Hamilton Enhanced Canadian Etf Price To Sales
| HFIN Etf | 20.02 0.08 0.40% |
Hamilton Enhanced Canadian fundamentals help investors to digest information that contributes to Hamilton Enhanced's financial success or failures. It also enables traders to predict the movement of Hamilton Etf. The fundamental analysis module provides a way to measure Hamilton Enhanced's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hamilton Enhanced etf.
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Hamilton Enhanced Canadian ETF Price To Sales Analysis
Hamilton Enhanced's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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.
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Based on the latest financial disclosure, Hamilton Enhanced Canadian has a Price To Sales of 0.0 times. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Alternative Equity Focused (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Hamilton Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton Enhanced'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 Hamilton Enhanced could also be used in its relative valuation, which is a method of valuing Hamilton Enhanced by comparing valuation metrics of similar companies.Hamilton Enhanced is currently under evaluation in price to sales as compared to similar ETFs.
About Hamilton Enhanced Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton Enhanced Canadian's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton Enhanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton Enhanced Canadian 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 Enhanced
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 Enhanced 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 Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.99 | HCAL | Hamilton Enhanced | PairCorr |
| 0.95 | PFLS | Picton Mahoney Fortified | PairCorr |
| 0.9 | HAC | Global X Seasonal | PairCorr |
| 0.63 | ARB | Accelerate Arbitrage | PairCorr |
| 0.95 | PHE | Purpose Tactical Hedged | PairCorr |
Moving against Hamilton Etf
| 0.98 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.94 | HIU | BetaPro SP 500 | PairCorr |
| 0.92 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.6 | HED | BetaPro SPTSX Capped | PairCorr |
The ability to find closely correlated positions to Hamilton Enhanced 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 Enhanced 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 Enhanced - 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 Enhanced Canadian to buy it.
The correlation of Hamilton Enhanced 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 Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Enhanced 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 Enhanced 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 Enhanced 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 Enhanced security.