Harvest Global Gold Etf Performance
| HGGG Etf | CAD 36.47 0.11 0.30% |
The etf retains a Market Volatility (i.e., Beta) of -0.0719, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harvest Global are expected to decrease at a much lower rate. During the bear market, Harvest Global is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Harvest Global Gold has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Etf's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the ETF investors. ...more
1 | ZGD, HGGG 2 Gold ETFs with More than 20 percent Upside, According to Analysts - TipRanks | 11/08/2024 |
| In Threey Sharp Ratio | 0.31 |
Harvest |
Harvest Global Relative Risk vs. Return Landscape
If you would invest 3,933 in Harvest Global Gold on October 21, 2024 and sell it today you would lose (286.00) from holding Harvest Global Gold or give up 7.27% of portfolio value over 90 days. Harvest Global Gold is generating negative expected returns and assumes 1.8531% volatility on return distribution over the 90 days horizon. Simply put, 16% of etfs are less volatile than Harvest, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Harvest Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Harvest Global Gold, and traders can use it to determine the average amount a Harvest Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0554
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HGGG |
Estimated Market Risk
| 1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harvest Global is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harvest Global by adding Harvest Global to a well-diversified portfolio.
Harvest Global Fundamentals Growth
Harvest Etf prices reflect investors' perceptions of the future prospects and financial health of Harvest Global, and Harvest Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Harvest Etf performance.
| Total Asset | 5.93 M | |||
About Harvest Global Performance
By examining Harvest Global's fundamental ratios, stakeholders can obtain critical insights into Harvest Global's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Harvest Global is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Gold Giants Index TR. HARVEST GLOBAL is traded on Toronto Stock Exchange in Canada.| Harvest Global Gold generated a negative expected return over the last 90 days | |
| The fund retains 99.52% of its assets under management (AUM) in equities |
Other Information on Investing in Harvest Etf
Harvest Global financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Global security.