Purpose Canadian Financial Etf Price on November 27, 2024
| BNC Etf | CAD 29.57 0.11 0.37% |
If you're considering investing in Purpose Etf, it is important to understand the factors that can impact its price. As of today, the current price of Purpose Canadian stands at 29.57, as last reported on the 1st of December, with the highest price reaching 29.57 and the lowest price hitting 29.48 during the day. As of now, Purpose Etf is very steady. Purpose Canadian Fin maintains Sharpe Ratio (i.e., Efficiency) of 0.39, which implies the entity had a 0.39% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Purpose Canadian Fin, which you can use to evaluate the volatility of the etf. Please check Purpose Canadian's Risk Adjusted Performance of 0.2938, standard deviation of 0.4957, and Downside Deviation of 0.4334 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
Purpose Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Purpose |
Sharpe Ratio = 0.3914
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Estimated Market Risk
| 0.5 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.39 actual daily | 30 70% of assets perform better |
Based on monthly moving average Purpose Canadian is performing at about 30% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Purpose Canadian by adding it to a well-diversified portfolio.
Purpose Canadian Valuation on November 27, 2024
It is possible to determine the worth of Purpose Canadian on a given historical date. On November 27, 2024 Purpose was worth 29.41 at the beginning of the trading date compared to the closed value of 29.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Purpose Canadian etf. Still, in general, we apply an absolute valuation method to find Purpose Canadian's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Purpose Canadian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Purpose Canadian's related companies.
| Open | High | Low | Close | Volume | |
| 29.28 | 29.30 | 29.21 | 29.30 | 300.00 | |
11/27/2024 | 29.41 | 29.48 | 29.41 | 29.48 | 200.00 |
| 29.46 | 29.46 | 29.46 | 29.46 | 1.00 |
| Backtest Purpose Canadian | | | Purpose Canadian History | | | Purpose Canadian Valuation | Previous | Next |
Purpose Canadian Trading Date Momentum on November 27, 2024
| On November 28 2024 Purpose Canadian Financial was traded for 29.46 at the closing time. The maximum traded price for the trading interval was 29.46 and the lowest daily price was 29.46 . There was no trading activity during the period 1.0. Lack of trading volume on 28th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.07% . The trading delta at closing time to the closing price today is 0.00% . |
Purpose Canadian Fin Fundamentals Correlations and Trends
By evaluating Purpose Canadian's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Purpose Canadian's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Purpose financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Purpose Canadian Etf history
Purpose Canadian investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Purpose is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Purpose Canadian Fin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Purpose Canadian stock prices may prove useful in developing a viable investing in Purpose Canadian
The fund seeks to provide shareholders with long-term capital appreciation through investment in a portfolio of Canadian Banks and Canadian Insurance Companies and monthly distributions PURPOSE CDN is traded on Toronto Stock Exchange in Canada.
Purpose Canadian Etf Technical Analysis
Purpose Canadian technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Purpose Canadian Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Purpose Canadian Financial cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Purpose Canadian December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Purpose Canadian etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Purpose Canadian shares will generate the highest return on investment. By undertsting and applying Purpose Canadian etf market strength indicators, traders can identify Purpose Canadian Financial entry and exit signals to maximize returns
Purpose Canadian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Purpose Canadian's price direction in advance. Along with the technical and fundamental analysis of Purpose Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Purpose to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2938 | |||
| Jensen Alpha | 0.1965 | |||
| Total Risk Alpha | 0.1013 | |||
| Sortino Ratio | 0.1302 | |||
| Treynor Ratio | (1.88) |
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Other Information on Investing in Purpose Etf
Purpose Canadian 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 Canadian security.