Hamilton Global Financials Etf Market Value
| HFG Etf | CAD 29.31 0.36 1.24% |
| Symbol | Hamilton |
Hamilton Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hamilton Global's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hamilton Global.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Hamilton Global on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Hamilton Global Financials or generate 0.0% return on investment in Hamilton Global over 30 days. Hamilton Global is related to or competes with Hamilton Canadian, Hamilton Australian, Hamilton Enhanced, and Hamilton Mid. HAMILTON GLOBAL is traded on Toronto Stock Exchange in Canada. More
Hamilton Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hamilton Global's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hamilton Global Financials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7314 | |||
| Information Ratio | 0.152 | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 1.14 |
Hamilton Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamilton Global's standard deviation. In reality, there are many statistical measures that can use Hamilton Global historical prices to predict the future Hamilton Global's volatility.| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | 0.1038 | |||
| Total Risk Alpha | 0.1087 | |||
| Sortino Ratio | 0.1489 | |||
| Treynor Ratio | 0.4883 |
Hamilton Global Fina Backtested Returns
As of now, Hamilton Etf is very steady. Hamilton Global Fina holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Hamilton Global Fina, which you can use to evaluate the volatility of the entity. Please check out Hamilton Global's Market Risk Adjusted Performance of 0.4983, risk adjusted performance of 0.1152, and Downside Deviation of 0.7314 to validate if the risk estimate we provide is consistent with the expected return of 0.0932%. The etf retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hamilton Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamilton Global is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Hamilton Global Financials has virtually no predictability. Overlapping area represents the amount of predictability between Hamilton Global time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hamilton Global Fina price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Hamilton Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hamilton Global Fina lagged returns against current returns
Autocorrelation, which is Hamilton Global etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hamilton Global's etf expected returns. We can calculate the autocorrelation of Hamilton Global returns to help us make a trade decision. For example, suppose you find that Hamilton Global has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hamilton Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hamilton Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamilton Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamilton Global etf over time.
Current vs Lagged Prices |
| Timeline |
Hamilton Global Lagged Returns
When evaluating Hamilton Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamilton Global etf have on its future price. Hamilton Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hamilton Global autocorrelation shows the relationship between Hamilton Global etf current value and its past values and can show if there is a momentum factor associated with investing in Hamilton Global Financials.
Regressed Prices |
| Timeline |
Other Information on Investing in Hamilton Etf
Hamilton Global 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 Global security.