Harvest Tech Achievers Etf Performance
| HTAE Etf | 17.58 0.03 0.17% |
The etf retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Harvest Tech returns are very sensitive to returns on the market. As the market goes up or down, Harvest Tech is expected to follow.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Harvest Tech Achievers are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Harvest Tech may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
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Harvest Tech Relative Risk vs. Return Landscape
If you would invest 1,564 in Harvest Tech Achievers on September 1, 2024 and sell it today you would earn a total of 194.00 from holding Harvest Tech Achievers or generate 12.4% return on investment over 90 days. Harvest Tech Achievers is generating 0.1944% of daily returns and assumes 1.322% volatility on return distribution over the 90 days horizon. Simply put, 11% of etfs are less volatile than Harvest, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Harvest Tech Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Tech's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Harvest Tech Achievers, and traders can use it to determine the average amount a Harvest Tech's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.147
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Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Harvest Tech is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harvest Tech by adding it to a well-diversified portfolio.
About Harvest Tech Performance
By examining Harvest Tech's fundamental ratios, stakeholders can obtain critical insights into Harvest Tech's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Harvest Tech is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Harvest Tech is entity of Canada. It is traded as Etf on TO exchange.