Loading...

AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF

QBTL.TO•TSX
Financial Services
Asset Management
CA$18.43
CA$-0.06(-0.32%)

AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) Stock Overview

Explore AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF’s financial performance, market position, analyst ratings, and future outlook.

Meyka AI Score

F

Score: N/A

Key Financials

Market Cap235.1M
P/E RatioN/A
EPS (TTM)$1.11
ROE0.00%
Fundamental Analysis

AI Price Forecasts

1 Week$19.44
1 Month$19.98
3 Months$20.93
1 Year Target$20.01

QBTL.TO Stock Analysis & Investment Overview

Our comprehensive AI-powered analysis of AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) provides investors with deep insights into the stock's performance, growth potential, and market positioning. With a Meyka AI Score of F, this stock demonstrates moderate investment characteristics based on our advanced machine learning models.

Our forecasting models predict significant price movements, with a 12-month target of $20.01.

Key financial metrics showcase the company's fundamental strength, including a P/E ratio of N/A and a market capitalization of 235.1M. These metrics, combined with our AI analysis, provide a comprehensive view for both institutional and retail investors.

Stats data is not available for QBTL.TOStats details for QBTL.TO are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.
Analyst Recommendations data is not available for QBTL.TOAnalyst Recommendations details for QBTL.TO are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.

Company Profile

The fund follows an index that invests in long low-beta stocks and short high-beta names. The underlying index targets the top 1,000 by market cap, including REITs, in the Dow Jones U.S. Index. The fund’s market neutral approach aims to fully offset nominal long and short positions. QBLT ranks stocks in each sector by beta and individual stocks get equal weight within their sectors. Overall, long low beta, short high beta might be expected to produce negative correlation to equities despite the equal dollar offsetting exposure. While QBLT uses swaps at times, it typically takes direct short positions in stocks, rather than relying solely on derivatives for short exposure. The fund therefore incurs short interest costs, something that purely swaps based long-short funds don’t have to deal with. Also, the cost of a true market neutral exposure is something that investors should watch out for – with borrowing costs and dividends working against the fund.

Founded

2019

Frequently Asked Questions

;