We consider Questrade Russell not too risky. Questrade Russell 1000 maintains Sharpe Ratio (i.e. Efficiency) of 0.3691 which implies Questrade Russell 1000 had 0.3691% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Questrade Russell 1000 which you can use to evaluate future volatility of the etf. Please check Questrade Russell 1000 Coefficient Of Variation of 227.04 and Risk Adjusted Performance of 0.1051 to confirm if risk estimate we provide are consistent with the epected return of 0.1386%.
|Investment Horizon||30 Days Login to change|
Questrade Russell Market Sensitivity
|As returns on market increase, Questrade Russell returns are expected to increase less than the market. However during bear market, the loss on holding Questrade Russell will be expected to be smaller as well.One Month Beta |Analyze Questrade Russell 1000 Demand TrendCheck current 30 days Questrade Russell correlation with market (DOW)|
β = 0.6604
Projected Return Density Against MarketAssuming 30 trading days horizon, Questrade Russell has beta of 0.6604 . This implies as returns on market go up, Questrade Russell average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD will be expected to be much smaller as well. Moreover, Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD has an alpha of 0.0871 implying that it can potentially generate 0.0871% excess return over DOW after adjusting for the inherited market risk (beta).
Assuming 30 trading days horizon, the coefficient of variation of Questrade Russell is 270.89. The daily returns are destributed with a variance of 0.14 and standard deviation of 0.38. The mean deviation of Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is currently at 0.3. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23