Hamilton Utilities Yield Etf Market Value
| UMAX Etf | 13.17 0.16 1.20% |
| Symbol | Hamilton |
Hamilton Utilities '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 Utilities' 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 Utilities.
| 12/02/2025 |
| 01/01/2026 |
If you would invest 0.00 in Hamilton Utilities on December 2, 2025 and sell it all today you would earn a total of 0.00 from holding Hamilton Utilities YIELD or generate 0.0% return on investment in Hamilton Utilities over 30 days. Hamilton Utilities is related to or competes with Hamilton Equity, Vanguard Dividend, Wealthsimple North, Wealthsimple Developed, Mackenzie Large, Invesco Canadian, and Vanguard FTSE. Hamilton Utilities is entity of Canada. It is traded as Etf on TO exchange. More
Hamilton Utilities 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 Utilities' 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 Utilities YIELD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.66 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.5348 |
Hamilton Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamilton Utilities' standard deviation. In reality, there are many statistical measures that can use Hamilton Utilities historical prices to predict the future Hamilton Utilities' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.22) |
Hamilton Utilities YIELD Backtested Returns
Hamilton Utilities YIELD holds Efficiency (Sharpe) Ratio of -0.0647, which attests that the entity had a -0.0647 % return per unit of risk over the last 3 months. Hamilton Utilities YIELD exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hamilton Utilities' Market Risk Adjusted Performance of (0.21), standard deviation of 0.388, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0514, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hamilton Utilities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamilton Utilities is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
Hamilton Utilities YIELD has excellent reverse predictability. Overlapping area represents the amount of predictability between Hamilton Utilities time series from 2nd of December 2025 to 17th of December 2025 and 17th of December 2025 to 1st 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 Utilities YIELD price movement. The serial correlation of -0.83 indicates that around 83.0% of current Hamilton Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hamilton Utilities YIELD lagged returns against current returns
Autocorrelation, which is Hamilton Utilities 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 Utilities' etf expected returns. We can calculate the autocorrelation of Hamilton Utilities returns to help us make a trade decision. For example, suppose you find that Hamilton Utilities 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 Utilities 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 Utilities etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamilton Utilities etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamilton Utilities etf over time.
Current vs Lagged Prices |
| Timeline |
Hamilton Utilities Lagged Returns
When evaluating Hamilton Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamilton Utilities etf have on its future price. Hamilton Utilities 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 Utilities autocorrelation shows the relationship between Hamilton Utilities etf current value and its past values and can show if there is a momentum factor associated with investing in Hamilton Utilities YIELD.
Regressed Prices |
| Timeline |
Pair Trading with Hamilton Utilities
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 Utilities 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 Utilities will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
Moving against Hamilton Etf
| 0.5 | ZUB | BMO Equal Weight | PairCorr |
| 0.48 | ZBK | BMO Equal Weight | PairCorr |
| 0.48 | CALL | Evolve Banks Enhanced | PairCorr |
| 0.45 | TXF | First Asset Tech | PairCorr |
The ability to find closely correlated positions to Hamilton Utilities 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 Utilities 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 Utilities - 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 Utilities YIELD to buy it.
The correlation of Hamilton Utilities 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 Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Utilities 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 Utilities 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 Utilities 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 Utilities security.