Rbc Quant Eafe Etf Market Value

RID Etf  CAD 26.74  0.18  0.68%   
RBC Quant's market value is the price at which a share of RBC Quant trades on a public exchange. It measures the collective expectations of RBC Quant EAFE investors about its performance. RBC Quant is selling at 26.74 as of the 4th of December 2024; that is 0.68% up since the beginning of the trading day. The etf's open price was 26.56.
With this module, you can estimate the performance of a buy and hold strategy of RBC Quant EAFE and determine expected loss or profit from investing in RBC Quant over a given investment horizon. Check out RBC Quant Correlation, RBC Quant Volatility and RBC Quant Alpha and Beta module to complement your research on RBC Quant.
Symbol

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

RBC Quant '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 RBC Quant'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 RBC Quant.
0.00
12/15/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/04/2024
0.00
If you would invest  0.00  in RBC Quant on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding RBC Quant EAFE or generate 0.0% return on investment in RBC Quant over 720 days. RBC Quant is related to or competes with RBC Quant, RBC Quant, RBC Quant, RBC Quant, and RBC 1. The fund seeks to provide unitholders with exposure to the performance of a diversified portfolio of high-quality divide... More

RBC Quant 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 RBC Quant'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 RBC Quant EAFE upside and downside potential and time the market with a certain degree of confidence.

RBC Quant Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Quant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Quant's standard deviation. In reality, there are many statistical measures that can use RBC Quant historical prices to predict the future RBC Quant's volatility.
Hype
Prediction
LowEstimatedHigh
26.0326.7427.45
Details
Intrinsic
Valuation
LowRealHigh
25.9926.7027.41
Details
Naive
Forecast
LowNextHigh
26.6427.3528.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.0126.3326.64
Details

RBC Quant EAFE Backtested Returns

As of now, RBC Etf is very steady. RBC Quant EAFE retains Efficiency (Sharpe Ratio) of 0.0343, which implies the etf had a 0.0343% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for RBC Quant, which you can use to evaluate the volatility of the entity. Please check RBC Quant's market risk adjusted performance of (0.09), and Coefficient Of Variation of (14,937) to confirm if the risk estimate we provide is consistent with the expected return of 0.0242%. The entity owns a Beta (Systematic Risk) of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, RBC Quant's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC Quant is expected to be smaller as well.

Auto-correlation

    
  0.64  

Good predictability

RBC Quant EAFE has good predictability. Overlapping area represents the amount of predictability between RBC Quant time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 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 RBC Quant EAFE price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current RBC Quant price fluctuation can be explain by its past prices.
Correlation Coefficient0.64
Spearman Rank Test0.66
Residual Average0.0
Price Variance1.47

RBC Quant EAFE lagged returns against current returns

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

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

RBC Quant Lagged Returns

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

Pair Trading with RBC Quant

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

Moving together with RBC Etf

  0.89XEF iShares Core MSCIPairCorr
  0.9ZEA BMO MSCI EAFEPairCorr
  0.89VIU Vanguard FTSE DevelopedPairCorr
  0.67XIN iShares MSCI EAFEPairCorr
  0.62XFH iShares Core MSCIPairCorr

Moving against RBC Etf

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  0.34HBGD Global X BigPairCorr
The ability to find closely correlated positions to RBC Quant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Quant 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 RBC Quant - 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 RBC Quant EAFE to buy it.
The correlation of RBC Quant 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 RBC Quant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Quant EAFE 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 RBC Quant 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 RBC Etf

RBC Quant financial ratios help investors to determine whether RBC 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 RBC with respect to the benefits of owning RBC Quant security.