Purpose Gold Bullion Etf Performance
| KILO Etf | CAD 39.99 0.71 1.81% |
The etf holds a Beta of -0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Purpose Gold are expected to decrease at a much lower rate. During the bear market, Purpose Gold is likely to outperform the market.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Gold Bullion are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain basic indicators, Purpose Gold may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Most banks expect golds bull run to persist into 2025 - MSN | 09/30/2024 |
2 | Gold Price Today Yellow metal prices extend rally, gain Rs 3,10010 in 5 days, silver up by Rs 1,600kg - The Economic Times | 11/21/2024 |
| In Threey Sharp Ratio | 0.84 |
Purpose |
Purpose Gold Relative Risk vs. Return Landscape
If you would invest 3,739 in Purpose Gold Bullion on August 27, 2024 and sell it today you would earn a total of 260.00 from holding Purpose Gold Bullion or generate 6.95% return on investment over 90 days. Purpose Gold Bullion is generating 0.1111% of daily returns and assumes 0.9334% volatility on return distribution over the 90 days horizon. Simply put, 8% of etfs are less volatile than Purpose, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
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 = 0.119
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | KILO | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Purpose Gold is performing at about 9% 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.
Purpose Gold Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Gold, and Purpose Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Purpose Etf performance.
About Purpose Gold Performance
By examining Purpose Gold's fundamental ratios, stakeholders can obtain critical insights into Purpose Gold's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Purpose Gold is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund has been created to buy and hold substantially all of its assets in gold bullion and, incidental thereto, minor amounts of gold certificates, if any. PURPOSE GOLD is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: Gold Price Today Yellow metal prices extend rally, gain Rs 3,10010 in 5 days, silver up by Rs 1,600kg - The Economic Times |
Other Information on Investing in Purpose Etf
Purpose Gold 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 Gold security.