Picton Mahoney Financial Statements From 2010 to 2024
| PFMN Etf | CAD 15.37 0.01 0.07% |
Check Picton Mahoney financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Picton Mahoney's main balance sheet or income statement drivers, such as , as well as many indicators such as . Picton financial statements analysis is a perfect complement when working with Picton Mahoney Valuation or Volatility modules.
Picton |
Picton Mahoney Fortified ETF Net Asset Analysis
Picton Mahoney'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 Picton Mahoney Net Asset | 71.38 M |
Most of Picton Mahoney'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, Picton Mahoney Fortified 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.
Based on the recorded statements, Picton Mahoney Fortified has a Net Asset of 71.38 M. This is much higher than that of the Picton Mahoney Asset Management family and significantly higher than that of the Net Asset category. The net asset for all Canada etfs is notably lower than that of the firm.
About Picton Mahoney Financial Statements
Picton Mahoney investors utilize fundamental indicators, such as revenue or net income, to predict how Picton 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.
The investment objective of the Picton Mahoney Fortified Market Neutral Alternative Fund is to provide consistent long-term capital appreciation and to provide unitholders with a risk-adjusted rate of return which outperforms its benchmark with less volatility than traditional equity markets and low correlation to major equity markets. PICTON MAHONEY is traded on Toronto Stock Exchange in Canada.
Pair Trading with Picton Mahoney
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 Picton Mahoney 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 Picton Mahoney will appreciate offsetting losses from the drop in the long position's value.Moving together with Picton Etf
Moving against Picton Etf
| 0.69 | TCLB | TD Canadian Long | PairCorr |
| 0.42 | XBB | iShares Canadian Universe | PairCorr |
| 0.37 | ZAG | BMO Aggregate Bond | PairCorr |
The ability to find closely correlated positions to Picton Mahoney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Picton Mahoney 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 Picton Mahoney - 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 Picton Mahoney Fortified to buy it.
The correlation of Picton Mahoney 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 Picton Mahoney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Picton Mahoney Fortified 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 Picton Mahoney 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 Picton Etf
Picton Mahoney financial ratios help investors to determine whether Picton 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 Picton with respect to the benefits of owning Picton Mahoney security.