Guardian International Equity Etf Market Value
| GIES Etf | 22.15 0.00 0.00% |
| Symbol | Guardian |
Guardian International '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 Guardian International'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 Guardian International.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Guardian International on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Guardian International Equity or generate 0.0% return on investment in Guardian International over 720 days. Guardian International is related to or competes with Guardian Directed, Guardian Canadian, Guardian Canadian, Guardian Ultra, Guardian, Guardian Canadian, and Guardian. Guardian International is entity of Canada More
Guardian International 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 Guardian International'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 Guardian International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.89 |
Guardian International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guardian International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guardian International's standard deviation. In reality, there are many statistical measures that can use Guardian International historical prices to predict the future Guardian International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.2659 |
Guardian International Backtested Returns
Guardian International holds Efficiency (Sharpe) Ratio of -0.0504, which attests that the entity had a -0.0504% return per unit of standard deviation over the last 3 months. Guardian International exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guardian International's market risk adjusted performance of 0.2759, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guardian International are expected to decrease at a much lower rate. During the bear market, Guardian International is likely to outperform the market.
Auto-correlation | 0.74 |
Good predictability
Guardian International Equity has good predictability. Overlapping area represents the amount of predictability between Guardian International time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Guardian International price movement. The serial correlation of 0.74 indicates that around 74.0% of current Guardian International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Guardian International lagged returns against current returns
Autocorrelation, which is Guardian International 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 Guardian International's etf expected returns. We can calculate the autocorrelation of Guardian International returns to help us make a trade decision. For example, suppose you find that Guardian International 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 |
Guardian International 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 Guardian International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guardian International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guardian International etf over time.
Current vs Lagged Prices |
| Timeline |
Guardian International Lagged Returns
When evaluating Guardian International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guardian International etf have on its future price. Guardian International 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, Guardian International autocorrelation shows the relationship between Guardian International etf current value and its past values and can show if there is a momentum factor associated with investing in Guardian International Equity.
Regressed Prices |
| Timeline |
Pair Trading with Guardian International
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 Guardian International 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 Guardian International will appreciate offsetting losses from the drop in the long position's value.Moving against Guardian Etf
| 0.75 | CALL | Evolve Banks Enhanced | PairCorr |
| 0.74 | FTN | Financial 15 Split | PairCorr |
| 0.67 | MFT | Mackenzie Floating Rate | PairCorr |
| 0.63 | GDV | Global Dividend Growth | PairCorr |
| 0.44 | PAYF | Purpose Enhanced Premium | PairCorr |
The ability to find closely correlated positions to Guardian International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian International 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 Guardian International - 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 Guardian International Equity to buy it.
The correlation of Guardian International 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 Guardian International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian International 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 Guardian International 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 Guardian Etf
Guardian International financial ratios help investors to determine whether Guardian 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 Guardian with respect to the benefits of owning Guardian International security.