Hamilton Financials Yield Etf Market Value
| FMAX Etf | 18.50 0.08 0.43% |
| Symbol | Hamilton |
Hamilton Financials 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hamilton Financials' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hamilton Financials.
| 07/25/2025 |
| 10/23/2025 |
If you would invest 0.00 in Hamilton Financials on July 25, 2025 and sell it all today you would earn a total of 0.00 from holding Hamilton Financials YIELD or generate 0.0% return on investment in Hamilton Financials over 90 days. Hamilton Financials is related to or competes with Hamilton Healthcare, Invesco SP, Purpose Premium, Evolve SPTSX, Hamilton Enhanced, IShares Jantzi, and Global X. More
Hamilton Financials Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hamilton Financials' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hamilton Financials YIELD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8512 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.09 |
Hamilton Financials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Financials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamilton Financials' standard deviation. In reality, there are many statistical measures that can use Hamilton Financials historical prices to predict the future Hamilton Financials' volatility.| Risk Adjusted Performance | 0.0083 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.22) |
Hamilton Financials YIELD Backtested Returns
As of now, Hamilton Etf is very steady. Hamilton Financials YIELD holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hamilton Financials YIELD, which you can use to evaluate the volatility of the entity. Please check out Hamilton Financials' Market Risk Adjusted Performance of (0.21), downside deviation of 0.8512, and Risk Adjusted Performance of 0.0083 to validate if the risk estimate we provide is consistent with the expected return of 0.0078%. The etf retains a Market Volatility (i.e., Beta) of 0.0099, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hamilton Financials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamilton Financials is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Hamilton Financials YIELD has modest reverse predictability. Overlapping area represents the amount of predictability between Hamilton Financials time series from 25th of July 2025 to 8th of September 2025 and 8th of September 2025 to 23rd of October 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hamilton Financials YIELD price movement. The serial correlation of -0.48 indicates that about 48.0% of current Hamilton Financials price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hamilton Financials YIELD lagged returns against current returns
Autocorrelation, which is Hamilton Financials etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hamilton Financials' etf expected returns. We can calculate the autocorrelation of Hamilton Financials returns to help us make a trade decision. For example, suppose you find that Hamilton Financials has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hamilton Financials regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hamilton Financials etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamilton Financials etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamilton Financials etf over time.
Current vs Lagged Prices |
| Timeline |
Hamilton Financials Lagged Returns
When evaluating Hamilton Financials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamilton Financials etf have on its future price. Hamilton Financials autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hamilton Financials autocorrelation shows the relationship between Hamilton Financials etf current value and its past values and can show if there is a momentum factor associated with investing in Hamilton Financials YIELD.
Regressed Prices |
| Timeline |
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
| 0.64 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.65 | XFN | iShares SPTSX Capped | PairCorr |
| 0.92 | ZBK | BMO Equal Weight | PairCorr |
| 0.66 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.85 | ZUB | BMO Equal Weight | PairCorr |
Moving against Hamilton Etf
| 0.58 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.54 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.54 | HIU | BetaPro SP 500 | PairCorr |
| 0.42 | 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.