Purpose Tactical Hedged Etf Performance
| PHE Etf | CAD 36.82 0.04 0.11% |
The etf holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Tactical is expected to be smaller as well.
Risk-Adjusted Performance
15 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Tactical Hedged are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy technical and fundamental indicators, Purpose Tactical is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.14 |
Purpose |
Purpose Tactical Relative Risk vs. Return Landscape
If you would invest 3,490 in Purpose Tactical Hedged on September 1, 2024 and sell it today you would earn a total of 192.00 from holding Purpose Tactical Hedged or generate 5.5% return on investment over 90 days. Purpose Tactical Hedged is generating 0.086% of daily returns assuming 0.4427% volatility of returns over the 90 days investment horizon. Simply put, 3% of all etfs have less volatile historical return distribution than Purpose Tactical, 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 Tactical Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Tactical's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Tactical Hedged, and traders can use it to determine the average amount a Purpose Tactical'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 = 0.1943
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Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Purpose Tactical is performing at about 15% 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 Tactical by adding it to a well-diversified portfolio.
Purpose Tactical Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Tactical, and Purpose Tactical 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.
| Price To Earning | 12.38 X | |||
| Total Asset | 16.93 M | |||
About Purpose Tactical Performance
By examining Purpose Tactical's fundamental ratios, stakeholders can obtain critical insights into Purpose Tactical'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 Tactical 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 consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of U.S. listed equities and less volatility and low correlation to U.S. equity markets by hedging the funds exposure to overall market risk. Purpose Tactical is traded on Toronto Stock Exchange in Canada.