Hamilton Reits Yield Etf One Year Return
| RMAX Etf | 17.87 0.13 0.72% |
Hamilton REITs YIELD fundamentals help investors to digest information that contributes to Hamilton REITs' 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 REITs' 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 REITs etf.
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Hamilton REITs YIELD ETF One Year Return Analysis
Hamilton REITs' One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Hamilton REITs YIELD has an One Year Return of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Real Estate Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Hamilton One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton REITs' direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Hamilton REITs could also be used in its relative valuation, which is a method of valuing Hamilton REITs by comparing valuation metrics of similar companies.Hamilton REITs is currently under evaluation in one year return as compared to similar ETFs.
About Hamilton REITs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton REITs YIELD's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton REITs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton REITs YIELD 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 REITs
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 REITs 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 REITs will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.82 | XRE | iShares SPTSX Capped | PairCorr |
| 0.89 | ZRE | BMO Equal Weight | PairCorr |
| 0.85 | RIT | CI Canadian REIT | PairCorr |
| 0.9 | VRE | Vanguard FTSE Canadian | PairCorr |
| 0.62 | CGR | iShares Global Real | PairCorr |
Moving against Hamilton Etf
The ability to find closely correlated positions to Hamilton REITs 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 REITs 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 REITs - 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 REITs YIELD to buy it.
The correlation of Hamilton REITs 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 REITs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton REITs YIELD 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 REITs 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 REITs 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 REITs security.