Accelerate Arbitrage Etf Market Value
| ARB Etf | CAD 26.41 0.02 0.08% |
| Symbol | Accelerate |
Accelerate Arbitrage '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 Accelerate Arbitrage'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 Accelerate Arbitrage.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Accelerate Arbitrage on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Accelerate Arbitrage or generate 0.0% return on investment in Accelerate Arbitrage over 60 days. Accelerate Arbitrage is related to or competes with Hamilton Enhanced, Hamilton Enhanced, Hamilton Canadian, Real Estate, and Global Dividend. ACCELERATE ARBITRAGE is traded on Toronto Stock Exchange in Canada. More
Accelerate Arbitrage 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 Accelerate Arbitrage'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 Accelerate Arbitrage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4019 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.4954 |
Accelerate Arbitrage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accelerate Arbitrage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accelerate Arbitrage's standard deviation. In reality, there are many statistical measures that can use Accelerate Arbitrage historical prices to predict the future Accelerate Arbitrage's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.0918 |
Accelerate Arbitrage Backtested Returns
As of now, Accelerate Etf is very steady. Accelerate Arbitrage secures Sharpe Ratio (or Efficiency) of 0.0539, which signifies that the etf had a 0.0539% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Accelerate Arbitrage, which you can use to evaluate the volatility of the entity. Please confirm Accelerate Arbitrage's mean deviation of 0.2829, and Risk Adjusted Performance of 0.0434 to double-check if the risk estimate we provide is consistent with the expected return of 0.024%. The etf shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Accelerate Arbitrage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accelerate Arbitrage is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Accelerate Arbitrage has average predictability. Overlapping area represents the amount of predictability between Accelerate Arbitrage time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Accelerate Arbitrage price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Accelerate Arbitrage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Accelerate Arbitrage lagged returns against current returns
Autocorrelation, which is Accelerate Arbitrage 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 Accelerate Arbitrage's etf expected returns. We can calculate the autocorrelation of Accelerate Arbitrage returns to help us make a trade decision. For example, suppose you find that Accelerate Arbitrage 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 |
Accelerate Arbitrage 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 Accelerate Arbitrage etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accelerate Arbitrage etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accelerate Arbitrage etf over time.
Current vs Lagged Prices |
| Timeline |
Accelerate Arbitrage Lagged Returns
When evaluating Accelerate Arbitrage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accelerate Arbitrage etf have on its future price. Accelerate Arbitrage 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, Accelerate Arbitrage autocorrelation shows the relationship between Accelerate Arbitrage etf current value and its past values and can show if there is a momentum factor associated with investing in Accelerate Arbitrage.
Regressed Prices |
| Timeline |
Pair Trading with Accelerate Arbitrage
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Accelerate Arbitrage position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Accelerate Arbitrage will appreciate offsetting losses from the drop in the long position's value.Moving together with Accelerate Etf
| 0.62 | HCAL | Hamilton Enhanced | PairCorr |
| 0.64 | PFLS | Picton Mahoney Fortified | PairCorr |
| 0.66 | PHE | Purpose Tactical Hedged | PairCorr |
Moving against Accelerate Etf
| 0.68 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.65 | HIU | BetaPro SP 500 | PairCorr |
| 0.64 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.46 | HED | BetaPro SPTSX Capped | PairCorr |
The ability to find closely correlated positions to Accelerate Arbitrage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accelerate Arbitrage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accelerate Arbitrage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accelerate Arbitrage to buy it.
The correlation of Accelerate Arbitrage is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accelerate Arbitrage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accelerate Arbitrage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Accelerate Arbitrage can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Accelerate Etf
Accelerate Arbitrage financial ratios help investors to determine whether Accelerate 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 Accelerate with respect to the benefits of owning Accelerate Arbitrage security.