Global Healthcare Income Fund Fundamentals
| HIG Fund | CAD 8.21 0.03 0.37% |
Global Healthcare Income fundamentals help investors to digest information that contributes to Global Healthcare's financial success or failures. It also enables traders to predict the movement of Global Fund. The fundamental analysis module provides a way to measure Global Healthcare'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 Global Healthcare fund.
Global |
Global Healthcare Income Fund Holdings Turnover Analysis
Global Healthcare's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Current Global Healthcare Holdings Turnover | 110.70 % |
Most of Global Healthcare's fundamental indicators, such as Holdings Turnover, 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, Global Healthcare Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
| Competition |
According to the company disclosure, Global Healthcare Income has a Holdings Turnover of 110%. This is much higher than that of the Brompton Funds Limited family and significantly higher than that of the Holdings Turnover category. The holdings turnover for all Canada funds is notably lower than that of the firm.
Global Healthcare Income Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Global Healthcare's current stock value. Our valuation model uses many indicators to compare Global Healthcare value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Global Healthcare competition to find correlations between indicators driving Global Healthcare's intrinsic value. More Info.Global Healthcare Income is rated # 5 fund in net asset among similar funds. It also is rated # 5 fund in last dividend paid among similar funds . The ratio of Net Asset to Last Dividend Paid for Global Healthcare Income is about 1,050,400,000 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Global Healthcare by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Global Healthcare's Fund. 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.Did you try this?
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Fund Asset Allocation for Global Healthcare
The fund invests 49.27% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Global Healthcare'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.
Global Fundamentals
| Market Capitalization | 48.69 M | |||
| Total Asset | 52.52 M | |||
| Net Asset | 52.52 M | |||
| Last Dividend Paid | 0.05 | |||
| Holdings Turnover | 110.70 % | |||
| Equity Positions Weight | 49.27 % |
About Global Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Global Healthcare Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Global Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Global Healthcare Income based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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.The investment objectives of HIG are to provide holders of Units of HIG with stable monthly cash distributions the opportunity for capital appreciation and lower overall volatility of portfolio returns than would otherwise be experienced by owning securities of Healthcare Companies directly. BROMPTON GLOBAL is traded on Toronto Stock Exchange in Canada.
Pair Trading with Global Healthcare
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 Global Healthcare 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 Global Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving against Global Fund
| 0.86 | 0P000075FV | Fidelity Canadian Growth | PairCorr |
| 0.85 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.78 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.77 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.75 | 0P00007065 | RBC mondial dnergie | PairCorr |
The ability to find closely correlated positions to Global Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Healthcare 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 Global Healthcare - 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 Global Healthcare Income to buy it.
The correlation of Global Healthcare 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 Global Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Healthcare Income 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 Global Healthcare 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 Global Fund
Global Healthcare financial ratios help investors to determine whether Global Fund 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 Global with respect to the benefits of owning Global Healthcare security.
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