Harvest Clean Energy Etf Performance
| HCLN Etf | CAD 8.10 0.09 1.10% |
The etf retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harvest Clean are expected to decrease at a much lower rate. During the bear market, Harvest Clean is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Harvest Clean Energy has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Harvest Clean is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.88 |
Harvest |
Harvest Clean Relative Risk vs. Return Landscape
If you would invest 849.00 in Harvest Clean Energy on September 5, 2024 and sell it today you would lose (39.00) from holding Harvest Clean Energy or give up 4.59% of portfolio value over 90 days. Harvest Clean Energy is generating negative expected returns and assumes 1.509% volatility on return distribution over the 90 days horizon. Simply put, 13% of etfs are less volatile than Harvest, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Harvest Clean Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Clean's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Harvest Clean Energy, and traders can use it to determine the average amount a Harvest Clean's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0412
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| Negative Returns | HCLN |
Estimated Market Risk
| 1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harvest Clean is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harvest Clean by adding Harvest Clean to a well-diversified portfolio.
Harvest Clean Fundamentals Growth
Harvest Etf prices reflect investors' perceptions of the future prospects and financial health of Harvest Clean, and Harvest Clean fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Harvest Etf performance.
| Total Asset | 51.54 M | |||
About Harvest Clean Performance
By examining Harvest Clean's fundamental ratios, stakeholders can obtain critical insights into Harvest Clean's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Harvest Clean is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
HARVEST CLEAN is traded on Toronto Stock Exchange in Canada.| Harvest Clean Energy generated a negative expected return over the last 90 days | |
| The fund generated three year return of -19.0% | |
| Harvest Clean Energy retains 99.04% of its assets under management (AUM) in equities |
Other Information on Investing in Harvest Etf
Harvest Clean financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Clean security.