Questrade Russell Buy or Sell Recommendation

Macroaxis provides Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Questrade Russell positions. The advice algorithm takes into account all of Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from Questrade Russell buy-and-hold prospective. Additionally take a look at Questrade Russell Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with current analyst consensus

Investment Horizon

  

Risk Tolerance

  
Symbol
Execute Advice
Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD -- Canada ETF  

CAD 28.46  0.24  0.85%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is 'Buy'.
For the selected time horizon Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD has a risk adjusted performance of 0.1178, jensen alpha of 0.0159, total risk alpha of (0.12), sortino ratio of 0.0 and treynor ratio of 0.203
Macroaxis recommendation module can be used to complement current analysts and expert consensus on Questrade Russell. Our advice engine exercises analyzes the etf potential to grow using all fundamental data market data available at the time. Please employ Questrade Russell Total Asset and Equity Positions Weight to make buy, hold, or sell decision on Questrade Russell 1000.

Returns Distribution Density

Mean Return0.18Value At Risk-0.3542
Potential Upside0.6955Standard Deviation0.4155
 Return Density 
      Distribution 

Questrade Russell Greeks

α
Alpha over DOW
=0.015869
βBeta against DOW=0.81
σ
Overall volatility
=0.36
 IrInformation ratio =0.04

Questrade Russell Volatility Alert

Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD exhibits very low volatility with skewness of -0.32 and kurtosis of -0.44. However, we advise investors to further study Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD technical indicators to make sure all market info is available and is reliable.
    
 Better Than Average     
    
 Worse Than Average Compare Questrade Russell to competition
FundamentalsQuestrade RussellPeer Average
Price to Earning23.63 times8.24 times
Price to Book2.85 times0.97 times
Price to Sales1.59 times0.72 times
One Year Return37.41 % (1.25) %
Net Asset5.09 M888.73 M
Holdings Turnover35.21 % 11.49 %
Equity Positions Weight49.49 % 49.22 %
SellBuy
Buy

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Currently Unavailable

Piotroski F Score

Currently Unavailable

Financial Leverage

Inapplicable
Risk Adjusted Performance0.1178
Market Risk Adjusted Performance0.213
Mean Deviation0.3464
Coefficient Of Variation237.19
Standard Deviation0.4155
Variance0.1726
Information Ratio(0.044024)
Jensen Alpha0.0159
Total Risk Alpha(0.12)
Treynor Ratio0.203
Maximum Drawdown1.05
Value At Risk(0.35)
Potential Upside0.6955
Skewness(0.32)
Kurtosis(0.44)