We consider Questrade Russell unknown risk. Questrade Russell 1000 maintains Sharpe Ratio (i.e. Efficiency) of 0.3808 which implies Questrade Russell 1000 had 0.3808% 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 423.54 and Risk Adjusted Performance of 0.1162 to confirm if risk estimate we provide are consistent with the epected return of 0.1813%.
|Investment Horizon||30 Days Login to change|
Questrade Russell Market Sensitivity
|As returns on market increase, returns on owning Questrade Russell are expected to decrease at a much smaller rate. During bear market, Questrade Russell is likely to outperform the market.One Month Beta |Analyze Questrade Russell 1000 Demand TrendCheck current 30 days Questrade Russell correlation with market (DOW)|
β = -0.5802
Questrade Russell 1000 Technical Analysis
Projected Return Density Against MarketAssuming 30 trading days horizon, Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD has beta of -0.5802 . This implies as returns on benchmark increase, returns on holding Questrade Russell are expected to decrease at a much smaller rate. During bear market, however, Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is likely to outperform the market. Moreover, Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD has an alpha of 0.327 implying that it can potentially generate 0.327% 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 262.58. The daily returns are destributed with a variance of 0.23 and standard deviation of 0.48. The mean deviation of Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is currently at 0.27. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47