Hamilton Canadian Financials Etf Performance
| HMAX Etf | 14.89 0.03 0.20% |
The etf retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hamilton Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamilton Canadian is expected to be smaller as well.
Risk-Adjusted Performance
28 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Hamilton Canadian Financials are ranked lower than 28 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Hamilton Canadian may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | Hitachi Rail Unveils the HMAX AI Solution, Accelerated by NVIDIA, to Optimize Trains, Signaling and Infrastructure - Yahoo Finance | 09/23/2024 |
Hamilton |
Hamilton Canadian Relative Risk vs. Return Landscape
If you would invest 1,344 in Hamilton Canadian Financials on September 2, 2024 and sell it today you would earn a total of 145.00 from holding Hamilton Canadian Financials or generate 10.79% return on investment over 90 days. Hamilton Canadian Financials is generating 0.1612% of daily returns and assumes 0.4397% volatility on return distribution over the 90 days horizon. Simply put, 3% of etfs are less volatile than Hamilton, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Hamilton Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Hamilton Canadian Financials, and traders can use it to determine the average amount a Hamilton Canadian'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 = 0.3666
| Best Portfolio | Best Equity | |||
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| Small Returns | HMAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.37 actual daily | 28 72% of assets perform better |
Based on monthly moving average Hamilton Canadian is performing at about 28% 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 Hamilton Canadian by adding it to a well-diversified portfolio.
About Hamilton Canadian Performance
By examining Hamilton Canadian's fundamental ratios, stakeholders can obtain critical insights into Hamilton Canadian'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 Hamilton Canadian 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.
Hamilton Canadian is entity of Canada. It is traded as Etf on TO exchange.