Flexshares High Yield Etf Profile
| HYGV Etf | USD 40.40 0.04 0.1% |
Performance2 of 100
| Odds Of DistressLess than 9
|
FlexShares High is selling for under 40.40 as of the 25th of April 2024; that is -0.1 percent down since the beginning of the trading day. The etf's lowest day price was 40.28. FlexShares High has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for FlexShares High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
The index reflects the performance of a broad universe of U.S. Flexshares High is traded on NYSEARCA Exchange in the United States. More on FlexShares High Yield
Moving together with FlexShares Etf
| 0.96 | HYG | iShares iBoxx High Aggressive Push | PairCorr |
| 0.9 | USHY | iShares Broad USD | PairCorr |
| 0.89 | JNK | SPDR Bloomberg High | PairCorr |
| 0.91 | SHYG | iShares 0 5 | PairCorr |
| 0.97 | HYLB | Xtrackers USD High | PairCorr |
| 0.99 | SJNK | SPDR Bloomberg Short | PairCorr |
| 0.72 | ANGL | VanEck Fallen Angel | PairCorr |
FlexShares Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. FlexShares High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding FlexShares High or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | High Yield Bond, Flexshares Trust (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 1.16 |
| Name | FlexShares High Yield Value-Scored Bond Index Fund |
| Currency Code | USD |
| In Threey Volatility | 8.95 |
| 1y Volatility | 6.38 |
| 200 Day M A | 40.2508 |
| 50 Day M A | 40.7209 |
| Code | HYGV |
| Updated At | 24th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.13) |
| Type | ETF |
FlexShares High Yield [HYGV] is traded in USA and was established 2018-07-17. The fund is listed under High Yield Bond category and is part of Flexshares Trust family. FlexShares High Yield currently have 857.76 M in assets under management (AUM). , while the total return for the last 3 years was 0.8%.
Check FlexShares High Probability Of Bankruptcy
Top FlexShares High Yield Etf Constituents
| CCO Holdings, LLC/ CCO Holdings Capital Corp. 5% | 0.6% |
| DISH DBS Corporation 7.75% | 0.61000003% |
| Windstream Escrow LLC / Windstream Escrow Finance Corp 7.75% | 0.58999998% |
| American Airlines, Inc. 11.75% | 0.50999997% |
| TransDigm, Inc. 5.5% | 0.64999997% |
| Weatherford International Ltd Bermuda 11% | 0.58999998% |
| TransDigm, Inc. 6.25% | 0.6% |
| NFP Corp. 6.88% | 0.55% |
| Tenet Healthcare Corporation 6.12% | 0.52% |
| CSC Holdings, LLC 5.75% | 0.75% |
FlexShares High Target Price Odds Analysis
Depending on a normal probability distribution, the odds of FlexShares High jumping above the current price in 90 days from now is about 44.51%. The FlexShares High Yield probability density function shows the probability of FlexShares High etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days FlexShares High has a beta of 0.3628. This usually indicates as returns on the market go up, FlexShares High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding FlexShares High Yield will be expected to be much smaller as well. Additionally, flexShares High Yield has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of FlexShares High to move above the current price in 90 days from now is about 44.51 (This FlexShares High Yield probability density function shows the probability of FlexShares Etf to fall within a particular range of prices over 90 days) .
FlexShares High Top Holders
| BBALX | Northern Global Tactical | Mutual Fund | World Allocation |
FlexShares High Yield Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. FlexShares High market risk premium is the additional return an investor will receive from holding FlexShares High long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in FlexShares High. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although FlexShares High's alpha and beta are two of the key measurements used to evaluate FlexShares High's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.23) |
FlexShares High Against Markets
Picking the right benchmark for FlexShares High etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in FlexShares High etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for FlexShares High is critical whether you are bullish or bearish towards FlexShares High Yield at a given time. Please also check how FlexShares High's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in FlexShares High without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy FlexShares Etf?
Before investing in FlexShares High, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in FlexShares High. To buy FlexShares High etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of FlexShares High. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase FlexShares High etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located FlexShares High Yield etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased FlexShares High Yield etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as FlexShares High Yield, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy FlexShares Etf please use our How to Invest in FlexShares High guide.
Already Invested in FlexShares High Yield?
The danger of trading FlexShares High Yield is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FlexShares High is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FlexShares High. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FlexShares High Yield is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether FlexShares High Yield is a strong investment it is important to analyze FlexShares High's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FlexShares High's future performance. For an informed investment choice regarding FlexShares Etf, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in FlexShares High Yield. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the FlexShares High Yield information on this page should be used as a complementary analysis to other FlexShares High's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of FlexShares High Yield is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares High's value that differs from its market value or its book value, called intrinsic value, which is FlexShares High'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 FlexShares High's market value can be influenced by many factors that don't directly affect FlexShares High'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 FlexShares High's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares High'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.