Harbor Etf Trust Etf Key Fundamental Indicators
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. Search Suggestions
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The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
CompetitionBased on the latest financial disclosure, Harbor ETF Trust has a Price To Sales of 9.44 times. This is much higher than that of the Industrials family and significantly higher than that of the Large Blend category. The price to sales for all United States etfs is notably lower than that of the firm.
Harbor ETF Trust Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Harbor ETF's current stock value. Our valuation model uses many indicators to compare Harbor ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Harbor ETF competition to find correlations between indicators driving Harbor ETF's intrinsic value. More Info.Harbor ETF Trust is considered the top ETF in price to earning as compared to similar ETFs. It also is considered the top ETF in price to book as compared to similar ETFs fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Harbor ETF Trust is roughly 14.42 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Harbor ETF's earnings, one of the primary drivers of an investment's value.Harbor Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Harbor ETF's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Harbor ETF could also be used in its relative valuation, which is a method of valuing Harbor ETF by comparing valuation metrics of similar companies.Harbor ETF is currently under evaluation in price to sales as compared to similar ETFs.
Harbor Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Harbor ETF's current stock value. Our valuation model uses many indicators to compare Harbor ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Harbor ETF competition to find correlations between indicators driving Harbor ETF's intrinsic value. More Info.Harbor ETF Trust is considered the top ETF in price to earning as compared to similar ETFs. It also is considered the top ETF in price to book as compared to similar ETFs fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Harbor ETF Trust is roughly 14.42 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Harbor ETF's earnings, one of the primary drivers of an investment's value.Harbor Fundamentals
| Return On Equity | 7.07 | |||
| Return On Asset | 4.36 | |||
| Profit Margin | 13.53 % | |||
| Operating Margin | 37.89 % | |||
| Current Valuation | 52.55 B | |||
| Shares Outstanding | 398.84 M | |||
| Shares Owned By Insiders | 6.92 % | |||
| Shares Owned By Institutions | 91.18 % | |||
| Number Of Shares Shorted | 17.13 M | |||
| Price To Earning | 70.07 X | |||
| Price To Book | 4.86 X | |||
| Price To Sales | 9.44 X | |||
| Revenue | 4.59 B | |||
| Gross Profit | 2.7 B | |||
| EBITDA | 1.74 B | |||
| Net Income | 620.7 M | |||
| Cash And Equivalents | 337.9 M | |||
| Cash Per Share | 0.85 X | |||
| Total Debt | 5.2 B | |||
| Debt To Equity | 0.58 % | |||
| Current Ratio | 1.30 X | |||
| Book Value Per Share | 22.33 X | |||
| Cash Flow From Operations | 1.38 B | |||
| Short Ratio | 8.46 X | |||
| Earnings Per Share | 1.55 X | |||
| Price To Earnings To Growth | 3.73 X | |||
| Number Of Employees | 16 K | |||
| Market Capitalization | 43.32 B | |||
| Total Asset | 13.94 B | |||
| Retained Earnings | 2.17 B | |||
| Working Capital | (478.9 M) | |||
| Current Asset | 933.5 M | |||
| Current Liabilities | 1.41 B | |||
| One Year Return | 18.20 % | |||
| Last Dividend Paid | 0.8 |
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.IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. IHS Markit Ltd. was founded in 1959 and is headquartered in London, the United Kingdom. IHS Markit operates under Consulting Services classification in the United States and is traded on New York Stock Exchange. It employs 16000 people.
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.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 Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Tools for Harbor Etf
When running Harbor ETF's price analysis, check to measure Harbor ETF's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harbor ETF is operating at the current time. Most of Harbor ETF's value examination focuses on studying past and present price action to predict the probability of Harbor ETF's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harbor ETF's price. Additionally, you may evaluate how the addition of Harbor ETF to your portfolios can decrease your overall portfolio volatility.
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