Purpose Silver Financial Statements From 2010 to 2024
| SBT-U Etf | USD 16.49 0.38 2.36% |
Check Purpose Silver financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Purpose Silver'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 Silver Valuation or Volatility modules.
Purpose |
Purpose Silver Bullion ETF One Year Return Analysis
Purpose Silver's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Purpose Silver One Year Return | 0.87 % |
Most of Purpose Silver's fundamental indicators, such as One Year Return, 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 Silver Bullion is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Based on the recorded statements, Purpose Silver Bullion has an One Year Return of 0.87%. This is much higher than that of the Purpose Investments Inc. family and significantly higher than that of the One Year Return category. The one year return for all Canada etfs is notably lower than that of the firm.
About Purpose Silver Financial Statements
Purpose Silver shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Purpose Silver investors may analyze each financial statement separately, they are all interrelated. The changes in Purpose Silver's assets and liabilities, for example, are also reflected in the revenues and expenses on on Purpose Silver's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The Fund has been created to buy and hold substantially all of its assets in silver bullion and, incidental thereto, minor amounts of silver certificates, if any. The Fund invests in and holds unencumbered silver bullion on a long-term basis in 1,000 ounce international bar sizes, and not to speculate with regard to short-term changes in silver prices in order to provide investors with the ability to effectively invest in unencumbered silver bullion in a convenient and secure manner, without the associated inconvenience and relatively high transaction, handling, storage, insurance and other costs typical of a direct silver bullion investment. SILVER BULLION is traded on Toronto Stock Exchange in Canada.
Pair Trading with Purpose Silver
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 Silver 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 Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Purpose Etf
Moving against Purpose Etf
| 0.67 | TCLB | TD Canadian Long | PairCorr |
| 0.39 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.37 | XBB | iShares Canadian Universe | PairCorr |
The ability to find closely correlated positions to Purpose Silver 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 Silver 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 Silver - 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 Silver Bullion to buy it.
The correlation of Purpose Silver 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 Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Silver Bullion 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 Silver 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 Silver 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 Silver security.