Hamilton Canadian Financials Etf Return On Equity
| HMAX Etf | 14.96 0.04 0.27% |
Hamilton Canadian Financials fundamentals help investors to digest information that contributes to Hamilton Canadian's financial success or failures. It also enables traders to predict the movement of Hamilton Etf. The fundamental analysis module provides a way to measure Hamilton Canadian'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 Hamilton Canadian etf.
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Hamilton Canadian Financials ETF Return On Equity Analysis
Hamilton Canadian's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Hamilton Canadian Financials has a Return On Equity of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Financial Services Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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About Hamilton Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton Canadian Financials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton Canadian Financials 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 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 |
| 0.83 | ZBK | BMO Equal Weight | PairCorr |
| 0.98 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.81 | 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.