Hamilton Gold Producer Etf Market Value
| AMAX Etf | 38.39 1.57 4.26% |
| Symbol | Hamilton |
Hamilton Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hamilton Gold's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hamilton Gold.
| 01/17/2024 |
| 01/06/2026 |
If you would invest 0.00 in Hamilton Gold on January 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hamilton Gold Producer or generate 0.0% return on investment in Hamilton Gold over 720 days. Hamilton Gold is related to or competes with Hamilton Energy, IShares MSCI, Global X, AGFiQ Market, RBC Canadian, IShares SPTSX, and Hamilton Financials. More
Hamilton Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hamilton Gold's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hamilton Gold Producer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0556 | |||
| Maximum Drawdown | 12.45 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 3.96 |
Hamilton Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamilton Gold's standard deviation. In reality, there are many statistical measures that can use Hamilton Gold historical prices to predict the future Hamilton Gold's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.1405 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0508 | |||
| Treynor Ratio | 0.2237 |
Hamilton Gold Producer Backtested Returns
Hamilton Gold appears to be very steady, given 3 months investment horizon. Hamilton Gold Producer holds Efficiency (Sharpe) Ratio of 0.093, which attests that the entity had a 0.093 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hamilton Gold Producer, which you can use to evaluate the volatility of the entity. Please utilize Hamilton Gold's Risk Adjusted Performance of 0.0752, downside deviation of 2.8, and Market Risk Adjusted Performance of 0.2337 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.02, which attests to a somewhat significant risk relative to the market. Hamilton Gold returns are very sensitive to returns on the market. As the market goes up or down, Hamilton Gold is expected to follow.
Auto-correlation | 0.78 |
Good predictability
Hamilton Gold Producer has good predictability. Overlapping area represents the amount of predictability between Hamilton Gold time series from 17th of January 2024 to 11th of January 2025 and 11th of January 2025 to 6th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hamilton Gold Producer price movement. The serial correlation of 0.78 indicates that around 78.0% of current Hamilton Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 26.21 |
Hamilton Gold Producer lagged returns against current returns
Autocorrelation, which is Hamilton Gold etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hamilton Gold's etf expected returns. We can calculate the autocorrelation of Hamilton Gold returns to help us make a trade decision. For example, suppose you find that Hamilton Gold has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hamilton Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hamilton Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamilton Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamilton Gold etf over time.
Current vs Lagged Prices |
| Timeline |
Hamilton Gold Lagged Returns
When evaluating Hamilton Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamilton Gold etf have on its future price. Hamilton Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hamilton Gold autocorrelation shows the relationship between Hamilton Gold etf current value and its past values and can show if there is a momentum factor associated with investing in Hamilton Gold Producer.
Regressed Prices |
| Timeline |
Pair Trading with Hamilton Gold
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 Gold 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 Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.8 | XGD | iShares SPTSX Global | PairCorr |
| 0.99 | ZGD | BMO Equal Weight | PairCorr |
| 0.99 | ZJG | BMO Junior Gold | PairCorr |
| 0.9 | HEP | Global X Enhanced | PairCorr |
| 0.76 | HGGG | Harvest Global Gold | PairCorr |
Moving against Hamilton Etf
The ability to find closely correlated positions to Hamilton Gold 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 Gold 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 Gold - 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 Gold Producer to buy it.
The correlation of Hamilton Gold 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 Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Gold Producer 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 Gold 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 Gold 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 Gold security.