Purpose Gold Financials
| KILO Etf | CAD 39.03 0.08 0.21% |
3 y Sharp Ratio 0.84 |
Purpose |
The data published in Purpose Gold's official financial statements typically reflect Purpose Gold'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 Gold's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Gold's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Purpose Gold Etf Summary
Purpose Gold competes with Royal Canadian, IShares Gold, Global X, and IShares Gold. The fund has been created to buy and hold substantially all of its assets in gold bullion and, incidental thereto, minor amounts of gold certificates, if any. PURPOSE GOLD is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74642E3068 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Purpose Investments Inc. |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | 187 778 9151 |
| Currency | CAD - Canadian Dollar |
You should never invest in Purpose Gold 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 Gold's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose Gold Key Financial Ratios
Purpose Gold's financial ratios allow both analysts and investors to convert raw data from Purpose Gold's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose Gold 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 Gold's current stock value. Our valuation model uses many indicators to compare Purpose Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Gold competition to find correlations between indicators driving Purpose Gold's intrinsic value. More Info.Purpose Gold Bullion is rated second overall ETF in beta as compared to similar ETFs. It also is rated second overall ETF in one year return as compared to similar ETFs reporting about 201.43 of One Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Gold'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 Gold Bullion Systematic Risk
Purpose Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Gold 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 twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Purpose Gold Bullion correlated with the market. If Beta is less than 0 Purpose Gold generally moves in the opposite direction as compared to the market. If Purpose Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Gold Bullion is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Gold is generally in the same direction as the market. If Beta > 1 Purpose Gold moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Gold November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Gold Bullion. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Gold Bullion 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 Gold's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.15 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.73 |
Other Information on Investing in Purpose Etf
Purpose Gold 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 Gold security.