Global Healthcare Income Fund Equity Positions Weight
| HIG Fund | CAD 8.21 0.02 0.24% |
Global Healthcare Income fundamentals help investors to digest information that contributes to Global Healthcare's financial success or failures. It also enables traders to predict the movement of Global Fund. The fundamental analysis module provides a way to measure Global Healthcare'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 Global Healthcare fund.
Global |
Global Healthcare Income Fund Equity Positions Weight Analysis
Global Healthcare's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Current Global Healthcare Equity Positions Weight | 49.27 % |
Most of Global Healthcare's fundamental indicators, such as Equity Positions Weight, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Global Healthcare Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, Global Healthcare Income has an Equity Positions Weight of 49.27%. This is much higher than that of the Brompton Funds Limited family and significantly higher than that of the Equity Positions Weight category. The equity positions weight for all Canada funds is notably lower than that of the firm.
Global Equity Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Global Healthcare's direct or indirect competition against its Equity Positions Weight to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Global Healthcare could also be used in its relative valuation, which is a method of valuing Global Healthcare by comparing valuation metrics of similar companies.Global Healthcare is currently under evaluation in equity positions weight among similar funds.
Fund Asset Allocation for Global Healthcare
The fund invests 49.27% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Global Healthcare's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Global Fundamentals
| Market Capitalization | 48.69 M | |||
| Total Asset | 52.52 M | |||
| Net Asset | 52.52 M | |||
| Last Dividend Paid | 0.05 | |||
| Holdings Turnover | 110.70 % | |||
| Equity Positions Weight | 49.27 % |
About Global Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Global Healthcare Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Global Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Global Healthcare Income based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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 Global Healthcare
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 Global Healthcare 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 Global Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving against Global Fund
| 0.87 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.86 | 0P000075FV | Fidelity Canadian Growth | PairCorr |
| 0.79 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.78 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.75 | 0P00007065 | RBC mondial dnergie | PairCorr |
The ability to find closely correlated positions to Global Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Healthcare 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 Global Healthcare - 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 Global Healthcare Income to buy it.
The correlation of Global Healthcare 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 Global Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Healthcare Income 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 Global Healthcare 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 Global Fund
Global Healthcare financial ratios help investors to determine whether Global Fund 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 Global with respect to the benefits of owning Global Healthcare security.
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