Hamilton Canadian Financial Statements From 2010 to 2024
| HMAX Etf | 14.91 0.04 0.27% |
Check Hamilton Canadian financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hamilton Canadian's main balance sheet or income statement drivers, such as , as well as many indicators such as . Hamilton financial statements analysis is a perfect complement when working with Hamilton Canadian Valuation or Volatility modules.
Hamilton |
Hamilton Canadian Financials ETF One Year Return Analysis
Hamilton Canadian's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Hamilton Canadian One Year Return | 28.30 % |
Most of Hamilton Canadian's fundamental indicators, such as One Year Return, 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, Hamilton Canadian Financials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, Hamilton Canadian Financials has an One Year Return of 28.3%. This is much higher than that of the family and significantly higher than that of the Financial Services Equity category. The one year return for all Canada etfs is notably lower than that of the firm.
About Hamilton Canadian Financial Statements
Hamilton Canadian investors utilize fundamental indicators, such as revenue or net income, to predict how Hamilton Etf 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.
Hamilton Canadian is entity of Canada. It is traded as Etf on TO exchange.
Pair Trading with Hamilton Canadian
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 Hamilton Canadian 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 Hamilton Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.98 | ZEB | BMO SPTSX Equal | PairCorr |
| 1.0 | XFN | iShares SPTSX Capped | PairCorr |
| 0.82 | ZBK | BMO Equal Weight | PairCorr |
| 0.98 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.8 | ZUB | BMO Equal Weight | PairCorr |
The ability to find closely correlated positions to Hamilton Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hamilton Canadian 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 Hamilton Canadian - 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 Hamilton Canadian Financials to buy it.
The correlation of Hamilton Canadian 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 Hamilton Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Canadian 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 Hamilton Canadian 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 Hamilton Etf
Hamilton Canadian financial ratios help investors to determine whether Hamilton Etf 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 Hamilton with respect to the benefits of owning Hamilton Canadian security.