Purpose Global Financials
| BND Etf | CAD 17.97 0.06 0.34% |
3 y Sharp Ratio (0.17) |
Purpose |
The data published in Purpose Global's official financial statements typically reflect Purpose Global'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 Global's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Global's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Purpose Global Etf Summary
Purpose Global competes with Evolve Active, Evolve Banks, Evolve Global, Evolve Global, and Evolve Innovation. The Purpose Tactical Investment Grade Bond Fund is designed to achieve positive total returns without taking on additional risk. PURPOSE GLOBAL is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74641B1058 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Purpose Investments Inc. |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | 877 789 1517 |
| Currency | CAD - Canadian Dollar |
You should never invest in Purpose Global 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 Global's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose Global Key Financial Ratios
Purpose Global's financial ratios allow both analysts and investors to convert raw data from Purpose Global's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose Global over time and compare it to other companies across industries.| Beta | 0.54 | |||
| Last Dividend Paid | 0.0483 |
Purpose Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Global's current stock value. Our valuation model uses many indicators to compare Purpose Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Global competition to find correlations between indicators driving Purpose Global's intrinsic value. More Info.Purpose Global Bond is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to sales as compared to similar ETFs fabricating about 0.05 of Price To Sales per Price To Earning. The ratio of Price To Earning to Price To Sales for Purpose Global Bond is roughly 18.61 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Global'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 Global Bond Systematic Risk
Purpose Global's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Global 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Purpose Global Bond correlated with the market. If Beta is less than 0 Purpose Global generally moves in the opposite direction as compared to the market. If Purpose Global Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Global Bond is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Global is generally in the same direction as the market. If Beta > 1 Purpose Global moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Global November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Global help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Global Bond. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Global Bond 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 Global's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.1623 | |||
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 0.9037 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.4499 |
Other Information on Investing in Purpose Etf
Purpose Global 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 Global security.