BetaShares Solar (Australia) Market Value
| TANN Etf | 6.79 0.05 0.74% |
| Symbol | BetaShares |
Please note, there is a significant difference between BetaShares Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if BetaShares Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BetaShares Solar'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.
BetaShares Solar '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 BetaShares Solar'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 BetaShares Solar.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in BetaShares Solar on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding BetaShares Solar ETF or generate 0.0% return on investment in BetaShares Solar over 720 days. BetaShares Solar is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. BetaShares Solar is entity of Australia. It is traded as Etf on AU exchange. More
BetaShares Solar 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 BetaShares Solar'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 BetaShares Solar ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.63 |
BetaShares Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetaShares Solar's standard deviation. In reality, there are many statistical measures that can use BetaShares Solar historical prices to predict the future BetaShares Solar's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.62) |
BetaShares Solar ETF Backtested Returns
BetaShares Solar ETF secures Sharpe Ratio (or Efficiency) of -0.0679, which signifies that the etf had a -0.0679% return per unit of risk over the last 3 months. BetaShares Solar ETF exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BetaShares Solar's Mean Deviation of 1.24, standard deviation of 1.86, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BetaShares Solar's returns are expected to increase less than the market. However, during the bear market, the loss of holding BetaShares Solar is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
BetaShares Solar ETF has very good predictability. Overlapping area represents the amount of predictability between BetaShares Solar time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 BetaShares Solar ETF price movement. The serial correlation of 0.81 indicates that around 81.0% of current BetaShares Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
BetaShares Solar ETF lagged returns against current returns
Autocorrelation, which is BetaShares Solar 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 BetaShares Solar's etf expected returns. We can calculate the autocorrelation of BetaShares Solar returns to help us make a trade decision. For example, suppose you find that BetaShares Solar 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 |
BetaShares Solar 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 BetaShares Solar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetaShares Solar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetaShares Solar etf over time.
Current vs Lagged Prices |
| Timeline |
BetaShares Solar Lagged Returns
When evaluating BetaShares Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetaShares Solar etf have on its future price. BetaShares Solar 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, BetaShares Solar autocorrelation shows the relationship between BetaShares Solar etf current value and its past values and can show if there is a momentum factor associated with investing in BetaShares Solar ETF.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BetaShares Etf
BetaShares Solar financial ratios help investors to determine whether BetaShares 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 BetaShares with respect to the benefits of owning BetaShares Solar security.