Purpose Strategic Yield Etf Price on November 26, 2024
| SYLD Etf | CAD 19.38 0.12 0.62% |
Below is the normalized historical share price chart for Purpose Strategic Yield extending back to April 09, 2018. 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 Strategic stands at 19.38, as last reported on the 2nd of December, with the highest price reaching 19.38 and the lowest price hitting 18.94 during the day.
If you're considering investing in Purpose Etf, it is important to understand the factors that can impact its price. As of now, Purpose Etf is very steady. Purpose Strategic Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.32, which implies the entity had a 0.32% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Purpose Strategic Yield, which you can use to evaluate the volatility of the etf. Please check Purpose Strategic's Risk Adjusted Performance of 0.2295, downside deviation of 0.2383, and Standard Deviation of 0.2691 to confirm if the risk estimate we provide is consistent with the expected return of 0.0866%.
Purpose Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 5.02 | 200 Day MA 18.5791 | 1 y Volatility 2.38 | 50 Day MA 19.0368 | Inception Date 2018-04-05 |
Purpose |
Sharpe Ratio = 0.3234
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | SYLD | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average Purpose Strategic is performing at about 25% 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 Strategic by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 759.34576 |
Purpose Strategic Valuation on November 26, 2024
It is possible to determine the worth of Purpose Strategic on a given historical date. On November 26, 2024 Purpose was worth 19.17 at the beginning of the trading date compared to the closed value of 19.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Purpose Strategic etf. Still, in general, we apply an absolute valuation method to find Purpose Strategic'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 Strategic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Purpose Strategic's related companies.
| Open | High | Low | Close | Volume | |
| 19.28 | 19.28 | 19.13 | 19.20 | 1,000.00 | |
11/26/2024 | 19.17 | 19.17 | 19.17 | 19.17 | 200.00 |
| 19.18 | 19.19 | 19.18 | 19.19 | 4,600 |
| Backtest Purpose Strategic | | | Purpose Strategic History | | | Purpose Strategic Valuation | Previous | Next |
Purpose Strategic Trading Date Momentum on November 26, 2024
| On November 27 2024 Purpose Strategic Yield was traded for 19.19 at the closing time. The highest price during the trading period was 19.19 and the lowest recorded bid was listed for 19.18 . The volume for the day was 4.6 K. This history from November 27, 2024 contributed to the next trading day price boost. The trading price change to the next closing price was 0.10% . The trading delta at closing time to the current price is 0.42% . |
Purpose Strategic Yield Fundamentals Correlations and Trends
By evaluating Purpose Strategic'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 Strategic'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 Strategic Etf history
Purpose Strategic 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 Strategic Yield 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 Strategic stock prices may prove useful in developing a viable investing in Purpose Strategic
The funds investment objective is to provide investors with a high yield by investing primarily in, or obtaining exposure primarily to, fixed income securities of corporate issuers located in Canada or the United States. PURPOSE STRATEGIC is traded on Toronto Stock Exchange in Canada.
Purpose Strategic Etf Technical Analysis
Purpose Strategic 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 Strategic Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Purpose Strategic Yield 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 Strategic December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Purpose Strategic 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 Strategic shares will generate the highest return on investment. By undertsting and applying Purpose Strategic etf market strength indicators, traders can identify Purpose Strategic Yield entry and exit signals to maximize returns
Purpose Strategic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Purpose Strategic'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 | 0.2295 | |||
| Jensen Alpha | 0.077 | |||
| Total Risk Alpha | 0.0324 | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 42.93 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Purpose Etf
Purpose Strategic 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 Strategic security.