Purpose Multi Asset Income Etf Performance
| PINC Etf | CAD 18.74 0.08 0.43% |
The etf holds a Beta of 0.0011, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Multi is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Multi Asset Income are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Purpose Multi is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.28 |
Purpose |
Purpose Multi Relative Risk vs. Return Landscape
If you would invest 1,780 in Purpose Multi Asset Income on August 25, 2024 and sell it today you would earn a total of 94.00 from holding Purpose Multi Asset Income or generate 5.28% return on investment over 90 days. Purpose Multi Asset Income is generating 0.0814% of daily returns and assumes 0.4329% volatility on return distribution over the 90 days horizon. Simply put, 3% of etfs are less volatile than Purpose, 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 Multi Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Multi's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Multi Asset Income, and traders can use it to determine the average amount a Purpose Multi'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 = 0.188
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | PINC | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.43 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Purpose Multi 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 Multi by adding it to a well-diversified portfolio.
Purpose Multi Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Multi, and Purpose Multi 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 | 219.02 M | |||
About Purpose Multi Performance
By examining Purpose Multi's fundamental ratios, stakeholders can obtain critical insights into Purpose Multi'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 Multi 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 investment objectives are to generate a high level of income and long-term capital growth by investing primarily in a mix of income-producing securities, including but not limited to, equity securities, common and preferred shares, real estate investment trusts , convertible securities, investment grade fixed income securities, higher yielding, lower quality fixed income securities, floating rate debt instruments and asset-backed securities and mortgage-backed securities, PURPOSE MULTI is traded on Toronto Stock Exchange in Canada.| The fund maintains about 14.43% of its assets in bonds |
Other Information on Investing in Purpose Etf
Purpose Multi 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 Multi security.