BetaShares Dollar (Australia) Market Value
| USD Etf | 15.08 0.06 0.40% |
| Symbol | BetaShares |
BetaShares Dollar '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 BetaShares Dollar'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 BetaShares Dollar.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in BetaShares Dollar on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding BetaShares Dollar ETF or generate 0.0% return on investment in BetaShares Dollar over 30 days. BetaShares Dollar is related to or competes with BetaShares Australian, BetaShares Australian, BetaShares Geared, BetaShares Crude, and BetaShares Managed. BetaShares Dollar is entity of Australia More
BetaShares Dollar 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 BetaShares Dollar'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 BetaShares Dollar ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4842 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.61 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.9749 |
BetaShares Dollar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Dollar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Dollar's standard deviation. In reality, there are many statistical measures that can use BetaShares Dollar historical prices to predict the future BetaShares Dollar's volatility.| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 0.1012 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.34) |
BetaShares Dollar ETF Backtested Returns
Currently, BetaShares Dollar ETF is very steady. BetaShares Dollar ETF secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for BetaShares Dollar ETF, which you can use to evaluate the volatility of the entity. Please confirm BetaShares Dollar's Downside Deviation of 0.4842, mean deviation of 0.3937, and Risk Adjusted Performance of 0.1222 to double-check if the risk estimate we provide is consistent with the expected return of 0.0764%. The etf shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BetaShares Dollar are expected to decrease at a much lower rate. During the bear market, BetaShares Dollar is likely to outperform the market.
Auto-correlation | 0.08 |
Virtually no predictability
BetaShares Dollar ETF has virtually no predictability. Overlapping area represents the amount of predictability between BetaShares Dollar time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 BetaShares Dollar ETF price movement. The serial correlation of 0.08 indicates that barely 8.0% of current BetaShares Dollar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BetaShares Dollar ETF lagged returns against current returns
Autocorrelation, which is BetaShares Dollar 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 BetaShares Dollar's etf expected returns. We can calculate the autocorrelation of BetaShares Dollar returns to help us make a trade decision. For example, suppose you find that BetaShares Dollar 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 |
BetaShares Dollar 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 BetaShares Dollar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Dollar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Dollar etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Dollar Lagged Returns
When evaluating BetaShares Dollar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Dollar etf have on its future price. BetaShares Dollar 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, BetaShares Dollar autocorrelation shows the relationship between BetaShares Dollar etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Dollar ETF.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Dollar financial ratios help investors to determine whether BetaShares 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 BetaShares with respect to the benefits of owning BetaShares Dollar security.