Betapro Inverse Bitcoin Etf Market Value
| BITI Etf | CAD 20.82 0.47 2.31% |
| Symbol | BetaPro |
BetaPro Inverse '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 BetaPro Inverse'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 BetaPro Inverse.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in BetaPro Inverse on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding BetaPro Inverse Bitcoin or generate 0.0% return on investment in BetaPro Inverse over 720 days. BetaPro Inverse is related to or competes with BetaPro Gold, BetaPro NASDAQ, BetaPro SP, BetaPro SP, BetaPro SP, BetaPro SP, and BetaPro SPTSX. BETAPRO INVERSE is traded on Toronto Stock Exchange in Canada. More
BetaPro Inverse 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 BetaPro Inverse'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 BetaPro Inverse Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 16.91 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 3.54 |
BetaPro Inverse Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaPro Inverse's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaPro Inverse's standard deviation. In reality, there are many statistical measures that can use BetaPro Inverse historical prices to predict the future BetaPro Inverse's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | 1.04 |
BetaPro Inverse Bitcoin Backtested Returns
BetaPro Inverse Bitcoin secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the etf had a -0.23% return per unit of risk over the last 3 months. BetaPro Inverse Bitcoin exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BetaPro Inverse's Risk Adjusted Performance of (0.16), mean deviation of 2.63, and Standard Deviation of 3.43 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BetaPro Inverse are expected to decrease at a much lower rate. During the bear market, BetaPro Inverse is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
BetaPro Inverse Bitcoin has very good predictability. Overlapping area represents the amount of predictability between BetaPro Inverse time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 BetaPro Inverse Bitcoin price movement. The serial correlation of 0.85 indicates that around 85.0% of current BetaPro Inverse price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 81.55 |
BetaPro Inverse Bitcoin lagged returns against current returns
Autocorrelation, which is BetaPro Inverse 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 BetaPro Inverse's etf expected returns. We can calculate the autocorrelation of BetaPro Inverse returns to help us make a trade decision. For example, suppose you find that BetaPro Inverse 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 |
BetaPro Inverse 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 BetaPro Inverse etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaPro Inverse etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaPro Inverse etf over time.
Current vs Lagged Prices |
| Timeline |
BetaPro Inverse Lagged Returns
When evaluating BetaPro Inverse's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaPro Inverse etf have on its future price. BetaPro Inverse 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, BetaPro Inverse autocorrelation shows the relationship between BetaPro Inverse etf current value and its past values and can show if there is a momentum factor associated with investing in BetaPro Inverse Bitcoin.
Regressed Prices |
| Timeline |
Pair Trading with BetaPro Inverse
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 BetaPro Inverse 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 BetaPro Inverse will appreciate offsetting losses from the drop in the long position's value.Moving together with BetaPro Etf
Moving against BetaPro Etf
| 0.99 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 0.99 | BTCC | Purpose Bitcoin CAD | PairCorr |
| 0.99 | ETC | Evolve Cryptocurrencies | PairCorr |
| 0.97 | BNC | Purpose Canadian Fin | PairCorr |
| 0.95 | ETHQ | 3iQ CoinShares Ether | PairCorr |
The ability to find closely correlated positions to BetaPro Inverse could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro Inverse 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 BetaPro Inverse - 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 BetaPro Inverse Bitcoin to buy it.
The correlation of BetaPro Inverse 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 BetaPro Inverse moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Inverse Bitcoin 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 BetaPro Inverse 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 BetaPro Etf
BetaPro Inverse 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 Inverse security.