ducovest

HAC:CA:TSX-Horizons Seasonal Rotation ETF (CAD)

ETF | Alternative Equity Focused | Toronto Stock Exchange

Last Closing

CAD 30.05

Change

+0.14 (+0.47)%

Market Cap

CAD 0.18B

Volume

1.50K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment objective of Horizons HAC is to seek to provide long term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends. Horizons HAC invests primarily in Exchange Traded Products and futures contracts to gain exposure to the performance of Broad Markets or Sector Markets that at various times of the year have historically performed favourably.

Company Website : www.horizonsetfs.com

Currency: CAD

Country : Canada

Inception Date: 19/11/2009

Primary Benchmark: ---

Primary Index: CIBC WM 91 Day Treasury Bill CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 1.27 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
XLB Materials Select Sector SPDR® Fund 9.29 %
XLI Industrial Select Sector SPDR® Fund 5.22 %
XLY Consumer Discretionary Select Sector SPDR® Fund 3.02 %
XRT SPDR® S&P Retail ETF 2.10 %
HUN Huntsman Corporation 0.70 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-03-27 )

Largest Industry Peers for Alternative Equity Focused

Symbol Name Mer Price(Change) Market Cap
HURA:CA Horizons Global Uranium Index .. 0.00 %

+0.70 (+1.88%)

 CAD 0.08B
PHE:CA Purpose Tactical Hedged Equity 0.95 %

N/A

 CAD 3.60M
HDGE:CA Accelerate Absolute Return Hed.. 0.00 %

N/A

 CAD 1.02M

ETFs Containing HAC:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Alternative Equity Focused) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 6.18% 75% C 57% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 6.18% 75% C 55% F
Trailing 12 Months  
Capital Gain 21.51% 75% C 78% C+
Dividend Return N/A N/A N/A N/A N/A
Total Return 21.51% 75% C 75% C
Trailing 5 Years  
Capital Gain 42.82% 100% F 67% D+
Dividend Return N/A N/A N/A N/A N/A
Total Return 42.82% 100% F 62% D
Average Annual (5 Year Horizon)  
Capital Gain 5.85% 50% F 65% D
Dividend Return 5.85% 50% F 60% D-
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 14.11% 75% C 57% F
Risk Adjusted Return 41.47% 25% F 70% C-
Market Capitalization 0.18B 100% F 49% 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:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

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.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

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.