The Hoya Capital Etf Performance
| HOMZ Etf | USD 43.03 0.10 0.23% |
The etf retains a Market Volatility (i.e., Beta) of 1.55, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hoya Capital will likely underperform.
Risk-Adjusted Performance
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Over the last 90 days The Hoya Capital has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong primary indicators, Hoya Capital is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
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Hoya Capital Relative Risk vs. Return Landscape
If you would invest 4,303 in The Hoya Capital on March 7, 2024 and sell it today you would earn a total of 0.00 from holding The Hoya Capital or generate 0.0% return on investment over 90 days. The Hoya Capital is currently generating 0.0068% in daily expected returns and assumes 1.1757% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% of etfs are less volatile than Hoya, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Hoya Capital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoya Capital's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as The Hoya Capital, and traders can use it to determine the average amount a Hoya Capital'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 = 0.0058
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| Negative Returns | HOMZ |
Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hoya Capital 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 Hoya Capital by adding Hoya Capital to a well-diversified portfolio.
Hoya Capital Fundamentals Growth
Hoya Etf prices reflect investors' perceptions of the future prospects and financial health of Hoya Capital, and Hoya Capital 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 Hoya Etf performance.
| Total Asset | 33.18 M | |||
About Hoya Capital Performance
To evaluate Hoya Capital Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Hoya Capital generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Hoya Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Hoya Capital market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Hoya's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The index is a rules-based index composed of 100 companies that collectively represent the performance of the U.S. residential housing industry. Hoya Capital is traded on NYSEARCA Exchange in the United States.| The fund retains 99.55% of its assets under management (AUM) in equities |
Additional Information and Resources on Investing in Hoya Etf
When determining whether Hoya Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hoya Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Hoya Capital Etf. Outlined below are crucial reports that will aid in making a well-informed decision on The Hoya Capital Etf:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hoya Capital. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of Hoya Capital is measured differently than its book value, which is the value of Hoya that is recorded on the company's balance sheet. Investors also form their own opinion of Hoya Capital's value that differs from its market value or its book value, called intrinsic value, which is Hoya Capital'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 Hoya Capital's market value can be influenced by many factors that don't directly affect Hoya Capital'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 Hoya Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoya Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoya Capital'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.