HARC:CA:TSX-Horizons Absolute Return Global Currency ETF

ETF | Alternative Strategies | Toronto Stock Exchange

Last Closing

CAD 21.26

Change

0.00 (0.00)%

Market Cap

CAD 5.15M

Volume

300.00

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

The investment objective of Horizons HHC is to seek to generate positive absolute returns through long and short exposure to selected global currencies. Horizons HHC will generally hold Canadian short-term fixed-income securities and will primarily use derivative instruments to gain its exposure to selected global currencies.

Inception Date: 16/01/2017

Primary Benchmark: ---

Primary Index:

Gross Expense Ratio: %

Management Expense Ratio: 1.09 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-03-25 )

Largest Industry Peers for Alternative Strategies

ETFs Containing HARC:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Alternative Strategies) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 5.93% 80% B- 51% F
Dividend Return N/A N/A N/A N/A F
Total Return 5.93% 80% B- 48% F
Trailing 12 Months  
Capital Gain 1.19% 70% C- 66% D+
Dividend Return N/A N/A N/A N/A F
Total Return 1.19% 70% C- 51% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A F
Dividend Return N/A N/A N/A N/A F
Total Return N/A N/A N/A N/A F
Average Annual (5 Year Horizon)  
Capital Gain -0.86% 20% F 37% F
Dividend Return -0.86% 20% F 20% F
Total Return N/A N/A N/A N/A F
Risk Return Profile  
Volatility (Standard Deviation) 2.36% 100% F 91% A-
Risk Adjusted Return -36.51% 20% F 12% F
Market Capitalization 5.15M 33% F 12% F

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Negative earnings

The company had negative total earnings in the most recent four quarters.