Harvest Canadian Competition

Delisted . Canada . 
Etf . Harvest Canadian Equity
Harvest Canadian Equity competes with Harvest Premium, Harvest Balanced, Harvest Energy, Harvest Microsoft, and Harvest Equal; as well as few others. Analyzing Harvest Canadian competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Harvest Canadian to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Harvest Canadian competition on your existing holdings.
  
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harvest Canadian. Your research has to be compared to or analyzed against Harvest Canadian's peers to derive any actionable benefits. When done correctly, Harvest Canadian's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Harvest Canadian Equity.

Harvest Canadian Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Harvest Canadian and its competitors represents the degree of relationship between the price movements of corresponding delisted etfs. A correlation of about +1.0 implies that the price of Harvest and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Harvest Canadian Equity does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
JPM
+ 0.87
CRM
CRM
+ 0.82
T
XOM
+ 0.73
META
JPM
+ 0.71
F
JPM
+ 0.68
T
CRM
+ 0.64
META
  
High negative correlations   
MRK
- 0.91
CRM
MRK
- 0.84
JPM
MRK
- 0.8
T
JPM
- 0.58
A
XOM
- 0.55
MRK
MRK
- 0.52
META

Harvest Canadian Competition Risk-Adjusted Indicators

There is a big difference between Harvest Etf performing well and Harvest Canadian ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Harvest Canadian's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.11  0.13  0.06  0.31  1.37 
(1.22)
 2.69 
(3.15)
 8.02 
MSFT  0.92 (0.01)(0.03) 0.09  1.49 
(0.90)
 2.09 
(1.85)
 8.19 
UBER  1.63 (0.08)(0.03) 0.04  2.32 
(1.73)
 2.69 
(2.53)
 20.10 
F  1.43 (0.16)(0.04) 0.01  2.21 
(1.41)
 2.53 
(2.90)
 11.21 
T  0.95  0.00  0.10  0.00  0.95 
(1.06)
 2.56 
(1.86)
 6.47 
A  1.17 (0.08) 0.00 (0.05) 0.00 
 0.00 
 2.71 
(2.42)
 9.02 
CRM  1.29  0.26  0.20  0.34  1.06 
(1.50)
 3.18 
(1.91)
 9.98 
JPM  1.14 (0.04) 0.04  0.09  1.38 
(1.25)
 2.05 
(2.00)
 15.87 
MRK  0.92 (0.26) 0.00 (0.91) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  0.98 (0.05)(0.08) 0.02  1.32 
(1.03)
 2.10 
(2.09)
 5.74 
All Fundamental Data

