Harbor Etf Trust Etf Fundamentals
| SIHY Etf | USD 46.28 0.08 0.17% |
Harbor ETF Trust fundamentals help investors to digest information that contributes to Harbor ETF's financial success or failures. It also enables traders to predict the movement of Harbor Etf. The fundamental analysis module provides a way to measure Harbor ETF'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 Harbor ETF etf.
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Harbor ETF Trust ETF Beta Analysis
Harbor ETF's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Harbor ETF Beta | 0.81 |
Most of Harbor ETF's fundamental indicators, such as Beta, 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, Harbor ETF Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Harbor ETF Trust has a Beta of 0.81. This is much higher than that of the Harbor family and significantly higher than that of the High Yield Bond category. The beta for all United States etfs is notably lower than that of the firm.
Harbor Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Harbor ETF's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Harbor ETF could also be used in its relative valuation, which is a method of valuing Harbor ETF by comparing valuation metrics of similar companies.Harbor ETF is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Harbor ETF
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds.Asset allocation divides Harbor ETF'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.
As returns on the market increase, Harbor ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor ETF is expected to be smaller as well.
Harbor Fundamentals
| Beta | 0.81 | |||
| Total Asset | 29.22 M | |||
| One Year Return | 13.90 % | |||
| Three Year Return | 5.20 % | |||
| Net Asset | 29.22 M | |||
| Bond Positions Weight | 9.24 % |
About Harbor ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Harbor ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Harbor ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Harbor ETF Trust 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.Under normal market conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in a portfolio of below investment-grade corporate bonds, commonly referred to as high yield or junk bonds, or unrated securities that BlueCove Limited considers to be of an equivalent credit quality, which may be represented by derivative instruments, including futures and swaps. Harbor Scientific is traded on NYSEARCA Exchange in the United States.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Harbor ETF Trust is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Harbor Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Harbor Etf Trust Etf. Highlighted below are key reports to facilitate an investment decision about Harbor Etf Trust Etf:Check out Harbor ETF Piotroski F Score and Harbor ETF Altman Z Score analysis. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of Harbor ETF Trust is measured differently than its book value, which is the value of Harbor that is recorded on the company's balance sheet. Investors also form their own opinion of Harbor ETF's value that differs from its market value or its book value, called intrinsic value, which is Harbor ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harbor ETF's market value can be influenced by many factors that don't directly affect Harbor ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harbor ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.