The Hoya Capital Etf Performance
| HOMZ Etf | USD 51.30 0.11 0.21% |
The etf retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hoya Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hoya Capital is expected to be smaller as well.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in The Hoya Capital are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong primary indicators, Hoya Capital is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Fed Week Return To Office Behind The Curve - Seeking Alpha | 09/16/2024 |
2 | Fed Fallout Fresh Records Housing In Focus - Seeking Alpha | 09/19/2024 |
3 | The Hoya Capital Housing ETF declares monthly distribution of 0.0750 | 11/18/2024 |
| In Threey Sharp Ratio | 0.20 |
Hoya |
Hoya Capital Relative Risk vs. Return Landscape
If you would invest 4,874 in The Hoya Capital on August 30, 2024 and sell it today you would earn a total of 256.00 from holding The Hoya Capital or generate 5.25% return on investment over 90 days. The Hoya Capital is currently generating 0.0855% in daily expected returns and assumes 1.0613% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than Hoya, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Hoya Capital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoya Capital's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as The Hoya Capital, and traders can use it to determine the average amount a Hoya Capital'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 = 0.0806
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| Cash | HOMZ | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Hoya Capital is performing at about 6% of its full potential. 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 Hoya Capital by adding it to a well-diversified portfolio.
Hoya Capital Fundamentals Growth
Hoya Etf prices reflect investors' perceptions of the future prospects and financial health of Hoya Capital, and Hoya Capital 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 Hoya Etf performance.
| Total Asset | 33.18 M | |||
About Hoya Capital Performance
Evaluating Hoya Capital's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Hoya Capital has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Hoya Capital has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The index is a rules-based index composed of 100 companies that collectively represent the performance of the U.S. residential housing industry. Hoya Capital is traded on NYSEARCA Exchange in the United States.| Latest headline from seekingalpha.com: The Hoya Capital Housing ETF declares monthly distribution of 0.0750 | |
| The fund retains 99.55% of its assets under management (AUM) in equities |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hoya Capital. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of Hoya Capital is measured differently than its book value, which is the value of Hoya that is recorded on the company's balance sheet. Investors also form their own opinion of Hoya Capital's value that differs from its market value or its book value, called intrinsic value, which is Hoya Capital'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 Hoya Capital's market value can be influenced by many factors that don't directly affect Hoya Capital'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 Hoya Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoya Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoya Capital'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.