Harvest Canadian Competitive Analysis

The better you understand Harvest Canadian competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Harvest Canadian's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Harvest Canadian's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
HPYT HBIG HPF-U LLHE-U NVHE-U MSHE HUTL
 0.1 
 10.47 
Harvest
 0.12 
 25.01 
Harvest
 0.00 
 3.98 
Harvest
 0.62 
 9.65 
Harvest
 1.78 
 12.00 
Harvest
 0.98 
 12.33 
Harvest
 1.37 
 18.04 
Harvest
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Somewhat reliable
Somewhat reliable
Somewhat reliable
Not too volatile
Very steady
Market Performance
(90 Days Performance)
Very Weak
OK
Very Weak
Very Weak
Good
OK
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
About Average
About Average
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Strong Hold
Cautious Hold
Hold
Cautious Hold
Strong Buy
Hold
Equity Positions Weight
N/A
N/A
98.85 %
N/A
N/A
N/A
97.18 %
Three Year Return
N/A
N/A
(0.79) %
N/A
N/A
N/A
7.50 %
Net Asset
N/A
N/A
N/A
N/A
N/A
N/A
12.13 M
Annual Yield
N/A
N/A
N/A
N/A
N/A
N/A
0.06 %
Five Year Return
N/A
N/A
N/A
N/A
N/A
N/A
4.20 %
One Year Return
3.50 %
N/A
(17.18) %
N/A
N/A
N/A
21.30 %
Last Dividend Paid
N/A
N/A
0.03
N/A
N/A
N/A
0.12
Beta
N/A
N/A
0.72
N/A
N/A
N/A
0.65
Day Typical Price
10.46
25.01
3.98
9.66
12.02
12.3
18.02
Accumulation Distribution
0.0095
N/A
N/A
0.0041
0.0058
0.0169
0.0132
Market Facilitation Index
0.1
N/A
N/A
0.04
0.07
0.21
0.24
Daily Balance Of Power
0.1
9.2 T
0.0
(1.50)
3.0
0.5714
(1.04)
Period Momentum Indicator
0.01
0.03
N/A
(0.06)
0.21
0.12
(0.25)
Rate Of Daily Change
1.0
1.0
1.0
0.99
1.02
1.01
0.99
Day Median Price
10.45
25.01
3.98
9.67
12.04
12.29
18.01
Price Action Indicator
0.025
0.015
N/A
(0.05)
0.07
0.1
(0.1)
Coefficient Of Variation
(2,591)
794.97
(1,881)
(892.65)
1611.45
877.24
802.84
Mean Deviation
0.5629
0.2773
0.8252
1.44
2.15
0.9836
0.5877
Jensen Alpha
(0.05)
0.0261
(0.05)
(0.34)
0.0835
0.0903
0.086
Total Risk Alpha
(0.16)
(0.02)
(0.24)
(0.67)
(0.28)
(0.06)
(0.03)
Sortino Ratio
N/A
(0.22)
N/A
N/A
0.0213
0.0214
(0.04)
Downside Variance
N/A
0.1326
N/A
N/A
10.7
2.48
0.5542
Standard Deviation
0.7761
0.362
1.14
2.53
3.13
1.39
0.7445
Kurtosis
1.45
0.3349
0.41
6.86
3.32
4.98
(0.20)
Potential Upside
1.27
0.5788
1.52
4.1
5.29
2.32
1.28
Treynor Ratio
(0.73)
0.4282
0.4945
(0.73)
0.2094
0.293
(2.93)
Maximum Drawdown
3.84
1.9
5.0
16.64
15.41
8.77
3.32
Variance
0.6023
0.1311
1.3
6.39
9.77
1.92
0.5543
Market Risk Adjusted Performance
(0.72)
0.4382
0.5045
(0.72)
0.2194
0.303
(2.92)
Risk Adjusted Performance
(0.03)
0.085
(0.04)
(0.08)
0.055
0.0916
0.0949
Skewness
(0.12)
0.0472
(0.75)
0.8319
(0.03)
(1.12)
0.0027
Semi Deviation
N/A
0.2399
N/A
N/A
2.76
1.46
0.6482
Information Ratio
(0.20)
(0.22)
(0.16)
(0.16)
0.0223
0.0243
(0.04)
Value At Risk
(1.32)
(0.53)
(2.52)
(4.36)
(4.38)
(1.86)
(1.16)
Expected Short fall
N/A
(0.32)
N/A
N/A
(2.64)
(1.04)
(0.62)
Downside Deviation
N/A
0.3641
N/A
N/A
3.27
1.57
0.7444
Semi Variance
N/A
0.0576
N/A
N/A
7.61
2.14
0.4201

Harvest Canadian Competition Performance Charts

Five steps to successful analysis of Harvest Canadian Competition

Harvest Canadian's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Harvest Canadian Equity in relation to its competition. Harvest Canadian's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Harvest Canadian in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Harvest Canadian's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Harvest Canadian Equity, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Harvest Canadian position

In addition to having Harvest Canadian in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Housewares Thematic Idea Now

Housewares
Housewares Theme
Companies making housewares accessories and providing houseware services. The Housewares theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Housewares Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Other Consideration for investing in Harvest Etf

If you are still planning to invest in Harvest Canadian Equity check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Harvest Canadian's history and understand the potential risks before investing.
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