Harvest Tech Competition

HTA Etf

CAD 18.15 0.15 0.82%

Harvest Tech Achievers competes with TD Active, IShares ESG, Vanguard FTSE, IShares Small, and Global X; as well as few others. Analyzing Harvest Tech competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Harvest Tech to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Harvest Tech Correlation with its peers.

Harvest Tech vs Invesco SP Correlation

Weak diversification

The correlation between Harvest Tech Achievers and ESG is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harvest Tech Achievers and ESG in the same portfolio, assuming nothing else is changed.

Moving together with Harvest Etf

0.95

TXF

First Asset Tech

Pair Corr

Moving against Harvest Etf

0.49	ZUT	BMO Equal Weight	Pair Corr
0.46	ZWU	BMO Covered Call	Pair Corr
0.38	XST	iShares SPTSX Capped	Pair Corr

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Hype

Prediction

Low	Estimated	High
16.92	18.15	19.38

Details

Intrinsic

Valuation

Low	Real	High
17.03	18.26	19.49

Details

Harvest Tech Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Harvest Tech and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Harvest and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Harvest Tech Achievers does not affect the price movement of the other competitor.

	TUED	QQCC	XSUS	VDU	XSU	ENCC	VCNS	FCCV	RPF	ESG
TUED		0.58	0.59	0.65	0.64	0.45	0.75	0.56	0.44	0.41	TUED
QQCC	0.58		0.95	0.08	0.32	-0.35	0.47	0.18	0.16	0.75	QQCC
XSUS	0.59	0.95		0.05	0.26	-0.39	0.51	0.11	0.11	0.84	XSUS
VDU	0.65	0.08	0.05		0.87	0.63	0.41	0.9	0.87	-0.25	VDU
XSU	0.64	0.32	0.26	0.87		0.4	0.47	0.95	0.9	-0.04	XSU
ENCC	0.45	-0.35	-0.39	0.63	0.4		0.27	0.45	0.35	-0.39	ENCC
VCNS	0.75	0.47	0.51	0.41	0.47	0.27		0.4	0.23	0.59	VCNS
FCCV	0.56	0.18	0.11	0.9	0.95	0.45	0.4		0.92	-0.2	FCCV
RPF	0.44	0.16	0.11	0.87	0.9	0.35	0.23	0.92		-0.23	RPF
ESG	0.41	0.75	0.84	-0.25	-0.04	-0.39	0.59	-0.2	-0.23		ESG
	TUED	QQCC	XSUS	VDU	XSU	ENCC	VCNS	FCCV	RPF	ESG

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High positive correlations

XSUS	+ 0.95	QQCC
FCCV	+ 0.95	XSU
RPF	+ 0.92	FCCV
FCCV	+ 0.9	VDU
RPF	+ 0.9	XSU
XSU	+ 0.87	VDU

High negative correlations

ESG	- 0.39	ENCC
ENCC	- 0.39	XSUS
ENCC	- 0.35	QQCC
ESG	- 0.25	VDU
ESG	- 0.23	RPF
ESG	- 0.2	FCCV

Harvest Tech Constituents Risk-Adjusted Indicators

There is a big difference between Harvest Etf performing well and Harvest Tech ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Harvest Tech's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TUED	0.79	(0.01)	(0.04)	0.01	1.07	(0.76)	1.66	(1.92)	5.09
QQCC	0.65	(0.07)	0.00	(0.22)	0.00	0.00	1.24	(1.40)	4.35
XSUS	0.57	(0.07)	0.00	(0.22)	0.00	0.00	1.09	(1.32)	3.45
VDU	0.56	0.12	0.12	0.60	0.56	(0.59)	1.27	(1.13)	2.81
XSU	0.94	0.08	0.05	0.20	1.08	(0.97)	2.09	(1.90)	5.59
ENCC	0.75	0.17	0.11	(0.77)	0.90	(0.84)	1.60	(1.57)	4.96
VCNS	0.28	(0.01)	(0.10)	(0.04)	0.46	(0.25)	0.51	(0.75)	2.07
FCCV	0.76	0.18	0.11	1.82	0.97	(0.78)	1.93	(1.51)	6.24
RPF	0.22	0.04	0.00	0.64	0.17	(0.23)	0.46	(0.60)	1.28
ESG	0.57	(0.07)	0.00	(0.23)	0.00	0.00	1.10	(1.18)	3.34

