Health Care Select Etf Performance
| XLV Etf | USD 144.16 0.13 0.09% |
The etf retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Health Care's returns are expected to increase less than the market. However, during the bear market, the loss of holding Health Care is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Health Care Select has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Etf's essential indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the fund sophisticated investors. ...more
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| In Threey Sharp Ratio | 0.12 |
Health |
Health Care Relative Risk vs. Return Landscape
If you would invest 15,503 in Health Care Select on August 27, 2024 and sell it today you would lose (1,087) from holding Health Care Select or give up 7.01% of portfolio value over 90 days. Health Care Select is generating negative expected returns assuming volatility of 0.6689% on return distribution over 90 days investment horizon. In other words, 5% of etfs are less volatile than Health, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Health Care Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Health Care's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Health Care Select, and traders can use it to determine the average amount a Health Care'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 = -0.1664
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| Negative Returns | XLV |
Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Health Care 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 Health Care by adding Health Care to a well-diversified portfolio.
Health Care Fundamentals Growth
Health Etf prices reflect investors' perceptions of the future prospects and financial health of Health Care, and Health Care 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 Health Etf performance.
| Price To Earning | 4.40 X | |||
| Price To Book | 2.99 X | |||
| Price To Sales | 1.60 X | |||
| Earnings Per Share | 6.78 X | |||
| Total Asset | 35.9 B | |||
About Health Care Performance
Evaluating Health Care's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Health Care 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 Health Care 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.
In seeking to track the performance of the index, the fund employs a replication strategy. SP 500 is traded on NYSEARCA Exchange in the United States.| Health Care Select generated a negative expected return over the last 90 days | |
| Latest headline from benzinga.com: Leading And Lagging Sectors For November 20, 2024 | |
| The fund keeps 99.89% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Health Care Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of Health Care Select is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Care's value that differs from its market value or its book value, called intrinsic value, which is Health Care'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 Health Care's market value can be influenced by many factors that don't directly affect Health Care'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 Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care'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.