Betapro OTC Stock Performance

HZNSF
 Stock
  

USD 8.07  0.00  0.00%   

The firm shows a Beta (market volatility) of 0.1038, which signifies not very significant fluctuations relative to the market. Let's try to break down what Betapro's beta means in this case. As returns on the market increase, Betapro Canadian returns are expected to increase less than the market. However, during the bear market, the loss on holding Betapro Canadian will be expected to be smaller as well. Even though it is essential to pay attention to Betapro Canadian Gold historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Betapro Canadian Gold exposes twenty-one different technical indicators, which can help you to evaluate its performance. Betapro Canadian Gold has an expected return of -0.39%. Please be advised to confirm Betapro Canadian Gold information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Betapro Canadian Gold performance from the past will be repeated at some point in the near future.
  
Betapro Performance
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Over the last 90 days Betapro Canadian Gold has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in November 2022. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more

Betapro Price Channel

Betapro Canadian Relative Risk vs. Return Landscape

If you would invest  1,071  in Betapro Canadian Gold on July 3, 2022 and sell it today you would lose (264.00)  from holding Betapro Canadian Gold or give up 24.65% of portfolio value over 90 days. Betapro Canadian Gold is currently producing negative expected returns and takes up 3.1056% volatility of returns over 90 trading days. Put another way, 26% of traded otc stocks are less volatile than Betapro, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Betapro Canadian is expected to under-perform the market. In addition to that, the company is 2.71 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of volatility.

Betapro Canadian Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Betapro Canadian's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Betapro Canadian Gold, and traders can use it to determine the average amount a Betapro Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.126

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Estimated Market Risk
 3.11
  actual daily
 
 27 %
of total potential
 
2727
Expected Return
 -0.39
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 0 %
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Risk-Adjusted Return
 -0.13
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Based on monthly moving average Betapro Canadian is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Betapro Canadian by adding it to a well-diversified portfolio.

About Betapro Canadian Performance

To evaluate Betapro Canadian Gold OTC Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Betapro Canadian generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Betapro OTC Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Betapro Canadian Gold market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Betapro's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
BetaPro Canadian Gold Miners 2x Daily Bull ETF is an exchange traded fund launched and managed by Horizons ETFs Management Inc. BetaPro Canadian Gold Miners 2x Daily Bull ETF was formed on June 4, 2007 and is domiciled in Canada. Horizons Betrapro is traded on OTC Exchange in the United States.

Things to note about Betapro Canadian Gold

Checking the ongoing alerts about Betapro Canadian for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Betapro Canadian Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Betapro Canadian Alerts

Equity Alerts and Improvement Suggestions

Betapro Canadian generated a negative expected return over the last 90 days
Betapro Canadian has high historical volatility and very poor performance
Please check Risk vs Return Analysis. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Betapro Canadian Gold price analysis, check to measure Betapro Canadian's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Betapro Canadian is operating at the current time. Most of Betapro Canadian's value examination focuses on studying past and present price action to predict the probability of Betapro Canadian's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Betapro Canadian's price. Additionally, you may evaluate how the addition of Betapro Canadian to your portfolios can decrease your overall portfolio volatility.
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Is Betapro Canadian's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Betapro Canadian. If investors know Betapro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Betapro Canadian listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Betapro Canadian Gold is measured differently than its book value, which is the value of Betapro that is recorded on the company's balance sheet. Investors also form their own opinion of Betapro Canadian's value that differs from its market value or its book value, called intrinsic value, which is Betapro Canadian's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Betapro Canadian's market value can be influenced by many factors that don't directly affect Betapro Canadian's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Betapro Canadian's value and its price as these two are different measures arrived at by different means. Investors typically determine Betapro Canadian value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Betapro Canadian'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.