Harvest Healthcare Leaders Etf Performance
| HHL Etf | CAD 8.25 0.04 0.49% |
The etf retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harvest Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvest Healthcare is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Harvest Healthcare Leaders has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy essential indicators, Harvest Healthcare is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Harvest ETFs Confirms Over 1 Billion in Total ETF Distributions Paid to Unitholders Since Inception - Business Wire | 09/20/2024 |
| In Threey Sharp Ratio | 0.36 |
Harvest |
Harvest Healthcare Relative Risk vs. Return Landscape
If you would invest 874.00 in Harvest Healthcare Leaders on August 31, 2024 and sell it today you would lose (49.00) from holding Harvest Healthcare Leaders or give up 5.61% of portfolio value over 90 days. Harvest Healthcare Leaders is producing return of less than zero assuming 0.6391% volatility of returns over the 90 days investment horizon. Simply put, 5% of all etfs have less volatile historical return distribution than Harvest Healthcare, and 99% 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 Healthcare Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Healthcare's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Harvest Healthcare Leaders, and traders can use it to determine the average amount a Harvest Healthcare'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 = -0.1424
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| Negative Returns | HHL |
Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harvest Healthcare is not performing at its full potential. However, 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 Healthcare by adding Harvest Healthcare to a well-diversified portfolio.
Harvest Healthcare Fundamentals Growth
Harvest Etf prices reflect investors' perceptions of the future prospects and financial health of Harvest Healthcare, and Harvest Healthcare 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.
| Total Asset | 276.16 M | |||
About Harvest Healthcare Performance
By examining Harvest Healthcare's fundamental ratios, stakeholders can obtain critical insights into Harvest Healthcare's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Harvest Healthcare is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The ETFs investment objective is to provide Unitholders with the opportunity for capital appreciation monthly cash distributions and lower overall volatility of portfolio returns than would otherwise be experienced by owning Equity Securities of the Healthcare Leaders directly. HARVEST HEALTHCARE is traded on Toronto Stock Exchange in Canada.| 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 |
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.