Hamilton MidSmall Financial Statements From 2010 to 2024
| HUM Etf | CAD 38.88 0.08 0.21% |
Check Hamilton MidSmall financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hamilton MidSmall'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 MidSmall Valuation or Volatility modules.
Hamilton |
Hamilton MidSmall Cap Financials ETF Beta Analysis
Hamilton MidSmall's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Hamilton MidSmall Beta | 1.34 |
Most of Hamilton MidSmall's fundamental indicators, such as Beta, 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 MidSmall Cap Financials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Hamilton MidSmall Cap Financials has a Beta of 1.34. This is much higher than that of the Hamilton Capital Partners Inc. family and significantly higher than that of the Financial Services Equity category. The beta for all Canada etfs is notably lower than that of the firm.
About Hamilton MidSmall Financial Statements
Hamilton MidSmall 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 is traded on Toronto Stock Exchange in Canada.
Pair Trading with Hamilton MidSmall
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 MidSmall 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 MidSmall will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.87 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.91 | XFN | iShares SPTSX Capped | PairCorr |
| 0.96 | ZBK | BMO Equal Weight | PairCorr |
| 0.82 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.96 | ZUB | BMO Equal Weight | PairCorr |
Moving against Hamilton Etf
| 0.89 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.85 | HIU | BetaPro SP 500 | PairCorr |
| 0.8 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.35 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to Hamilton MidSmall 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 MidSmall 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 MidSmall - 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 MidSmall Cap Financials to buy it.
The correlation of Hamilton MidSmall 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 MidSmall moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton MidSmall Cap 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 MidSmall 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 MidSmall 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 MidSmall security.