Hamilton Gold Producer Etf Five Year Return
| AMAX Etf | 34.50 0.34 0.98% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Hamilton Gold's long-term financial health and intrinsic value.
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Hamilton Gold Producer ETF Five Year Return Analysis
Hamilton Gold's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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According to the company disclosure, Hamilton Gold Producer has a Five Year Return of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Precious Metals Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Hamilton Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hamilton Gold's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Hamilton Gold could also be used in its relative valuation, which is a method of valuing Hamilton Gold by comparing valuation metrics of similar companies.Hamilton Gold is currently under evaluation in five year return as compared to similar ETFs.
About Hamilton Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hamilton Gold Producer's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hamilton Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hamilton Gold Producer based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 Hamilton Gold
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 Hamilton Gold 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 Hamilton Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.99 | XGD | iShares SPTSX Global | PairCorr |
| 0.8 | ZGD | BMO Equal Weight | PairCorr |
| 0.82 | ZJG | BMO Junior Gold | PairCorr |
| 0.82 | HEP | Global X Enhanced | PairCorr |
| 0.81 | HGGG | Harvest Global Gold | PairCorr |
The ability to find closely correlated positions to Hamilton Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hamilton Gold 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 Hamilton Gold - 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 Hamilton Gold Producer to buy it.
The correlation of Hamilton Gold 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 Hamilton Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Gold Producer 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 Hamilton Gold 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 Hamilton Etf
Hamilton Gold financial ratios help investors to determine whether Hamilton 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 Hamilton with respect to the benefits of owning Hamilton Gold security.