BetaPro Gold Financials
| HBU Etf | CAD 17.13 0.16 0.93% |
3 y Sharp Ratio 0.57 |
BetaPro |
The data published in BetaPro Gold's official financial statements typically reflect BetaPro Gold's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving BetaPro Gold's quantitative information. For example, before you start analyzing numbers published by BetaPro accountants, it's essential to understand BetaPro Gold's liquidity, profitability, and earnings quality within the context of the Horizons ETFs Management (Canada) Inc space in which it operates.
BetaPro Gold Etf Summary
BetaPro Gold competes with BetaPro SP, BetaPro SPTSX, BetaPro SPTSX, and BetaPro Gold. HBU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times the daily performance of the Solactive Gold Front Month MD Rolling Futures Index ER. BETAPRO GOLD is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA08660T1003 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Horizons ETFs Management (Canada) Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | 866 641 5739 |
| Currency | CAD - Canadian Dollar |
BetaPro Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro Gold's current stock value. Our valuation model uses many indicators to compare BetaPro Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BetaPro Gold competition to find correlations between indicators driving BetaPro Gold's intrinsic value. More Info.BetaPro Gold Bullion is rated # 2 ETF in one year return as compared to similar ETFs. It also is rated # 2 ETF in three year return as compared to similar ETFs reporting about 0.34 of Three Year Return per One Year Return. The ratio of One Year Return to Three Year Return for BetaPro Gold Bullion is roughly 2.91 . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro Gold's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.BetaPro Gold Bullion Systematic Risk
BetaPro Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. BetaPro Gold volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Beta measures systematic risk based on how returns on BetaPro Gold Bullion correlated with the market. If Beta is less than 0 BetaPro Gold generally moves in the opposite direction as compared to the market. If BetaPro Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one BetaPro Gold Bullion is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of BetaPro Gold is generally in the same direction as the market. If Beta > 1 BetaPro Gold moves generally in the same direction as, but more than the movement of the benchmark.
BetaPro Gold December 3, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of BetaPro Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of BetaPro Gold Bullion. We use our internally-developed statistical techniques to arrive at the intrinsic value of BetaPro Gold Bullion based on widely used predictive technical indicators. In general, we focus on analyzing BetaPro Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build BetaPro Gold's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.21 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.87 |
Other Information on Investing in BetaPro Etf
BetaPro Gold 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 Gold security.