Megalong Canadian Banks Etf Performance
| BNKU Etf | 45.22 1.49 3.41% |
The etf secures a Beta (Market Risk) of 0.92, which conveys possible diversification benefits within a given portfolio. MegaLong Canadian returns are very sensitive to returns on the market. As the market goes up or down, MegaLong Canadian is expected to follow.
Risk-Adjusted Performance
Good
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in MegaLong Canadian Banks are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, MegaLong Canadian displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
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MegaLong |
MegaLong Canadian Relative Risk vs. Return Landscape
If you would invest 3,495 in MegaLong Canadian Banks on November 4, 2025 and sell it today you would earn a total of 878.00 from holding MegaLong Canadian Banks or generate 25.12% return on investment over 90 days. MegaLong Canadian Banks is generating 0.3863% of daily returns and assumes 2.2286% volatility on return distribution over the 90 days horizon. Simply put, 20% of etfs are less volatile than MegaLong, and 93% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MegaLong Canadian Target Price Odds to finish over Current Price
The tendency of MegaLong Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 45.22 | 90 days | 45.22 | about 21.84 |
Based on a normal probability distribution, the odds of MegaLong Canadian to move above the current price in 90 days from now is about 21.84 (This MegaLong Canadian Banks probability density function shows the probability of MegaLong Etf to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon MegaLong Canadian has a beta of 0.92 suggesting MegaLong Canadian Banks market returns are highly reactive to returns on the market. As the market goes up or down, MegaLong Canadian is expected to follow. Additionally MegaLong Canadian Banks has an alpha of 0.3762, implying that it can generate a 0.38 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MegaLong Canadian Price Density |
| Price |