Harvest Healthcare Leaders Etf Buy Hold or Sell Recommendation
| HHL Etf | CAD 8.25 0.04 0.49% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Harvest Healthcare Leaders is 'Cautious Hold'. The recommendation algorithm takes into account all of Harvest Healthcare's available fundamental, technical, and predictive indicators you will find on this site.
Check out Harvest Healthcare 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. Note, we conduct extensive research on individual funds such as Harvest and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Harvest Healthcare Leaders. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Harvest |
Execute Harvest Healthcare Buy or Sell Advice
The Harvest recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Harvest Healthcare Leaders. Macroaxis does not own or have any residual interests in Harvest Healthcare Leaders or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Harvest Healthcare's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details |
Harvest Healthcare Trading Alerts and Improvement Suggestions
| Harvest Healthcare generated a negative expected return over the last 90 days | |
| The fund retains 94.87% of its assets under management (AUM) in equities |
Harvest Healthcare Returns Distribution Density
The distribution of Harvest Healthcare's historical returns is an attempt to chart the uncertainty of Harvest Healthcare's future price movements. The chart of the probability distribution of Harvest Healthcare daily returns describes the distribution of returns around its average expected value. We use Harvest Healthcare Leaders price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Harvest Healthcare returns is essential to provide solid investment advice for Harvest Healthcare.
| Mean Return | -0.08 | Value At Risk | -1.08 | Potential Upside | 0.85 | Standard Deviation | 0.63 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Harvest Healthcare 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.
Harvest Healthcare 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 Harvest Healthcare or Harvest Portfolios Group Inc. 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 Harvest Healthcare'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 Harvest 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 Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.64 | |
Ir | Information ratio | -0.33 |
Harvest Healthcare Volatility Alert
Harvest Healthcare Leaders exhibits very low volatility with skewness of -0.18 and kurtosis of -0.73. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Harvest Healthcare'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 Harvest Healthcare'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.Harvest Healthcare Fundamentals Vs Peers
Comparing Harvest Healthcare'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 Harvest Healthcare's direct or indirect competition across all of the common fundamentals between Harvest Healthcare and the related equities. This way, we can detect undervalued stocks with similar characteristics as Harvest Healthcare or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Harvest Healthcare's fundamental indicators could also be used in its relative valuation, which is a method of valuing Harvest Healthcare by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Harvest Healthcare to competition |
| Fundamentals | Harvest Healthcare | Peer Average |
| Beta | 0.73 | |
| One Year Return | 13.30 % | (0.97) % |
| Three Year Return | 7.10 % | 3.23 % |
| Five Year Return | 9.80 % | 1.12 % |
| Net Asset | 276.16 M | 2.29 B |
| Last Dividend Paid | 0.0583 | 0.14 |
| Equity Positions Weight | 94.87 % | 52.82 % |
Harvest Healthcare Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Harvest . 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.
| Accumulation Distribution | 2232.27 | |||
| Daily Balance Of Power | 0.4444 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.22 | |||
| Day Typical Price | 8.23 | |||
| Price Action Indicator | 0.055 | |||
| Period Momentum Indicator | 0.04 |
About Harvest Healthcare Buy or Sell Advice
When is the right time to buy or sell Harvest Healthcare Leaders? Buying financial instruments such as Harvest 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.
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Banks
Large and small money and credit banks and credit services. The Banks theme has 39 constituents at this time.
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Other Information on Investing in Harvest Etf
Harvest Healthcare financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Healthcare security.