Betapro Crude Oil Etf Market Value

HOU Etf  CAD 11.44  0.36  3.05%   
BetaPro Crude's market value is the price at which a share of BetaPro Crude trades on a public exchange. It measures the collective expectations of BetaPro Crude Oil investors about its performance. BetaPro Crude is selling at 11.44 as of the 4th of December 2024; that is 3.05 percent decrease since the beginning of the trading day. The etf's open price was 11.8.
With this module, you can estimate the performance of a buy and hold strategy of BetaPro Crude Oil and determine expected loss or profit from investing in BetaPro Crude over a given investment horizon. Check out BetaPro Crude Correlation, BetaPro Crude Volatility and BetaPro Crude Alpha and Beta module to complement your research on BetaPro Crude.
Symbol

Please note, there is a significant difference between BetaPro Crude's value and its price as these two are different measures arrived at by different means. Investors typically determine if BetaPro Crude is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BetaPro Crude's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

BetaPro Crude '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 Crude'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 Crude.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in BetaPro Crude on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding BetaPro Crude Oil or generate 0.0% return on investment in BetaPro Crude over 60 days. BetaPro Crude is related to or competes with BetaPro SPTSX, and BetaPro SPTSX. HOU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction co... More

BetaPro Crude 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 Crude'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 Crude Oil upside and downside potential and time the market with a certain degree of confidence.

BetaPro Crude Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaPro Crude's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaPro Crude's standard deviation. In reality, there are many statistical measures that can use BetaPro Crude historical prices to predict the future BetaPro Crude's volatility.
Hype
Prediction
LowEstimatedHigh
7.5811.8416.10
Details
Intrinsic
Valuation
LowRealHigh
6.7210.9815.24
Details
Naive
Forecast
LowNextHigh
7.1711.4315.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.2611.5811.91
Details

BetaPro Crude Oil Backtested Returns

As of now, BetaPro Etf is somewhat reliable. BetaPro Crude Oil secures Sharpe Ratio (or Efficiency) of 0.0223, which signifies that the etf had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for BetaPro Crude Oil, which you can use to evaluate the volatility of the entity. Please confirm BetaPro Crude's Standard Deviation of 4.35, risk adjusted performance of 0.0022, and Mean Deviation of 3.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.0956%. The etf shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaPro Crude's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaPro Crude is expected to be smaller as well.

Auto-correlation

    
  0.63  

Good predictability

BetaPro Crude Oil has good predictability. Overlapping area represents the amount of predictability between BetaPro Crude time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 Crude Oil price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current BetaPro Crude price fluctuation can be explain by its past prices.
Correlation Coefficient0.63
Spearman Rank Test0.39
Residual Average0.0
Price Variance0.23

BetaPro Crude Oil lagged returns against current returns

Autocorrelation, which is BetaPro Crude 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 Crude's etf expected returns. We can calculate the autocorrelation of BetaPro Crude returns to help us make a trade decision. For example, suppose you find that BetaPro Crude 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 Crude 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 Crude etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaPro Crude etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaPro Crude etf over time.
   Current vs Lagged Prices   
       Timeline  

BetaPro Crude Lagged Returns

When evaluating BetaPro Crude's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaPro Crude etf have on its future price. BetaPro Crude 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 Crude autocorrelation shows the relationship between BetaPro Crude etf current value and its past values and can show if there is a momentum factor associated with investing in BetaPro Crude Oil.
   Regressed Prices   
       Timeline  

Pair Trading with BetaPro Crude

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 Crude 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 Crude will appreciate offsetting losses from the drop in the long position's value.

Moving against BetaPro Etf

  0.77HOD BetaPro Crude OilPairCorr
  0.31XSB iShares Canadian ShortPairCorr
The ability to find closely correlated positions to BetaPro Crude 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 Crude 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 Crude - 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 Crude Oil to buy it.
The correlation of BetaPro Crude 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 Crude moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Crude Oil 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 Crude 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in BetaPro Etf

BetaPro Crude 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 Crude security.