Hamilton Equity Yield Etf Market Value
| SMAX Etf | 20.27 0.13 0.65% |
| Symbol | Hamilton |
Hamilton Equity '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 Equity'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 Equity.
| 04/15/2024 |
| 01/10/2025 |
If you would invest 0.00 in Hamilton Equity on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding Hamilton Equity YIELD or generate 0.0% return on investment in Hamilton Equity over 270 days. Hamilton Equity is related to or competes with Hamilton Enhanced, Hamilton Australian, Hamilton MidSmall, Hamilton Canadian, Hamilton Canadian, and Hamilton Energy. Hamilton Equity is entity of Canada. It is traded as Etf on TO exchange. More
Hamilton Equity 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 Equity'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 Equity YIELD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8346 | |||
| Information Ratio | 0.1208 | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.26 |
Hamilton Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamilton Equity's standard deviation. In reality, there are many statistical measures that can use Hamilton Equity historical prices to predict the future Hamilton Equity's volatility.| Risk Adjusted Performance | 0.123 | |||
| Jensen Alpha | 0.1175 | |||
| Total Risk Alpha | 0.0998 | |||
| Sortino Ratio | 0.1205 | |||
| Treynor Ratio | 3.5 |
Hamilton Equity YIELD Backtested Returns
As of now, Hamilton Etf is very steady. Hamilton Equity YIELD 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 twenty-nine technical indicators for Hamilton Equity YIELD, which you can use to evaluate the volatility of the entity. Please check out Hamilton Equity's Market Risk Adjusted Performance of 3.51, downside deviation of 0.8346, and Risk Adjusted Performance of 0.123 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.0337, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hamilton Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamilton Equity is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Hamilton Equity YIELD has very good predictability. Overlapping area represents the amount of predictability between Hamilton Equity time series from 15th of April 2024 to 28th of August 2024 and 28th of August 2024 to 10th of January 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 Equity YIELD price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Hamilton Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Hamilton Equity YIELD lagged returns against current returns
Autocorrelation, which is Hamilton Equity 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 Equity's etf expected returns. We can calculate the autocorrelation of Hamilton Equity returns to help us make a trade decision. For example, suppose you find that Hamilton Equity 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 Equity 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 Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamilton Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamilton Equity etf over time.
Current vs Lagged Prices |
| Timeline |
Hamilton Equity Lagged Returns
When evaluating Hamilton Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamilton Equity etf have on its future price. Hamilton Equity 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 Equity autocorrelation shows the relationship between Hamilton Equity etf current value and its past values and can show if there is a momentum factor associated with investing in Hamilton Equity YIELD.
Regressed Prices |
| Timeline |
Pair Trading with Hamilton Equity
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 Equity 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 Equity will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.89 | XSP | iShares Core SP | PairCorr |
| 0.99 | ZSP | BMO SP 500 | PairCorr |
| 0.99 | VFV | Vanguard SP 500 | PairCorr |
| 0.99 | HXS | Global X SP | PairCorr |
| 0.99 | XUS | iShares Core SP | PairCorr |
Moving against Hamilton Etf
The ability to find closely correlated positions to Hamilton Equity 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 Equity 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 Equity - 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 Equity YIELD to buy it.
The correlation of Hamilton Equity 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 Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Equity 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 Equity 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.Check out Hamilton Equity Correlation, Hamilton Equity Volatility and Hamilton Equity Alpha and Beta module to complement your research on Hamilton Equity. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Hamilton Equity technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.