Purpose International Financials
| PID Etf | CAD 23.30 0.04 0.17% |
3 y Sharp Ratio 0.59 |
Purpose |
The data published in Purpose International's official financial statements typically reflect Purpose International'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 International's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose International's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Purpose International Etf Summary
Purpose International competes with BMO SP, BMO MSCI, BMO Global, BMO MSCI, and BMO High. The fund seeks to provide unitholders with long-term capital appreciation through investment in a portfolio of high quality international dividend-paying equity securities and monthly cash distributions. PURPOSE INTL is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74640N1006 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Purpose Investments Inc. |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Currency | CAD - Canadian Dollar |
You should never invest in Purpose International 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 International's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose International Key Financial Ratios
Purpose International's financial ratios allow both analysts and investors to convert raw data from Purpose International's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose International 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 International's current stock value. Our valuation model uses many indicators to compare Purpose International value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose International competition to find correlations between indicators driving Purpose International's intrinsic value. More Info.Purpose International Dividend is regarded second largest ETF in price to earning as compared to similar ETFs. It also is regarded second largest ETF in price to book as compared to similar ETFs fabricating about 0.09 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Purpose International Dividend is roughly 10.55 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose International by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose International'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 International Systematic Risk
Purpose International's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose International 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 International correlated with the market. If Beta is less than 0 Purpose International generally moves in the opposite direction as compared to the market. If Purpose International Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose International is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose International is generally in the same direction as the market. If Beta > 1 Purpose International moves generally in the same direction as, but more than the movement of the benchmark.
Purpose International November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose International help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose International Dividend. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose International 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 International's daily price indicators and compare them against related drivers.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.9209 |
Other Information on Investing in Purpose Etf
Purpose International 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 International security.