Hamilton Energy Yield Etf One Year Return
| EMAX Etf | 14.43 0.06 0.41% |
Hamilton Energy YIELD fundamentals help investors to digest information that contributes to Hamilton Energy's financial success or failures. It also enables traders to predict the movement of Hamilton Etf. The fundamental analysis module provides a way to measure Hamilton Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hamilton Energy etf.
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Hamilton Energy YIELD ETF One Year Return Analysis
Hamilton Energy's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Hamilton Energy One Year Return | 11.90 % |
Most of Hamilton Energy's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hamilton Energy YIELD is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Hamilton Energy YIELD has an One Year Return of 11.9%. This is much higher than that of the family and significantly higher than that of the Energy Equity category. The one year return for all Canada etfs is notably lower than that of the firm.
Hamilton One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton Energy's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Hamilton Energy could also be used in its relative valuation, which is a method of valuing Hamilton Energy by comparing valuation metrics of similar companies.Hamilton Energy is rated # 2 ETF in one year return as compared to similar ETFs.
About Hamilton Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton Energy YIELD's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton Energy YIELD based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Hamilton Energy
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 Energy 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 Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.83 | XEG | iShares SPTSX Capped | PairCorr |
| 0.85 | ZEO | BMO Equal Weight | PairCorr |
| 0.94 | NXF | First Asset Energy | PairCorr |
| 0.83 | HXE | Global X SPTSX | PairCorr |
| 0.95 | HPF | Energy Leaders Plus | PairCorr |
The ability to find closely correlated positions to Hamilton Energy 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 Energy 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 Energy - 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 Energy YIELD to buy it.
The correlation of Hamilton Energy 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 Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Energy 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 Energy 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 Energy 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 Energy security.