Health Care Select Etf Buy Hold or Sell Recommendation
| XLV Etf | USD 140.86 0.44 0.31% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Health Care Select is 'Strong Hold'. Macroaxis provides Health Care buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding XLV positions. The advice algorithm takes into account all of Health Care's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Health Care's buy or sell advice are summarized below:
Real Value 141.42 | Hype Value 140.86 | Market Value 140.86 | Naive Value 141.03 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Health Care Select given historical horizon and risk tolerance towards Health Care. When Macroaxis issues a 'buy' or 'sell' recommendation for Health Care Select, the advice is generated through an automated system that utilizes algorithms and statistical models.
Health |
Execute Health Care Buy or Sell Advice
The Health recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Health Care Select. Macroaxis does not own or have any residual interests in Health Care Select or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Health Care's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details |
Health Care Trading Alerts and Improvement Suggestions
| Latest headline from benzinga.com: 3 Healthcare Mutual Funds To Grab As the Sector Continues to Rebound | |
| The fund keeps 99.89% of its net assets in stocks |
Health Care Returns Distribution Density
The distribution of Health Care's historical returns is an attempt to chart the uncertainty of Health Care's future price movements. The chart of the probability distribution of Health Care daily returns describes the distribution of returns around its average expected value. We use Health Care Select price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Health Care returns is essential to provide solid investment advice for Health Care.
| Mean Return | 0.03 | Value At Risk | -1.17 | Potential Upside | 1.17 | Standard Deviation | 0.65 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Health Care historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Health Care Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Health Care or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Health Care's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Health etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 0.84 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | -0.1 |
Health Care Volatility Alert
Health Care Select exhibits relatively low volatility with skewness of -0.19 and kurtosis of 0.18. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Health Care's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Health Care's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Health Care Implied Volatility
Health Care's implied volatility exposes the market's sentiment of Health Care Select stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Health Care's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Health Care stock will not fluctuate a lot when Health Care's options are near their expiration.
Health Care Fundamentals Vs Peers
Comparing Health Care's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Health Care's direct or indirect competition across all of the common fundamentals between Health Care and the related equities. This way, we can detect undervalued stocks with similar characteristics as Health Care or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Health Care's fundamental indicators could also be used in its relative valuation, which is a method of valuing Health Care by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Health Care to competition |
| Fundamentals | Health Care | Peer Average |
| Price To Earning | 4.40 X | 3.15 X |
| Price To Book | 2.99 X | 0.39 X |
| Price To Sales | 1.60 X | 0.33 X |
| Beta | 0.68 | |
| One Year Return | 6.90 % | (0.97) % |
| Three Year Return | 6.10 % | 3.23 % |
| Five Year Return | 12.00 % | 1.12 % |
| Ten Year Return | 11.10 % | 1.20 % |
| Net Asset | 35.9 B | 2.29 B |
| Last Dividend Paid | 0.43 | 0.14 |
| Equity Positions Weight | 99.89 % | 52.82 % |
Health Care Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Health . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Health Care Buy or Sell Advice
When is the right time to buy or sell Health Care Select? Buying financial instruments such as Health Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Health Care in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Health Management Thematic Idea Now
Health Management
Major hospitals and healthcare providers. The Health Management theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Management Theme or any other thematic opportunities.
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Check out Health Care Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
The market value of Health Care Select is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Care's value that differs from its market value or its book value, called intrinsic value, which is Health Care's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Health Care's market value can be influenced by many factors that don't directly affect Health Care's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.