Harvest Tech Competitive Analysis

The better you understand Harvest Tech competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Harvest Tech's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Harvest Tech's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	HTA	TUED	QQCC	XSUS	VDU	XSU	ENCC	VCNS	FCCV	RPF
	0.82 18.15 Harvest	0.36 33.77 TUED	0.08 12.69 Global	0.20 48.95 IShares	0.36 58.86 Vanguard	0.12 49.79 IShares	0.77 11.56 Global	0.09 32.14 Vanguard	0.60 21.58 Fidelity	0.04 24.66 RBC
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weakest	Soft	Weakest	Weakest	Solid	Good	Fair	Mild	Good	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Fair	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Hold	Cautious Hold	Hold	Strong Buy	Strong Hold	Cautious Hold	Cautious Hold	Strong Hold	Hold
Holdings Turnover	N/A	N/A	N/A	N/A	16.11	67.67	N/A	N/A	N/A	N/A
Net Asset	60.95 M	173.32 M	N/A	4.16 M	385.36 M	250.57 M	N/A	373.63 M	74.72 M	736.49 M
Price To Book	N/A	N/A	N/A	N/A	N/A	1.91	N/A	N/A	N/A	N/A
Five Year Return	13.0	16.0	N/A	12.9	11.0	2.6	28.2	4.8	19.0	8.3
One Year Return	5.2	9.5	N/A	7.5	31.6	15.1	22.8	9.9	44.5	17.7
Last Dividend Paid	0.0583	N/A	N/A	N/A	0.15	0.22	N/A	0.12	N/A	0.08
Beta	1.22	1.06	0.84	1.0	1.03	1.3	0.59	1.23	1.04	1.13
Price To Earning	N/A	N/A	N/A	N/A	15.67	21.75	N/A	N/A	N/A	N/A
Price To Sales	N/A	N/A	N/A	N/A	N/A	1.15	N/A	N/A	N/A	N/A
Equity Positions Weight	96.09	99.52	N/A	99.74	97.1	97.06	N/A	40.12	97.24	0.8
Three Year Return	21.7	25.4	N/A	19.5	18.5	10.4	15.4	9.8	20.0	14.4
Annual Yield	N/A	N/A	N/A	N/A	0.0278	N/A	N/A	0.0273	N/A	0.0684
Bond Positions Weight	N/A	N/A	N/A	N/A	0.05	N/A	N/A	58.43	N/A	0.54
Ten Year Return	N/A	N/A	N/A	N/A	10.2	10.1	9.5	N/A	N/A	N/A
Day Typical Price	18.14	33.76	12.67	48.93	58.69	49.58	11.55	32.12	21.54	24.69
Accumulation Distribution	774.35	191.07	194.49	10.99	0.0095	1706.01	2263.26	196.03	192.6	12.81
Market Facilitation Index	0.0	0.0	0.0	0.0	0.56	0.0	0.0	0.0	0.0	0.0
Daily Balance Of Power	(0.45)	0.2927	0.0833	0.7143	0.375	0.0632	(0.41)	0.2727	(0.62)	0.1
Period Momentum Indicator	(0.15)	0.12	0.01	0.1	0.21	0.06	(0.09)	0.03	(0.13)	0.01
Rate Of Daily Change	0.99	1.0	1.0	1.0	1.0	1.0	0.99	1.0	0.99	1.0
Day Median Price	18.13	33.75	12.66	48.92	58.6	49.48	11.55	32.1	21.52	24.71
Price Action Indicator	(0.06)	0.075	0.035	0.08	0.36	0.34	(0.04)	0.05	N/A	(0.04)
Coefficient Of Variation	(4,586)	7540.37	(1,744)	(1,550)	500.92	1062.16	569.75	6398.05	536.81	554.32
Mean Deviation	0.9589	0.7875	0.6526	0.5699	0.5556	0.9417	0.7534	0.2802	0.7584	0.2153
Jensen Alpha	(0.04)	(0.01)	(0.07)	(0.07)	0.1236	0.0821	0.1699	(0.01)	0.1838	0.0401
Total Risk Alpha	(0.10)	(0.05)	(0.11)	(0.1)	0.0943	0.0389	0.1082	(0.02)	0.1306	0.0271
Sortino Ratio	N/A	(0.04)	N/A	N/A	0.1196	0.0511	0.1101	(0.1)	0.1114	(0.0002)
Downside Variance	N/A	1.2	N/A	N/A	0.5668	1.47	1.15	0.2342	1.7	0.138
Standard Deviation	1.23	1.07	0.8755	0.7552	0.7166	1.22	0.9742	0.3778	1.06	0.2936
Kurtosis	0.2782	1.55	0.3301	0.0252	(0.06)	0.4258	1.61	2.81	2.84	0.8446
Potential Upside	1.48	1.66	1.24	1.09	1.27	2.09	1.6	0.5079	1.93	0.462
Treynor Ratio	(0.20)	0.0101	(0.22)	(0.22)	0.6037	0.1973	(0.77)	(0.04)	1.82	0.6404
Maximum Drawdown	4.76	5.09	4.35	3.45	2.81	5.59	4.96	2.07	6.24	1.28
Variance	1.52	1.16	0.7665	0.5703	0.5135	1.49	0.949	0.1427	1.13	0.0862
Market Risk Adjusted Performance	(0.19)	0.0201	(0.21)	(0.21)	0.6137	0.2073	(0.76)	(0.03)	1.83	0.6504
Risk Adjusted Performance	(0.01)	0.0131	(0.04)	(0.05)	0.1576	0.0783	0.1414	0.0014	0.1506	0.1263
Skewness	(0.39)	0.3651	0.1838	0.0714	(0.12)	0.0927	(0.84)	(1.21)	(0.96)	(0.69)
Semi Deviation	N/A	1.07	N/A	N/A	0.5649	1.08	0.9018	0.459	0.9748	0.1738
Information Ratio	(0.06)	(0.04)	(0.12)	(0.13)	0.1256	0.0507	0.1211	(0.12)	0.1365	(0.0002)
Value At Risk	(2.52)	(1.92)	(1.40)	(1.32)	(1.13)	(1.90)	(1.57)	(0.75)	(1.51)	(0.60)
Expected Short fall	N/A	(0.76)	N/A	N/A	(0.59)	(0.97)	(0.84)	(0.25)	(0.78)	(0.23)
Downside Deviation	N/A	1.09	N/A	N/A	0.7529	1.21	1.07	0.4839	1.3	0.3714
Semi Variance	N/A	1.14	N/A	N/A	0.3191	1.17	0.8133	0.2107	0.9503	0.0302

Harvest Tech Competition Performance Charts

Five steps to successful analysis of Harvest Tech Competition

Harvest Tech's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Harvest Tech Achievers in relation to its competition. Harvest Tech's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Harvest Tech in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Harvest Tech's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Harvest Tech Achievers, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Harvest Tech position

In addition to having Harvest Tech in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Information on Investing in Harvest Etf

Harvest Tech financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Tech security.

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