Purpose Monthly Financials
| PIN Etf | CAD 18.04 0.02 0.11% |
3 y Sharp Ratio 0.15 |
Purpose |
The data published in Purpose Monthly's official financial statements typically reflect Purpose Monthly'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 Monthly's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Monthly's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Purpose Monthly Etf Summary
Purpose Monthly competes with Purpose Total, Purpose Core, Purpose Premium, and Purpose International. The Purpose Monthly Income Fund seeks to maximize total return, consisting of dividend income and capital appreciation by tactically investing in a broad range of asset classes which may include equity, fixed income and inflation sensitive securities and cash and to provide shareholders with stable monthly cash distributions. PURPOSE MONTHLY is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74639Y3077 |
| 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 Monthly 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 Monthly's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose Monthly Key Financial Ratios
Purpose Monthly's financial ratios allow both analysts and investors to convert raw data from Purpose Monthly's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose Monthly 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 Monthly's current stock value. Our valuation model uses many indicators to compare Purpose Monthly value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Monthly competition to find correlations between indicators driving Purpose Monthly's intrinsic value. More Info.Purpose Monthly Income is rated number one ETF in price to earning as compared to similar ETFs. It also is rated number one ETF in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Purpose Monthly Income is roughly 8.97 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Monthly by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Monthly'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 Monthly Income Systematic Risk
Purpose Monthly's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Monthly 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 Monthly Income correlated with the market. If Beta is less than 0 Purpose Monthly generally moves in the opposite direction as compared to the market. If Purpose Monthly Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Monthly Income is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Monthly is generally in the same direction as the market. If Beta > 1 Purpose Monthly moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Monthly November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Monthly help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Monthly Income. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Monthly Income 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 Monthly's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2821 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.51 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.5705 |
Other Information on Investing in Purpose Etf
Purpose Monthly 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 Monthly security.