Hamilton Midsmall Cap Financials Etf Probability Of Bankruptcy
| HUM Etf | CAD 38.88 0.08 0.21% |
Hamilton |
Hamilton MidSmall Cap Financials ETF odds of distress Analysis
Hamilton MidSmall's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Hamilton MidSmall Probability Of Bankruptcy | Less than 9% |
Most of Hamilton MidSmall's fundamental indicators, such as Probability Of Bankruptcy, 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.
Our calculation of Hamilton MidSmall probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Hamilton MidSmall odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Hamilton MidSmall Cap Financials financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Hamilton MidSmall Cap Financials has a Probability Of Bankruptcy of 9.0%. 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 probability of bankruptcy for all Canada etfs is notably lower than that of the firm.
Hamilton Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton MidSmall's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Hamilton MidSmall could also be used in its relative valuation, which is a method of valuing Hamilton MidSmall by comparing valuation metrics of similar companies.Hamilton MidSmall is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
Hamilton Fundamentals
| Beta | 1.34 | |||
| Total Asset | 44.26 M | |||
| One Year Return | 56.30 % | |||
| Three Year Return | 13.90 % | |||
| Net Asset | 44.26 M | |||
| Equity Positions Weight | 99.53 % |
About Hamilton MidSmall Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton MidSmall Cap Financials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton MidSmall using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton MidSmall Cap 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 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.