Purpose Gold Bullion Etf Performance
| KILO-B Etf | CAD 44.61 0.60 1.36% |
The etf holds a Beta of 0.0468, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Gold is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Gold Bullion are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak essential indicators, Purpose Gold may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
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Purpose Gold Relative Risk vs. Return Landscape
If you would invest 4,022 in Purpose Gold Bullion on September 2, 2024 and sell it today you would earn a total of 439.00 from holding Purpose Gold Bullion or generate 10.91% return on investment over 90 days. Purpose Gold Bullion is generating 0.1659% of daily returns and assumes 0.8854% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than Purpose, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Purpose Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Gold's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Gold Bullion, and traders can use it to determine the average amount a Purpose Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1873
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Estimated Market Risk
| 0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Purpose Gold is performing at about 14% 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 Gold by adding it to a well-diversified portfolio.
About Purpose Gold Performance
By analyzing Purpose Gold's fundamental ratios, stakeholders can gain valuable insights into Purpose Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Purpose Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Purpose Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Purpose Gold is entity of Canada. It is traded as Etf on TO exchange.