Purpose Floating Rate Etf Price on November 14, 2024
| FLOT-U Etf | USD 6.29 0.17 2.78% |
Below is the normalized historical share price chart for Purpose Floating Rate extending back to June 17, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Purpose Floating stands at 6.29, as last reported on the 30th of November, with the highest price reaching 6.29 and the lowest price hitting 6.29 during the day.
If you're considering investing in Purpose Etf, it is important to understand the factors that can impact its price. At this point, Purpose Floating is not too volatile. Purpose Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Purpose Floating Rate, which you can use to evaluate the volatility of the etf. Please check Purpose Floating's Variance of 0.5003, coefficient of variation of 792.63, and Risk Adjusted Performance of 0.0956 to confirm if the risk estimate we provide is consistent with the expected return of 0.0828%.
Purpose Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 6.7451 | 50 Day MA 6.5204 | Beta 1.36 |
Purpose |
Sharpe Ratio = 0.1131
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Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Purpose Floating is performing at about 8% 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 Floating by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Purpose Floating Valuation on November 14, 2024
It is possible to determine the worth of Purpose Floating on a given historical date. On November 14, 2024 Purpose was worth 6.16 at the beginning of the trading date compared to the closed value of 6.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Purpose Floating etf. Still, in general, we apply an absolute valuation method to find Purpose Floating'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 Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Purpose Floating's related companies.
| Open | High | Low | Close | Volume | |
| 6.16 | 6.16 | 6.16 | 6.16 | 1.00 | |
11/14/2024 | 6.16 | 6.16 | 6.16 | 6.16 | 1.00 |
| 6.16 | 6.16 | 6.16 | 6.16 | 1.00 |
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Purpose Floating Trading Date Momentum on November 14, 2024
| On November 15 2024 Purpose Floating Rate was traded for 6.16 at the closing time. The highest price during the trading period was 6.16 and the lowest recorded bid was listed for 6.16 . There was no trading activity during the period 1.0. Lack of trading volume on November 15, 2024 did not cause price change. The trading delta at closing time to the current price is 0.65% . |
Purpose Floating Rate Fundamentals Correlations and Trends
By evaluating Purpose Floating'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 Floating'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 Floating Etf history
Purpose Floating 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 Floating Rate 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 Floating stock prices may prove useful in developing a viable investing in Purpose Floating
The funds investment objectives are to generate current income and preserve capital by investing primarily in floating rate debt securities, short-term debt securities, high yield debt securities and assetbacked and mortgage-backed securities. PURPOSE FLOATING is traded on Toronto Stock Exchange in Canada.
Purpose Floating Etf Technical Analysis
Purpose Floating 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 Floating Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Purpose Floating Rate 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 Floating November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Purpose Floating 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 Floating shares will generate the highest return on investment. By undertsting and applying Purpose Floating etf market strength indicators, traders can identify Purpose Floating Rate entry and exit signals to maximize returns
Purpose Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Purpose Floating'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 | 0.0956 | |||
| Jensen Alpha | 0.0763 | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 3.49 |
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Other Information on Investing in Purpose Etf
Purpose Floating 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 Floating security.