Horizons Nasdaq 100 Index Etf Profile
| HXQ Etf | CAD 69.17 1.16 1.71% |
Performance4 of 100
| Odds Of DistressLess than 9
|
Horizons NASDAQ is selling at 69.17 as of the 29th of April 2024; that is 1.71 percent up since the beginning of the trading day. The etf's open price was 68.01. Horizons NASDAQ has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Horizons NASDAQ 100 Index are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2023 and ending today, the 29th of April 2024. Click here to learn more.
HORIZONS NASDAQ is traded on Toronto Stock Exchange in Canada. More on Horizons NASDAQ 100 Index
Moving together with Horizons Etf
| 0.91 | XSP | iShares Core SP | PairCorr |
| 0.9 | ZSP | BMO SP 500 | PairCorr |
| 0.9 | VFV | Vanguard SP 500 | PairCorr |
| 0.9 | HXS | Horizons SP 500 | PairCorr |
| 0.9 | XUS | iShares Core SP | PairCorr |
| 0.92 | ZUE | BMO SP 500 | PairCorr |
| 0.91 | VSP | Vanguard SP 500 | PairCorr |
Horizons Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Horizons NASDAQ's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Horizons NASDAQ or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | US Equity, Horizons ETFs Management (Canada) Inc (View all Sectors) |
| Updated At | 28th of April 2024 |
Horizons NASDAQ 100 Index [HXQ] is traded in Canada and was established 2016-04-19. The fund is listed under US Equity category and is part of Horizons ETFs Management (Canada) Inc family. Horizons NASDAQ 100 currently have 355.52 M in assets under management (AUM). , while the total return for the last 3 years was 12.1%.
Check Horizons NASDAQ Probability Of Bankruptcy
Horizons NASDAQ Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Horizons NASDAQ jumping above the current price in 90 days from now is about 48.51%. The Horizons NASDAQ 100 Index probability density function shows the probability of Horizons NASDAQ etf to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Horizons NASDAQ has a beta of 0.7085. This usually indicates as returns on the market go up, Horizons NASDAQ average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Horizons NASDAQ 100 Index will be expected to be much smaller as well. Additionally, horizons NASDAQ 100 Index has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Horizons NASDAQ to move above the current price in 90 days from now is about 48.51 (This Horizons NASDAQ 100 Index probability density function shows the probability of Horizons Etf to fall within a particular range of prices over 90 days) .
Horizons NASDAQ 100 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Horizons NASDAQ market risk premium is the additional return an investor will receive from holding Horizons NASDAQ long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Horizons NASDAQ. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Horizons NASDAQ's alpha and beta are two of the key measurements used to evaluate Horizons NASDAQ's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7984 | |||
| Semi Deviation | 0.8909 | |||
| Standard Deviation | 1.0 | |||
| Variance | 1.01 |
Horizons NASDAQ 100 Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Horizons NASDAQ 100 Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Horizons NASDAQ price patterns.
Horizons NASDAQ Against Markets
Picking the right benchmark for Horizons NASDAQ etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Horizons NASDAQ etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Horizons NASDAQ is critical whether you are bullish or bearish towards Horizons NASDAQ 100 Index at a given time. Please also check how Horizons NASDAQ's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Horizons NASDAQ without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Horizons Etf?
Before investing in Horizons NASDAQ, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Horizons NASDAQ. To buy Horizons NASDAQ etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Horizons NASDAQ. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Horizons NASDAQ etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Horizons NASDAQ 100 Index etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Horizons NASDAQ 100 Index etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Horizons NASDAQ 100 Index, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Horizons NASDAQ 100 Index?
The danger of trading Horizons NASDAQ 100 Index is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Horizons NASDAQ is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Horizons NASDAQ. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Horizons NASDAQ 100 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizons NASDAQ 100 Index. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.