(HIX) BetaPro S&P/TSX 60 Daily - Ratings and Ratios
Inverse, Fund, Derivatives, Futures, Index, Daily, Reset
Description: HIX BetaPro S&P/TSX 60 Daily
The BetaPro S&P/TSX60 Daily Inverse ETF (HIX) is designed to provide inverse daily returns of the S&P/TSX 60 Index, allowing investors to potentially profit from a decline in the Canadian large-cap equity market. As a inverse ETF, it uses derivatives to achieve its investment objective, making it a complex financial instrument that requires a deep understanding of the underlying index and market dynamics.
Analyzing the ETFs characteristics, we can infer that it is primarily used as a hedging tool or a speculative instrument by sophisticated investors. The funds Assets Under Management (AUM) of $15.07M CAD indicate a relatively small but still viable market presence. Given its inverse nature, HIX tends to perform well during market downturns, making it a potential candidate for investors seeking to mitigate potential losses in their portfolios.
Examining the technical data, we observe that the ETFs last price is $23.70, which is below its short-term moving averages (SMA20: $24.25, SMA50: $24.87), indicating a bearish short-term trend. The Average True Range (ATR) of 0.34 (1.44%) suggests moderate volatility. Considering the 52-week high and low ($28.18 and $23.51, respectively), the current price is near the lower end of its recent trading range.
Using the available technical and fundamental data, we can forecast that HIX may continue to experience downward pressure in the short term, potentially testing its 52-week low. However, if the S&P/TSX 60 Index experiences a significant decline, HIX could potentially rebound, driven by its inverse relationship. Conversely, if the index rallies, HIX will likely continue to underperform. Investors should closely monitor market trends, index movements, and the ETFs technical indicators to adjust their strategies accordingly.
To make informed investment decisions, it is crucial to consider the current market environment, the outlook for the S&P/TSX 60 Index, and the overall risk tolerance of the investor. As a Trading Analyst, I would recommend closely monitoring the ETFs price action, moving averages, and ATR to identify potential trading opportunities or adjustments to existing positions.
Additional Sources for HIX ETF
HIX ETF Overview
Market Cap in USD | 11m |
Category | Passive Inverse/Leveraged |
IPO / Inception | 2009-03-04 |
HIX ETF Ratings
Growth Rating | -63.4 |
Fundamental | - |
Dividend Rating | 36.2 |
Rel. Strength | -28.7 |
Analysts | - |
Fair Price Momentum | 19.88 CAD |
Fair Price DCF | - |
HIX Dividends
Dividend Yield 12m | 1.64% |
Yield on Cost 5y | 1.02% |
Annual Growth 5y | 0.03% |
Payout Consistency | 97.5% |
Payout Ratio | % |
HIX Growth Ratios
Growth Correlation 3m | -96% |
Growth Correlation 12m | -75.9% |
Growth Correlation 5y | -71.2% |
CAGR 5y | -9.78% |
CAGR/Max DD 5y | -0.24 |
Sharpe Ratio 12m | -1.74 |
Alpha | -16.26 |
Beta | -0.540 |
Volatility | 8.48% |
Current Volume | 2.6k |
Average Volume 20d | 2.6k |
As of July 03, 2025, the stock is trading at CAD 22.96 with a total of 2,628 shares traded.
Over the past week, the price has changed by -1.12%, over one month by -1.29%, over three months by -5.86% and over the past year by -17.58%.
No, based on ValueRay´s Analyses, BetaPro S&P/TSX 60 Daily (TO:HIX) is currently (July 2025) a stock to sell. It has a ValueRay Growth Rating of -63.37 and therefor a clear technical negative rating according to historical growth.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HIX is around 19.88 CAD . This means that HIX is currently overvalued and has a potential downside of -13.41%.
BetaPro S&P/TSX 60 Daily has no consensus analysts rating.
According to our own proprietary Forecast Model, HIX BetaPro S&P/TSX 60 Daily will be worth about 21.5 in July 2026. The stock is currently trading at 22.96. This means that the stock has a potential downside of -6.49%.
Issuer | Target | Up/Down from current |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 21.5 | -6.5% |