Hamilton Australian Bank Etf Three Year Return
| HBA Etf | CAD 29.81 0.21 0.71% |
Hamilton Australian Bank fundamentals help investors to digest information that contributes to Hamilton Australian'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 Australian'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 Australian etf.
Hamilton |
Hamilton Australian Bank ETF Three Year Return Analysis
Hamilton Australian's 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.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Hamilton Australian Three Year Return | 18.50 % |
Most of Hamilton Australian's fundamental indicators, such as Three 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 Australian Bank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Hamilton Australian Bank has a Three Year Return of 18.5%. This is much higher than that of the Hamilton Capital Partners Inc. family and significantly higher than that of the Financial Services Equity category. The three year return for all Canada etfs is notably lower than that of the firm.
Hamilton Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton Australian's direct or indirect competition against its Three 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 Australian could also be used in its relative valuation, which is a method of valuing Hamilton Australian by comparing valuation metrics of similar companies.Hamilton Australian is currently under evaluation in three year return as compared to similar ETFs.
Fund Asset Allocation for Hamilton Australian
The fund invests 99.21% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Hamilton Australian's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Hamilton Fundamentals
| Beta | 1.02 | |||
| Total Asset | 119.93 M | |||
| One Year Return | 48.70 % | |||
| Three Year Return | 18.50 % | |||
| Net Asset | 119.93 M | |||
| Equity Positions Weight | 99.21 % |
About Hamilton Australian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton Australian Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton Australian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton Australian Bank 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 Australian
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 Australian 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 Australian will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.74 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.73 | XFN | iShares SPTSX Capped | PairCorr |
| 0.78 | ZBK | BMO Equal Weight | PairCorr |
| 0.68 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.78 | ZUB | BMO Equal Weight | PairCorr |
Moving against Hamilton Etf
The ability to find closely correlated positions to Hamilton Australian 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 Australian 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 Australian - 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 Australian Bank to buy it.
The correlation of Hamilton Australian 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 Australian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Australian 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 Australian 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 Australian 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 Australian security.