PHN Canadian Financial Statements From 2010 to 2024
| 0P0000N468 | CAD 22.69 0.03 0.13% |
Check PHN Canadian financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PHN Canadian's main balance sheet or income statement drivers, such as , as well as many indicators such as . PHN financial statements analysis is a perfect complement when working with PHN Canadian Valuation or Volatility modules.
PHN |
PHN Canadian Equity Fund Net Asset Analysis
PHN Canadian's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current PHN Canadian Net Asset | 1.5 B |
Most of PHN Canadian's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, PHN Canadian Equity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, PHN Canadian Equity has a Net Asset of 1.5 B. This is 90.76% lower than that of the RBC Global Asset Management Inc. family and significantly higher than that of the Canadian Equity category. The net asset for all Canada funds is notably lower than that of the firm.
PHN Canadian Equity Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining PHN Canadian's current stock value. Our valuation model uses many indicators to compare PHN Canadian value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across PHN Canadian competition to find correlations between indicators driving PHN Canadian's intrinsic value. More Info.PHN Canadian Equity is rated below average in one year return among similar funds. It is fifth largest fund in three year return among similar funds . Comparative valuation analysis is a catch-all model that can be used if you cannot value PHN Canadian by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for PHN Canadian's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About PHN Canadian Financial Statements
PHN Canadian investors utilize fundamental indicators, such as revenue or net income, to predict how PHN Fund might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fundamental investment objective of the Fund is to provide long-term capital growth. PHN Canadian is traded on Toronto Stock Exchange in Canada.
Pair Trading with PHN Canadian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PHN Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PHN Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with PHN Fund
| 0.93 | 0P00007173 | Mawer Canadien actions | PairCorr |
| 0.98 | 0P00007061 | RBC Canadian Equity | PairCorr |
| 0.93 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.91 | 0P00007138 | RBC sciences biologiques | PairCorr |
Moving against PHN Fund
| 0.86 | 0P000070H9 | CI Global Health | PairCorr |
| 0.68 | 0P00009XRG | Mawer Global Small | PairCorr |
The ability to find closely correlated positions to PHN Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PHN Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PHN Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PHN Canadian Equity to buy it.
The correlation of PHN Canadian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PHN Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PHN Canadian Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PHN Canadian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in PHN Fund
PHN Canadian financial ratios help investors to determine whether PHN Fund 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 PHN with respect to the benefits of owning PHN Canadian security.
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