Purpose International Dividend Etf Performance
| PID Etf | CAD 23.30 0.04 0.17% |
The etf holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose International is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Purpose International Dividend has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, Purpose International is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | When Moves Investors should Listen - Stock Traders Daily | 11/14/2024 |
| In Threey Sharp Ratio | 0.59 |
Purpose |
Purpose International Relative Risk vs. Return Landscape
If you would invest 2,378 in Purpose International Dividend on August 29, 2024 and sell it today you would lose (48.00) from holding Purpose International Dividend or give up 2.02% of portfolio value over 90 days. Purpose International Dividend is producing return of less than zero assuming 0.6215% volatility of returns over the 90 days investment horizon. Simply put, 5% of all etfs have less volatile historical return distribution than Purpose International, 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 International Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose International's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose International Dividend, and traders can use it to determine the average amount a Purpose International'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 = -0.049
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| Negative Returns | PID |
Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose International is not performing at its full potential. However, 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 International by adding Purpose International to a well-diversified portfolio.
Purpose International Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose International, and Purpose International 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 | 12.55 X | |||
| Price To Book | 1.19 X | |||
| Price To Sales | 0.74 X | |||
| Total Asset | 160.91 M | |||
About Purpose International Performance
By examining Purpose International's fundamental ratios, stakeholders can obtain critical insights into Purpose International'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 International 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 unitholders with long-term capital appreciation through investment in a portfolio of high quality international dividend-paying equity securities and monthly cash distributions. PURPOSE INTL is traded on Toronto Stock Exchange in Canada.| Purpose International generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: When Moves Investors should Listen - Stock Traders Daily | |
| The fund maintains all of its assets in stocks |
Other Information on Investing in Purpose Etf
Purpose International 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 International security.