Betapro Canadian Gold Etf Performance
| HGD Etf | CAD 24.46 0.34 1.37% |
The etf shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaPro Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaPro Canadian is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days BetaPro Canadian Gold has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, BetaPro Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.52 |
BetaPro |
BetaPro Canadian Relative Risk vs. Return Landscape
If you would invest 2,700 in BetaPro Canadian Gold on November 2, 2024 and sell it today you would lose (254.00) from holding BetaPro Canadian Gold or give up 9.41% of portfolio value over 90 days. BetaPro Canadian Gold is producing return of less than zero assuming 3.9588% volatility of returns over the 90 days investment horizon. Simply put, 35% of all etfs have less volatile historical return distribution than BetaPro Canadian, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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BetaPro Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaPro Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BetaPro Canadian Gold, and traders can use it to determine the average amount a BetaPro Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0215
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HGD |
Estimated Market Risk
| 3.96 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BetaPro Canadian is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BetaPro Canadian by adding BetaPro Canadian to a well-diversified portfolio.
BetaPro Canadian Fundamentals Growth
BetaPro Etf prices reflect investors' perceptions of the future prospects and financial health of BetaPro Canadian, and BetaPro Canadian fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on BetaPro Etf performance.
| Total Asset | 29.81 M | |||
About BetaPro Canadian Performance
By examining BetaPro Canadian's fundamental ratios, stakeholders can obtain critical insights into BetaPro Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that BetaPro Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
HGD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times the inverse of the daily performance of the Solactive Canadian Gold Miners Index. BETAPRO CDN is traded on Toronto Stock Exchange in Canada.| BetaPro Canadian generated a negative expected return over the last 90 days | |
| BetaPro Canadian has high historical volatility and very poor performance | |
| This fund generated-39.0 ten year return of -39.0% | |
| BetaPro Canadian retains all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in BetaPro Etf
BetaPro Canadian financial ratios help investors to determine whether BetaPro 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 BetaPro with respect to the benefits of owning BetaPro Canadian security.