Purpose Tactical Financial Statements From 2010 to 2024
| PHE Etf | CAD 36.63 0.08 0.22% |
Check Purpose Tactical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Purpose Tactical'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 Tactical Valuation or Volatility modules.
Purpose |
Purpose Tactical Hedged ETF Price To Earning Analysis
Purpose Tactical's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Purpose Tactical Price To Earning | 12.38 X |
Most of Purpose Tactical's fundamental indicators, such as Price To Earning, 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 Tactical Hedged is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Purpose Tactical Hedged has a Price To Earning of 12.38 times. This is much higher than that of the Purpose Investments Inc. family and significantly higher than that of the Alternative Equity Focused category. The price to earning for all Canada etfs is notably lower than that of the firm.
About Purpose Tactical Financial Statements
Purpose Tactical 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.
The fund seeks to provide shareholders with consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of U.S. listed equities and less volatility and low correlation to U.S. equity markets by hedging the funds exposure to overall market risk. Purpose Tactical is traded on Toronto Stock Exchange in Canada.
Pair Trading with Purpose Tactical
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 Tactical 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 Tactical will appreciate offsetting losses from the drop in the long position's value.Moving together with Purpose Etf
| 0.84 | HCAL | Hamilton Enhanced | PairCorr |
| 0.86 | PFLS | Picton Mahoney Fortified | PairCorr |
| 0.77 | HAC | Global X Seasonal | PairCorr |
| 0.63 | ARB | Accelerate Arbitrage | PairCorr |
The ability to find closely correlated positions to Purpose Tactical 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 Tactical 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 Tactical - 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 Tactical Hedged to buy it.
The correlation of Purpose Tactical 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 Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Tactical Hedged 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 Tactical 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 Tactical 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 Tactical security.