Harbor Scientific Alpha Etf Profile

SIFI Etf  USD 42.49  0.18  0.42%   

Performance

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Odds Of Distress

Less than 9

 
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Harbor Scientific is trading at 42.49 as of the 16th of April 2024. This is a -0.42 percent decrease since the beginning of the trading day. The etf's open price was 42.67. Harbor Scientific has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Harbor Scientific Alpha are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of February 2024 and ending today, the 16th of April 2024. Click here to learn more.
The fund invests primarily in fixed income instruments, including fixed income derivative instruments such as credit default swaps and U.S. Harbor Scientific is traded on NYSEARCA Exchange in the United States. The company has 11.77 M outstanding shares of which 43.7 K shares are at this time shorted by private and institutional investors with about 3.59 trading days to cover. More on Harbor Scientific Alpha

Moving together with Harbor Etf

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Harbor 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. Harbor Scientific's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Harbor Scientific or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEORheo Brouillard
Thematic Ideas
(View all Themes)
Business ConcentrationNASDAQ Composite Total, Strategy ETFs, Broad Debt ETFs, Multisector Bond, Harbor, Savings & Cooperative Banks, Financial Services (View all Sectors)
IssuerHarbor Capital Advisors
Inception Date2021-09-14
Entity TypeRegulated Investment Company
Asset Under Management32.94 Million
Asset TypeFixed Income
CategoryBroad Debt
FocusStrategy
Market ConcentrationBlended Development
RegionGlobal
AdministratorHarbor Capital Advisors, Inc.
AdvisorHarbor Capital Advisors, Inc.
CustodianState Street Bank and Trust Company
DistributorForeside Fund Services, LLC
Portfolio ManagerBenjamin Brodsky, Michael Harper, Benoy Thomas, Garth Flannery
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents171
Market MakerJane Street
Total Expense0.5
Management Fee0.5
Country NameUSA
Returns Y T D(1.04)
NameHarbor Scientific Alpha Income
Currency CodeUSD
Open FigiBBG011S2J3L1
1y Volatility5.8
200 Day M A42.5524
50 Day M A43.0985
CodeSIFI
Updated At16th of April 2024
Currency NameUS Dollar
TypeETF
Harbor Scientific Alpha [SIFI] is traded in USA and was established 2021-09-14. The fund is listed under Multisector Bond category and is part of Harbor family. The entity is thematically classified as Strategy ETFs. Harbor Scientific Alpha at this time have 29.16 M in assets. , while the total return for the last year was 4.7%. Harbor Scientific Alpha currently holds about 123.95 M in cash with 18.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.13.
Check Harbor Scientific Probability Of Bankruptcy

Geographic Allocation (%)

Harbor Scientific Alpha Currency Exposure

Harbor Scientific Alpha holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Harbor Scientific will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Harbor Scientific Alpha.

Top Harbor Scientific Alpha Etf Constituents

ZTM2334.48683%
ZNM231.20444%

Harbor Scientific Target Price Odds Analysis

Coming from a normal probability distribution, the odds of Harbor Scientific jumping above the current price in 90 days from now is about 99.0%. The Harbor Scientific Alpha probability density function shows the probability of Harbor Scientific etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Harbor Scientific has a beta of 0.2349. This usually implies as returns on the market go up, Harbor Scientific average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Harbor Scientific Alpha will be expected to be much smaller as well. Additionally, harbor Scientific Alpha has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 42.49HorizonTargetOdds Above 42.49
1.21%90 days
 42.49 
98.61%
Based on a normal probability distribution, the odds of Harbor Scientific to move above the current price in 90 days from now is about 99.0 (This Harbor Scientific Alpha probability density function shows the probability of Harbor Etf to fall within a particular range of prices over 90 days) .

Harbor Scientific Top Holders

ADVTAdvantis CorpStockHealth Care
ITMCItoco IncPink SheetBiotechnology
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Harbor Scientific Alpha Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Harbor Scientific market risk premium is the additional return an investor will receive from holding Harbor Scientific 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 Harbor Scientific. 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 Harbor Scientific's alpha and beta are two of the key measurements used to evaluate Harbor Scientific's performance over the market, the standard measures of volatility play an important role as well.

Harbor Scientific Against Markets

Picking the right benchmark for Harbor Scientific 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 Harbor Scientific 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 Harbor Scientific is critical whether you are bullish or bearish towards Harbor Scientific Alpha at a given time. Please also check how Harbor Scientific'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 Harbor Scientific 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.

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How to buy Harbor Etf?

Before investing in Harbor Scientific, 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 Harbor Scientific. To buy Harbor Scientific etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Harbor Scientific. 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 Harbor Scientific etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Harbor Scientific Alpha 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 Harbor Scientific Alpha 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 Harbor Scientific Alpha, 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 Harbor Etf please use our How to Invest in Harbor Scientific guide.

Already Invested in Harbor Scientific Alpha?

The danger of trading Harbor Scientific Alpha 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 Harbor Scientific 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 Harbor Scientific. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Harbor Scientific Alpha 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 Harbor Scientific Alpha offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Harbor Scientific'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 Harbor Scientific Alpha Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Harbor Scientific Alpha Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Harbor Scientific Alpha. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Harbor Scientific Alpha information on this page should be used as a complementary analysis to other Harbor Scientific'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 Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of Harbor Scientific Alpha is measured differently than its book value, which is the value of Harbor that is recorded on the company's balance sheet. Investors also form their own opinion of Harbor Scientific's value that differs from its market value or its book value, called intrinsic value, which is Harbor Scientific'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 Harbor Scientific's market value can be influenced by many factors that don't directly affect Harbor Scientific'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 Harbor Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor Scientific'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.