Purpose Cash Financial Statements From 2010 to 2025
| MNY Etf | 100.06 0.05 0.05% |
Check Purpose Cash financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Purpose Cash's main balance sheet or income statement drivers, such as , as well as many indicators such as . Purpose financial statements analysis is a perfect complement when working with Purpose Cash Valuation or Volatility modules.
Purpose |
Purpose Cash Management ETF Annual Yield Analysis
Purpose Cash's Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Current Purpose Cash Annual Yield | 0.04 % |
Most of Purpose Cash's fundamental indicators, such as Annual Yield, 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, Purpose Cash Management is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, Purpose Cash Management has an Annual Yield of 0.0442%. This is much higher than that of the Oil, Gas & Consumable Fuels family and significantly higher than that of the Energy category. The annual yield for all Canada etfs is notably lower than that of the firm.
About Purpose Cash Financial Statements
Purpose Cash investors utilize fundamental indicators, such as revenue or net income, to predict how Purpose Etf 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.
Pair Trading with Purpose Cash
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 Purpose Cash 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 Purpose Cash will appreciate offsetting losses from the drop in the long position's value.Moving against Purpose Etf
| 0.84 | VRE | Vanguard FTSE Canadian | PairCorr |
| 0.65 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.33 | HXD | BetaPro SPTSX 60 | PairCorr |
The ability to find closely correlated positions to Purpose Cash could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purpose Cash 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 Purpose Cash - 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 Purpose Cash Management to buy it.
The correlation of Purpose Cash 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 Purpose Cash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Cash Management 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 Purpose Cash 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 Purpose Etf
Purpose Cash financial ratios help investors to determine whether Purpose Etf 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 Purpose with respect to the benefits of owning Purpose Cash security.