Global Dividend Growth Etf Market Value
| GDV Etf | CAD 12.15 0.02 0.16% |
| Symbol | Global |
Global Dividend '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 Global Dividend'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 Global Dividend.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Global Dividend on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Global Dividend Growth or generate 0.0% return on investment in Global Dividend over 30 days. Global Dividend is related to or competes with E Split, Brompton Split, Life Banc, Real Estate, and Dividend Growth. Global Dividend Growth Split Corp. is an equity mutual fund launched and managed by Brompton Funds Limited More
Global Dividend 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 Global Dividend'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 Global Dividend Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9072 | |||
| Information Ratio | 0.1246 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.59 |
Global Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Dividend's standard deviation. In reality, there are many statistical measures that can use Global Dividend historical prices to predict the future Global Dividend's volatility.| Risk Adjusted Performance | 0.2048 | |||
| Jensen Alpha | 0.2061 | |||
| Total Risk Alpha | 0.0861 | |||
| Sortino Ratio | 0.1346 | |||
| Treynor Ratio | 0.731 |
Global Dividend Growth Backtested Returns
Global Dividend appears to be very steady, given 3 months investment horizon. Global Dividend Growth holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global Dividend Growth, which you can use to evaluate the volatility of the entity. Please utilize Global Dividend's Downside Deviation of 0.9072, market risk adjusted performance of 0.741, and Risk Adjusted Performance of 0.2048 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Dividend is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Global Dividend Growth has modest predictability. Overlapping area represents the amount of predictability between Global Dividend time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Global Dividend Growth price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Global Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Dividend Growth lagged returns against current returns
Autocorrelation, which is Global Dividend 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 Global Dividend's etf expected returns. We can calculate the autocorrelation of Global Dividend returns to help us make a trade decision. For example, suppose you find that Global Dividend 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 |
Global Dividend 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 Global Dividend etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Dividend etf over time.
Current vs Lagged Prices |
| Timeline |
Global Dividend Lagged Returns
When evaluating Global Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Dividend etf have on its future price. Global Dividend 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, Global Dividend autocorrelation shows the relationship between Global Dividend etf current value and its past values and can show if there is a momentum factor associated with investing in Global Dividend Growth.
Regressed Prices |
| Timeline |
Pair Trading with Global Dividend
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 Global Dividend 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 Global Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Etf
| 0.92 | ETC | Evolve Cryptocurrencies | PairCorr |
| 0.67 | PRP | Purpose Conservative | PairCorr |
| 0.94 | XMC | iShares SP Mid | PairCorr |
Moving against Global Etf
The ability to find closely correlated positions to Global Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Dividend 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 Global Dividend - 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 Global Dividend Growth to buy it.
The correlation of Global Dividend 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 Global Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Dividend Growth 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 Global Dividend 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 Global Etf
Global Dividend financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Dividend security.