Harvest Brand Leaders Etf Performance
| HBF-B Etf | CAD 11.84 0.01 0.08% |
The etf retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harvest Brand's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvest Brand is expected to be smaller as well.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Harvest Brand Leaders are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, Harvest Brand may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
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Harvest Brand Relative Risk vs. Return Landscape
If you would invest 1,073 in Harvest Brand Leaders on September 6, 2024 and sell it today you would earn a total of 111.00 from holding Harvest Brand Leaders or generate 10.34% return on investment over 90 days. Harvest Brand Leaders is generating 0.1554% of daily returns and assumes 0.5509% volatility on return distribution over the 90 days horizon. Simply put, 4% of etfs are less volatile than Harvest, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Harvest Brand Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Brand's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Harvest Brand Leaders, and traders can use it to determine the average amount a Harvest Brand's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2821
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Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Harvest Brand is performing at about 22% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harvest Brand by adding it to a well-diversified portfolio.
Harvest Brand Fundamentals Growth
Harvest Etf prices reflect investors' perceptions of the future prospects and financial health of Harvest Brand, and Harvest Brand fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Harvest Etf performance.
About Harvest Brand Performance
Assessing Harvest Brand's fundamental ratios provides investors with valuable insights into Harvest Brand's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Harvest Brand is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
HARVEST BRAND is traded on Toronto Stock Exchange in Canada.| The fund retains 103.32% of its assets under management (AUM) in equities |
Other Information on Investing in Harvest Etf
Harvest Brand 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 Brand security.