Hamilton Enhanced Canadian Etf Current Valuation
| HCAL Etf | CAD 25.41 0.06 0.24% |
Valuation analysis of Hamilton Enhanced helps investors to measure Hamilton Enhanced's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
Please note that Hamilton Enhanced's price fluctuation is very steady at this time. Calculation of the real value of Hamilton Enhanced is based on 3 months time horizon. Increasing Hamilton Enhanced's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Hamilton Enhanced is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Hamilton Etf. However, Hamilton Enhanced's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 25.41 | Real 24.69 | Hype 22.42 |
The intrinsic value of Hamilton Enhanced's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Hamilton Enhanced's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Hamilton Enhanced Canadian helps investors to forecast how Hamilton etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Hamilton Enhanced more accurately as focusing exclusively on Hamilton Enhanced's fundamentals will not take into account other important factors: Hamilton Enhanced Canadian ETF Current Valuation Analysis
Hamilton Enhanced's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Hamilton Enhanced Canadian has a Current Valuation of 0.0. This indicator is about the same for the Hamilton Capital Partners Inc. average (which is currently at 0.0) family and about the same as Alternative Equity Focused (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Hamilton Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton Enhanced's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Hamilton Enhanced could also be used in its relative valuation, which is a method of valuing Hamilton Enhanced by comparing valuation metrics of similar companies.Hamilton Enhanced is currently under evaluation in current valuation as compared to similar ETFs.
Fund Asset Allocation for Hamilton Enhanced
The fund invests 125.8% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides Hamilton Enhanced's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Hamilton Fundamentals
| Total Asset | 357.72 M | |||
| One Year Return | 51.80 % | |||
| Three Year Return | 8.00 % | |||
| Net Asset | 357.72 M | |||
| Equity Positions Weight | 125.80 % |
About Hamilton Enhanced Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton Enhanced Canadian's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton Enhanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton Enhanced Canadian based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Hamilton Enhanced
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 Enhanced 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 Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.92 | PFLS | Picton Mahoney Fortified | PairCorr |
| 0.78 | HAC | Global X Seasonal | PairCorr |
| 0.68 | ARB | Accelerate Arbitrage | PairCorr |
| 0.85 | PHE | Purpose Tactical Hedged | PairCorr |
Moving against Hamilton Etf
| 0.94 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.88 | HIU | BetaPro SP 500 | PairCorr |
| 0.86 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.32 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to Hamilton Enhanced 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 Enhanced 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 Enhanced - 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 Enhanced Canadian to buy it.
The correlation of Hamilton Enhanced 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 Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Enhanced 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 Enhanced 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 Enhanced 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 Enhanced security.