Harbor Etf Trust Etf Key Fundamental Indicators
| EPIN Etf | 24.96 0.03 0.12% |
As of the 29th of January, Harbor ETF retains the Market Risk Adjusted Performance of 0.2539, risk adjusted performance of 0.1681, and Downside Deviation of 0.8093. Harbor ETF technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices.
Harbor ETF's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Harbor ETF's valuation are provided below:Harbor ETF Trust does not presently have any fundamental trends for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. About Harbor ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Harbor ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Harbor ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Harbor ETF Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Harbor ETF
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 Harbor ETF 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 Harbor ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Harbor Etf
| 0.98 | VEA | Vanguard FTSE Developed Aggressive Push | PairCorr |
| 0.98 | IEFA | iShares Core MSCI Aggressive Push | PairCorr |
| 0.99 | VEU | Vanguard FTSE All | PairCorr |
| 0.98 | EFA | iShares MSCI EAFE Aggressive Push | PairCorr |
| 0.99 | IXUS | iShares Core MSCI | PairCorr |
Moving against Harbor Etf
| 0.81 | VXX | iPath Series B Low Volatility | PairCorr |
| 0.81 | VIXY | ProShares VIX Short Low Volatility | PairCorr |
| 0.8 | VIXM | ProShares VIX Mid Low Volatility | PairCorr |
| 0.8 | VXZ | iPath Series B Low Volatility | PairCorr |
| 0.35 | YCL | ProShares Ultra Yen | PairCorr |
The ability to find closely correlated positions to Harbor ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harbor ETF 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 Harbor ETF - 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 Harbor ETF Trust to buy it.
The correlation of Harbor ETF 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 Harbor ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harbor ETF Trust 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 Harbor ETF 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 You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Harbor ETF Trust's market price often diverges from its book value, the accounting figure shown on Harbor's balance sheet. Smart investors calculate Harbor ETF's intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Harbor ETF's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Harbor ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Harbor ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Harbor ETF'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.