Purpose Enhanced Financials
| PDIV Etf | CAD 9.53 0.01 0.11% |
3 y Sharp Ratio 0.27 |
Purpose |
The data published in Purpose Enhanced's official financial statements typically reflect Purpose Enhanced'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 Enhanced's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Enhanced's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Purpose Enhanced Etf Summary
Purpose Enhanced competes with Purpose Enhanced, Purpose Monthly, Purpose Premium, Purpose Core, and Purpose International. 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 North American equities and provide less volatility and low correlation to North American equity markets by hedging the funds exposure to overall market risk. PURPOSE ENHANCED is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74640V1022 |
| 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 Enhanced 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 Enhanced's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose Enhanced Key Financial Ratios
Purpose Enhanced's financial ratios allow both analysts and investors to convert raw data from Purpose Enhanced's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose Enhanced over time and compare it to other companies across industries.| Beta | 0.56 | |||
| Last Dividend Paid | 0.0522 |
Purpose Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Enhanced's current stock value. Our valuation model uses many indicators to compare Purpose Enhanced value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Enhanced competition to find correlations between indicators driving Purpose Enhanced's intrinsic value. More Info.Purpose Enhanced Dividend is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in one year return as compared to similar ETFs reporting about 32.68 of One Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Enhanced by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Enhanced'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 Enhanced Dividend Systematic Risk
Purpose Enhanced's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Enhanced 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 four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Purpose Enhanced Dividend correlated with the market. If Beta is less than 0 Purpose Enhanced generally moves in the opposite direction as compared to the market. If Purpose Enhanced Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Enhanced Dividend is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Enhanced is generally in the same direction as the market. If Beta > 1 Purpose Enhanced moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Enhanced November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Enhanced help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Enhanced Dividend. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Enhanced Dividend 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 Enhanced's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.321 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.6369 |
Other Information on Investing in Purpose Etf
Purpose Enhanced 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 Enhanced security.