Hamilton Financials Yield Etf Net Asset
| FMAX Etf | 18.58 0.01 0.05% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Hamilton Financials' long-term financial health and intrinsic value.
Hamilton |
Hamilton Financials YIELD ETF Net Asset Analysis
Hamilton Financials' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Hamilton Financials YIELD has a Net Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Financial Services Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Hamilton Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton Financials' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Hamilton Financials could also be used in its relative valuation, which is a method of valuing Hamilton Financials by comparing valuation metrics of similar companies.Hamilton Financials is currently under evaluation in net asset as compared to similar ETFs.
About Hamilton Financials Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton Financials YIELD's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton Financials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton Financials YIELD 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 Hamilton Financials
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 Hamilton Financials 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 Hamilton Financials will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.71 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.71 | XFN | iShares SPTSX Capped | PairCorr |
| 0.89 | ZBK | BMO Equal Weight | PairCorr |
| 0.73 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.77 | ZUB | BMO Equal Weight | PairCorr |
Moving against Hamilton Etf
| 0.65 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.65 | HIU | BetaPro SP 500 | PairCorr |
| 0.64 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.54 | HQD | BetaPro NASDAQ 100 | PairCorr |
The ability to find closely correlated positions to Hamilton Financials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hamilton Financials 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 Hamilton Financials - 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 Hamilton Financials YIELD to buy it.
The correlation of Hamilton Financials 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 Hamilton Financials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Financials YIELD 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 Hamilton Financials 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.Other Information on Investing in Hamilton Etf
Hamilton Financials financial ratios help investors to determine whether Hamilton 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 Hamilton with respect to the benefits of owning Hamilton Financials security.