BetaPro Canadian Financials
| HGD Etf | CAD 27.53 0.42 1.50% |
3 y Sharp Ratio (0.60) |
BetaPro |
The data published in BetaPro Canadian's official financial statements typically reflect BetaPro Canadian'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 Canadian's quantitative information. For example, before you start analyzing numbers published by BetaPro accountants, it's essential to understand BetaPro Canadian's liquidity, profitability, and earnings quality within the context of the Horizons ETFs Management (Canada) Inc space in which it operates.
BetaPro Canadian Etf Summary
BetaPro Canadian competes with BetaPro Canadian, BetaPro Crude, BetaPro Natural, BetaPro SPTSX, and BetaPro SPTSX. 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.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA08661P1071 |
| Region | Others |
| Investment Issuer | Others |
| Business Address | Wellington St East, |
| Etf Family | Horizons ETFs Management (Canada) Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Website | www.horizonsetfs.com/etf/hgd |
| Phone | 866 641 5739 |
| Currency | CAD - Canadian Dollar |
BetaPro Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro Canadian's current stock value. Our valuation model uses many indicators to compare BetaPro Canadian value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BetaPro Canadian competition to find correlations between indicators driving BetaPro Canadian's intrinsic value. More Info.BetaPro Canadian Gold is rated # 5 ETF in one year return as compared to similar ETFs. It is rated # 3 ETF in three year return as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro Canadian by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro Canadian'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 Canadian Gold Systematic Risk
BetaPro Canadian's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. BetaPro Canadian 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 thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on BetaPro Canadian Gold correlated with the market. If Beta is less than 0 BetaPro Canadian generally moves in the opposite direction as compared to the market. If BetaPro Canadian Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one BetaPro Canadian Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of BetaPro Canadian is generally in the same direction as the market. If Beta > 1 BetaPro Canadian moves generally in the same direction as, but more than the movement of the benchmark.
BetaPro Canadian December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of BetaPro Canadian help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of BetaPro Canadian Gold. We use our internally-developed statistical techniques to arrive at the intrinsic value of BetaPro Canadian Gold 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 Canadian's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.1209 | |||
| Maximum Drawdown | 20.9 | |||
| Value At Risk | (5.98) | |||
| Potential Upside | 6.54 |
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.