Nbi Active Canadian Etf Market Value
| NPRF Etf | CAD 25.69 0.13 0.51% |
| Symbol | NBI |
NBI Active '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 Active'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 Active.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in NBI Active on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding NBI Active Canadian or generate 0.0% return on investment in NBI Active over 90 days. NBI Active is related to or competes with TD Active, RBC Canadian, Dynamic Active, NBI Global, and NBI Liquid. The Preferred Shares ETF investment objective is to generate tax-efficient dividend income while focusing on capital pre... More
NBI Active 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 Active'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 Active Canadian upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3688 | |||
| Information Ratio | 0.0574 | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.7796 |
NBI Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBI Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBI Active's standard deviation. In reality, there are many statistical measures that can use NBI Active historical prices to predict the future NBI Active's volatility.| Risk Adjusted Performance | 0.358 | |||
| Jensen Alpha | 0.1458 | |||
| Total Risk Alpha | 0.0965 | |||
| Sortino Ratio | 0.0646 | |||
| Treynor Ratio | 2.29 |
NBI Active Canadian Backtested Returns
As of now, NBI Etf is very steady. NBI Active Canadian has Sharpe Ratio of 0.45, which conveys that the etf had a 0.45 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NBI Active, which you can use to evaluate the volatility of the entity. Please verify NBI Active's Coefficient Of Variation of 252.06, mean deviation of 0.3112, and Market Risk Adjusted Performance of 2.3 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The entity secures a Beta (Market Risk) of 0.0675, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NBI Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding NBI Active is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
NBI Active Canadian has excellent predictability. Overlapping area represents the amount of predictability between NBI Active time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. 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 Active Canadian price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current NBI Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
NBI Active Canadian lagged returns against current returns
Autocorrelation, which is NBI Active 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 Active's etf expected returns. We can calculate the autocorrelation of NBI Active returns to help us make a trade decision. For example, suppose you find that NBI Active 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 Active 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 Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBI Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBI Active etf over time.
Current vs Lagged Prices |
| Timeline |
NBI Active Lagged Returns
When evaluating NBI Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBI Active etf have on its future price. NBI Active 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 Active autocorrelation shows the relationship between NBI Active etf current value and its past values and can show if there is a momentum factor associated with investing in NBI Active Canadian.
Regressed Prices |
| Timeline |
Pair Trading with NBI Active
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 Active 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 Active will appreciate offsetting losses from the drop in the long position's value.Moving together with NBI Etf
| 0.99 | ZPR | BMO Laddered Preferred | PairCorr |
| 1.0 | HPR | Global X Active | PairCorr |
| 0.99 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.99 | RPF | RBC Canadian Preferred | PairCorr |
| 0.99 | DXP | Dynamic Active Preferred | PairCorr |
The ability to find closely correlated positions to NBI Active 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 Active 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 Active - 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 Active Canadian to buy it.
The correlation of NBI Active 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 Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NBI Active Canadian 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 Active 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 Active 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 Active security.