Purpose Fund Financials
| PYF-B Etf | CAD 21.15 0.12 0.57% |
Purpose |
The data published in Purpose Fund's official financial statements typically reflect Purpose Fund'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 Fund's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Fund's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Please note, the imprecision that can be found in Purpose Fund's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Purpose Fund Corp. Check Purpose Fund's Beneish M Score to see the likelihood of Purpose Fund's management manipulating its earnings.
Purpose Fund Etf Summary
Purpose Fund competes with IShares SPTSX, IShares Core, IShares Core, BMO Aggregate, and IShares Canadian. PURPOSE PREMIUM is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74641L2021 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Purpose Investments Inc. |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | CAD - Canadian Dollar |
You should never invest in Purpose Fund 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 Fund's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose Fund Key Financial Ratios
Purpose Fund's financial ratios allow both analysts and investors to convert raw data from Purpose Fund's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose Fund 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 Fund's current stock value. Our valuation model uses many indicators to compare Purpose Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Fund competition to find correlations between indicators driving Purpose Fund's intrinsic value. More Info.Purpose Fund Corp is rated below average in beta as compared to similar ETFs. It is rated below average in one year return as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Purpose Fund's earnings, one of the primary drivers of an investment's value.Purpose Fund Corp Systematic Risk
Purpose Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Fund 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 fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Purpose Fund Corp correlated with the market. If Beta is less than 0 Purpose Fund generally moves in the opposite direction as compared to the market. If Purpose Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Fund Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Fund is generally in the same direction as the market. If Beta > 1 Purpose Fund moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Fund November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Fund Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Fund Corp 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 Fund's daily price indicators and compare them against related drivers.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.29 | |||
| Potential Upside | 0.5831 |
Other Information on Investing in Purpose Etf
Purpose Fund 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 Fund security.