Hamilton Canadian Beta vs. Three Year Return
| HCA Etf | CAD 24.21 0.17 0.71% |
For Hamilton Canadian profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hamilton Canadian to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hamilton Canadian Bank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hamilton Canadian's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hamilton Canadian Bank over time as well as its relative position and ranking within its peers.
Hamilton |
Hamilton Canadian Bank Three Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hamilton Canadian's current stock value. Our valuation model uses many indicators to compare Hamilton Canadian value to that of its competitors to determine the firm's financial worth. Hamilton Canadian Bank is one of the top ETFs in beta as compared to similar ETFs. It also is one of the top ETFs in three year return as compared to similar ETFs reporting about 5.70 of Three Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Hamilton Canadian by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hamilton Canadian's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Hamilton Three Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Hamilton Canadian |
| = | 1.07 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Hamilton Canadian |
| = | 6.10 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Hamilton Three Year Return Comparison
Hamilton Canadian is currently under evaluation in three year return as compared to similar ETFs.
Beta Analysis
Hamilton Canadian returns are very sensitive to returns on the market. As the market goes up or down, Hamilton Canadian is expected to follow.
Hamilton Canadian Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hamilton Canadian, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hamilton Canadian will eventually generate negative long term returns. The profitability progress is the general direction of Hamilton Canadian's change in net profit over the period of time. It can combine multiple indicators of Hamilton Canadian, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
HAMILTON CDN is traded on Toronto Stock Exchange in Canada.
Hamilton Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hamilton Canadian. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hamilton Canadian position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hamilton Canadian's important profitability drivers and their relationship over time.
Use Hamilton Canadian in pair-trading
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Hamilton Canadian Pair Trading
Hamilton Canadian Bank Pair Trading Analysis
The ability to find closely correlated positions to Hamilton Canadian 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 Canadian 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 Canadian - 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 Canadian Bank to buy it.
The correlation of Hamilton Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Canadian Bank 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 Canadian 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.Use Investing Themes to Complement your Hamilton Canadian position
In addition to having Hamilton Canadian in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Exotic Funds Thematic Idea Now
Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Exotic Funds Theme or any other thematic opportunities.
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Other Information on Investing in Hamilton Etf
To fully project Hamilton Canadian's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hamilton Canadian Bank at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Hamilton Canadian's income statement, its balance sheet, and the statement of cash flows.