Global Healthcare Financial Statements From 2010 to 2024
| HIG Fund | CAD 8.11 0.07 0.87% |
Market Capitalization 48.7 M |
Check Global Healthcare financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Global Healthcare's main balance sheet or income statement drivers, such as , as well as many indicators such as . Global financial statements analysis is a perfect complement when working with Global Healthcare Valuation or Volatility modules.
Global |
Global Healthcare Income Fund Holdings Turnover Analysis
Global Healthcare's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Current Global Healthcare Holdings Turnover | 110.70 % |
Most of Global Healthcare's fundamental indicators, such as Holdings Turnover, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Global Healthcare Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
| Competition |
According to the company disclosure, Global Healthcare Income has a Holdings Turnover of 110%. This is much higher than that of the Brompton Funds Limited family and significantly higher than that of the Holdings Turnover category. The holdings turnover for all Canada funds is notably lower than that of the firm.
Global Healthcare Income Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Global Healthcare's current stock value. Our valuation model uses many indicators to compare Global Healthcare value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Global Healthcare competition to find correlations between indicators driving Global Healthcare's intrinsic value. More Info.Global Healthcare Income is one of the top funds in net asset among similar funds. It also is one of the top funds in last dividend paid among similar funds . The ratio of Net Asset to Last Dividend Paid for Global Healthcare Income is about 1,050,400,000 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Global Healthcare by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Global Healthcare's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Global Healthcare Financial Statements
Global Healthcare investors utilize fundamental indicators, such as revenue or net income, to predict how Global Fund might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The investment objectives of HIG are to provide holders of Units of HIG with stable monthly cash distributions the opportunity for capital appreciation and lower overall volatility of portfolio returns than would otherwise be experienced by owning securities of Healthcare Companies directly. BROMPTON GLOBAL is traded on Toronto Stock Exchange in Canada.
Pair Trading with Global Healthcare
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Healthcare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving against Global Fund
| 0.84 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.83 | 0P0000OXA6 | PHN Multi Style | PairCorr |
| 0.77 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.76 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.6 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to Global Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Healthcare Income to buy it.
The correlation of Global Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Healthcare Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Healthcare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Global Fund
Global Healthcare financial ratios help investors to determine whether Global Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Global with respect to the benefits of owning Global Healthcare security.
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