Purpose Canadian Financials
| BNC Etf | CAD 29.52 0.06 0.20% |
Net Expense Ratio 0.0066 | 3 y Sharp Ratio 0.24 |
Purpose |
The data published in Purpose Canadian's official financial statements typically reflect Purpose Canadian's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Purpose Canadian's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Canadian's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Purpose Canadian Etf Summary
Purpose Canadian competes with Brompton Global, Tech Leaders, Global Healthcare, and Brompton Flaherty. The fund seeks to provide shareholders with long-term capital appreciation through investment in a portfolio of Canadian Banks and Canadian Insurance Companies and monthly distributions PURPOSE CDN is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74641F1062 |
| Region | Others |
| Investment Issuer | Others |
| Business Address | Toronto, ON |
| Etf Family | Purpose Investments Inc. |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Website | www.telestatherapeutics.com |
| Phone | 877 789 1517 |
| Currency | CAD - Canadian Dollar |
You should never invest in Purpose Canadian without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Purpose Etf, because this is throwing your money away. Analyzing the key information contained in Purpose Canadian's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose Canadian Key Financial Ratios
Purpose Canadian's financial ratios allow both analysts and investors to convert raw data from Purpose Canadian's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose Canadian over time and compare it to other companies across industries.Purpose Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Canadian's current stock value. Our valuation model uses many indicators to compare Purpose Canadian value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Canadian competition to find correlations between indicators driving Purpose Canadian's intrinsic value. More Info.Purpose Canadian Financial is the top ETF in price to book as compared to similar ETFs. It also is the top ETF in price to sales as compared to similar ETFs fabricating about 3.69 of Price To Sales per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Canadian by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Canadian's Etf. 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.Purpose Canadian Fin Systematic Risk
Purpose Canadian's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Canadian volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Purpose Canadian Fin correlated with the market. If Beta is less than 0 Purpose Canadian generally moves in the opposite direction as compared to the market. If Purpose Canadian Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Canadian Fin is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Canadian is generally in the same direction as the market. If Beta > 1 Purpose Canadian moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Canadian November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Canadian help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Canadian Financial. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Canadian Financial based on widely used predictive technical indicators. In general, we focus on analyzing Purpose Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Purpose Canadian's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.442 | |||
| Information Ratio | 0.1853 | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.8981 |
Other Information on Investing in Purpose Etf
Purpose Canadian 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 Canadian security.