Beta Shares (Australia) Market Value

QFN Etf   16.36  0.34  2.12%   
Beta Shares' market value is the price at which a share of Beta Shares trades on a public exchange. It measures the collective expectations of Beta Shares SPASX investors about its performance. Beta Shares is selling for under 16.36 as of the 24th of December 2024; that is 2.12% increase since the beginning of the trading day. The etf's last reported lowest price was 16.15.
With this module, you can estimate the performance of a buy and hold strategy of Beta Shares SPASX and determine expected loss or profit from investing in Beta Shares over a given investment horizon. Check out Beta Shares Correlation, Beta Shares Volatility and Beta Shares Alpha and Beta module to complement your research on Beta Shares.
Symbol

Please note, there is a significant difference between Beta Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Beta Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beta Shares' 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.

Beta Shares '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 Beta Shares' 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 Beta Shares.
0.00
01/04/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/24/2024
0.00
If you would invest  0.00  in Beta Shares on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Beta Shares SPASX or generate 0.0% return on investment in Beta Shares over 720 days. Beta Shares is related to or competes with ISharesGlobal 100, IShares Core, Vanguard Total, SPDR SP, IShares Core, VanEck Morningstar, and VanEck Vectors. Beta Shares is entity of Australia. It is traded as Etf on AU exchange. More

Beta Shares 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 Beta Shares' 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 Beta Shares SPASX upside and downside potential and time the market with a certain degree of confidence.

Beta Shares Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Beta Shares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beta Shares' standard deviation. In reality, there are many statistical measures that can use Beta Shares historical prices to predict the future Beta Shares' volatility.
Hype
Prediction
LowEstimatedHigh
15.3316.3617.39
Details
Intrinsic
Valuation
LowRealHigh
14.3815.4116.44
Details

Beta Shares SPASX Backtested Returns

Currently, Beta Shares SPASX is very steady. Beta Shares SPASX secures Sharpe Ratio (or Efficiency) of 0.0873, which signifies that the etf had a 0.0873% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Beta Shares SPASX, which you can use to evaluate the volatility of the entity. Please confirm Beta Shares' insignificant Risk Adjusted Performance, mean deviation of 0.7987, and Standard Deviation of 1.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0896%. The etf shows a Beta (market volatility) of -0.0521, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Beta Shares are expected to decrease at a much lower rate. During the bear market, Beta Shares is likely to outperform the market.

Auto-correlation

    
  0.38  

Below average predictability

Beta Shares SPASX has below average predictability. Overlapping area represents the amount of predictability between Beta Shares time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 Beta Shares SPASX price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Beta Shares price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.32
Residual Average0.0
Price Variance1.84

Beta Shares SPASX lagged returns against current returns

Autocorrelation, which is Beta Shares 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 Beta Shares' etf expected returns. We can calculate the autocorrelation of Beta Shares returns to help us make a trade decision. For example, suppose you find that Beta Shares 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  

Beta Shares 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 Beta Shares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beta Shares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beta Shares etf over time.
   Current vs Lagged Prices   
       Timeline  

Beta Shares Lagged Returns

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

Thematic Opportunities

Explore Investment Opportunities

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Other Information on Investing in Beta Etf

Beta Shares financial ratios help investors to determine whether Beta 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 Beta with respect to the benefits of owning Beta Shares security.