Purpose Core Dividend Etf Performance
| PDF Etf | CAD 34.33 0.11 0.32% |
The etf holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Core is expected to be smaller as well.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Core Dividend are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy technical and fundamental indicators, Purpose Core is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Where is the crypto market heading after the ETF hype - DWS | 10/15/2024 |
| In Threey Sharp Ratio | 0.32 |
Purpose |
Purpose Core Relative Risk vs. Return Landscape
If you would invest 3,222 in Purpose Core Dividend on September 1, 2024 and sell it today you would earn a total of 211.00 from holding Purpose Core Dividend or generate 6.55% return on investment over 90 days. Purpose Core Dividend is generating 0.0999% of daily returns assuming 0.3766% volatility of returns over the 90 days investment horizon. Simply put, 3% of all etfs have less volatile historical return distribution than Purpose Core, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Purpose Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Core's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Core Dividend, and traders can use it to determine the average amount a Purpose Core'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 = 0.2652
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Average Risk | High Risk | Huge Risk | |
| Negative Returns |
Estimated Market Risk
| 0.38 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 20 80% of assets perform better |
Based on monthly moving average Purpose Core is performing at about 20% 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 Core by adding it to a well-diversified portfolio.
Purpose Core Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Core, and Purpose Core 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.
| Total Asset | 255.71 M | |||
About Purpose Core Performance
By examining Purpose Core's fundamental ratios, stakeholders can obtain critical insights into Purpose Core'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 Core 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 seeks to provide shareholders with long-term capital appreciation through investment in a portfolio of high quality North American dividend-paying equity securities and monthly cash distributions. PURPOSE CORE is traded on Toronto Stock Exchange in Canada.