Hamilton Canadian Financials Etf Performance
| HMAX Etf | 14.40 0.18 1.27% |
The etf retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hamilton Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamilton Canadian is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Hamilton Canadian Financials has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Hamilton Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
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Hamilton Canadian Relative Risk vs. Return Landscape
If you would invest 1,438 in Hamilton Canadian Financials on December 2, 2024 and sell it today you would earn a total of 2.00 from holding Hamilton Canadian Financials or generate 0.14% return on investment over 90 days. Hamilton Canadian Financials is generating 0.004% of daily returns and assumes 0.59% volatility on return distribution over the 90 days horizon. Simply put, 5% of etfs are less volatile than Hamilton, 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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Hamilton Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Hamilton Canadian Financials, and traders can use it to determine the average amount a Hamilton Canadian'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 = 0.0067
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HMAX |
Estimated Market Risk
| 0.59 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hamilton Canadian 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 Hamilton Canadian by adding Hamilton Canadian to a well-diversified portfolio.
About Hamilton Canadian Performance
By examining Hamilton Canadian's fundamental ratios, stakeholders can obtain critical insights into Hamilton Canadian'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 Hamilton Canadian 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.