Harvest Global Gold Etf Equity Positions Weight
| HGGG Etf | CAD 35.40 0.21 0.60% |
Harvest Global Gold fundamentals help investors to digest information that contributes to Harvest Global's financial success or failures. It also enables traders to predict the movement of Harvest Etf. The fundamental analysis module provides a way to measure Harvest Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Harvest Global etf.
Harvest |
Harvest Global Gold ETF Equity Positions Weight Analysis
Harvest Global's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Current Harvest Global Equity Positions Weight | 99.52 % |
Most of Harvest Global's fundamental indicators, such as Equity Positions Weight, 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, Harvest Global Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, Harvest Global Gold has an Equity Positions Weight of 99%. This is much higher than that of the Harvest Portfolios Group Inc. family and significantly higher than that of the Precious Metals Equity category. The equity positions weight for all Canada etfs is notably lower than that of the firm.
Harvest Equity Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Harvest Global's direct or indirect competition against its Equity Positions Weight to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Harvest Global could also be used in its relative valuation, which is a method of valuing Harvest Global by comparing valuation metrics of similar companies.Harvest Global is currently under evaluation in equity positions weight as compared to similar ETFs.
Fund Asset Allocation for Harvest Global
The fund invests 99.52% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Harvest Global'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.
Harvest Fundamentals
| Beta | 0.98 | |||
| Total Asset | 5.93 M | |||
| One Year Return | 39.10 % | |||
| Three Year Return | 9.90 % | |||
| Five Year Return | 9.20 % | |||
| Net Asset | 5.93 M | |||
| Equity Positions Weight | 99.52 % |
About Harvest Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Harvest Global Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Harvest Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Harvest Global Gold 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 Harvest Global
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 Harvest Global 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 Harvest Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Harvest Etf
| 0.88 | XGD | iShares SPTSX Global | PairCorr |
| 0.98 | ZGD | BMO Equal Weight | PairCorr |
| 0.97 | ZJG | BMO Junior Gold | PairCorr |
| 0.89 | HEP | Global X Enhanced | PairCorr |
The ability to find closely correlated positions to Harvest Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harvest Global 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 Harvest Global - 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 Harvest Global Gold to buy it.
The correlation of Harvest Global 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 Harvest Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harvest Global Gold 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 Harvest Global 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 Harvest Etf
Harvest Global financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Global security.