitcoin ETF CAD | PairCorr |
| 0.52 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 0.51 | BTCC | Purpose Bitcoin CAD | PairCorr |
| 0.51 | ETC | Evolve Cryptocurrencies | PairCorr |
The ability to find closely correlated positions to Scotia International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scotia International 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 Scotia International - 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 Scotia International Equity to buy it.
The correlation of Scotia International 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 Scotia International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scotia International 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 Scotia International 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 Scotia Etf
Scotia International financial ratios help investors to determine whether Scotia 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 Scotia with respect to the benefits of owning Scotia International security.