Harbor Health Care Etf Performance
| MEDI Etf | 26.90 0.21 0.79% |
The etf retains a Market Volatility (i.e., Beta) of 0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harbor Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor Health is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Harbor Health Care has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong fundamental indicators, Harbor Health is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders. ...more
Harbor |
Harbor Health Relative Risk vs. Return Landscape
If you would invest 2,756 in Harbor Health Care on August 30, 2024 and sell it today you would lose (66.00) from holding Harbor Health Care or give up 2.39% of portfolio value over 90 days. Harbor Health Care is currently does not generate positive expected returns and assumes 1.0565% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than Harbor, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Harbor Health Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Health's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Harbor Health Care, and traders can use it to determine the average amount a Harbor Health'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 = -0.0312
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| Negative Returns | MEDI |
Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harbor Health 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 Harbor Health by adding Harbor Health to a well-diversified portfolio.
About Harbor Health Performance
By evaluating Harbor Health's fundamental ratios, stakeholders can gain valuable insights into Harbor Health's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Harbor Health has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Harbor Health has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Harbor Health Care generated a negative expected return over the last 90 days |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Harbor Health Care. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
The market value of Harbor Health Care is measured differently than its book value, which is the value of Harbor that is recorded on the company's balance sheet. Investors also form their own opinion of Harbor Health's value that differs from its market value or its book value, called intrinsic value, which is Harbor Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harbor Health's market value can be influenced by many factors that don't directly affect Harbor Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harbor Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.