Nbi Unconstrained Fixed Etf Market Value
| NUBF Etf | CAD 21.42 0.09 0.42% |
| Symbol | NBI |
NBI Unconstrained '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 NBI Unconstrained'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 NBI Unconstrained.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in NBI Unconstrained on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding NBI Unconstrained Fixed or generate 0.0% return on investment in NBI Unconstrained over 90 days. NBI Unconstrained is related to or competes with NBI High, NBI Active, NBI Liquid, and Desjardins Alt. NBI UNCONSTRAINED is traded on Toronto Stock Exchange in Canada. More
NBI Unconstrained 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 NBI Unconstrained'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 NBI Unconstrained Fixed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5046 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 2.31 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.6607 |
NBI Unconstrained Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBI Unconstrained's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBI Unconstrained's standard deviation. In reality, there are many statistical measures that can use NBI Unconstrained historical prices to predict the future NBI Unconstrained's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.16) |
NBI Unconstrained Fixed Backtested Returns
As of now, NBI Etf is very steady. NBI Unconstrained Fixed has Sharpe Ratio of 0.023, which conveys that the etf had a 0.023% return per unit of volatility over the last 3 months. We have found thirty technical indicators for NBI Unconstrained, which you can use to evaluate the volatility of the entity. Please verify NBI Unconstrained's Mean Deviation of 0.3, downside deviation of 0.5046, and Market Risk Adjusted Performance of (0.15) to check out if the risk estimate we provide is consistent with the expected return of 0.0096%. The entity secures a Beta (Market Risk) of 0.0257, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NBI Unconstrained's returns are expected to increase less than the market. However, during the bear market, the loss of holding NBI Unconstrained is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
NBI Unconstrained Fixed has poor reverse predictability. Overlapping area represents the amount of predictability between NBI Unconstrained time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 NBI Unconstrained Fixed price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current NBI Unconstrained price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NBI Unconstrained Fixed lagged returns against current returns
Autocorrelation, which is NBI Unconstrained 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 NBI Unconstrained's etf expected returns. We can calculate the autocorrelation of NBI Unconstrained returns to help us make a trade decision. For example, suppose you find that NBI Unconstrained 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 |
NBI Unconstrained 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 NBI Unconstrained etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBI Unconstrained etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBI Unconstrained etf over time.
Current vs Lagged Prices |
| Timeline |
NBI Unconstrained Lagged Returns
When evaluating NBI Unconstrained's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBI Unconstrained etf have on its future price. NBI Unconstrained 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, NBI Unconstrained autocorrelation shows the relationship between NBI Unconstrained etf current value and its past values and can show if there is a momentum factor associated with investing in NBI Unconstrained Fixed.
Regressed Prices |
| Timeline |
Pair Trading with NBI Unconstrained
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 NBI Unconstrained 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 NBI Unconstrained will appreciate offsetting losses from the drop in the long position's value.Moving against NBI Etf
| 0.57 | ZSP | BMO SP 500 | PairCorr |
| 0.57 | VFV | Vanguard SP 500 | PairCorr |
| 0.53 | XFR | iShares Floating Rate | PairCorr |
| 0.46 | XIU | iShares SPTSX 60 | PairCorr |
| 0.46 | XIC | iShares Core SPTSX | PairCorr |
The ability to find closely correlated positions to NBI Unconstrained could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NBI Unconstrained 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 NBI Unconstrained - 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 NBI Unconstrained Fixed to buy it.
The correlation of NBI Unconstrained 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 NBI Unconstrained moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NBI Unconstrained Fixed 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 NBI Unconstrained 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 NBI Etf
NBI Unconstrained financial ratios help investors to determine whether NBI 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 NBI with respect to the benefits of owning NBI Unconstrained security.