Phn Canadian Equity Fund Fundamentals
| 0P0000N468 | CAD 22.32 0.31 1.37% |
PHN Canadian Equity fundamentals help investors to digest information that contributes to PHN Canadian's financial success or failures. It also enables traders to predict the movement of PHN Fund. The fundamental analysis module provides a way to measure PHN Canadian's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to PHN Canadian fund.
PHN |
PHN Canadian Equity Fund Net Asset Analysis
PHN Canadian's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current PHN Canadian Net Asset | 1.5 B |
Most of PHN Canadian's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, PHN Canadian Equity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, PHN Canadian Equity has a Net Asset of 1.5 B. This is 90.76% lower than that of the RBC Global Asset Management Inc. family and significantly higher than that of the Canadian Equity category. The net asset for all Canada funds is notably lower than that of the firm.
PHN Canadian Equity Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining PHN Canadian's current stock value. Our valuation model uses many indicators to compare PHN Canadian value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across PHN Canadian competition to find correlations between indicators driving PHN Canadian's intrinsic value. More Info.PHN Canadian Equity is fifth largest fund in one year return among similar funds. It is fourth largest fund in three year return among similar funds . Comparative valuation analysis is a catch-all model that can be used if you cannot value PHN Canadian by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for PHN Canadian's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.PHN Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PHN Canadian's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of PHN Canadian could also be used in its relative valuation, which is a method of valuing PHN Canadian by comparing valuation metrics of similar companies.PHN Canadian is rated below average in net asset among similar funds.
Fund Asset Allocation for PHN Canadian
The fund consists of 95.84% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides PHN Canadian's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
PHN Fundamentals
| Total Asset | 1.5 B | |||
| One Year Return | (13.79) % | |||
| Three Year Return | (1.87) % | |||
| Five Year Return | 0.82 % | |||
| Ten Year Return | 4.57 % | |||
| Net Asset | 1.5 B | |||
| Minimum Initial Investment | 500 | |||
| Cash Position Weight | 4.16 % | |||
| Equity Positions Weight | 95.84 % |
About PHN Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PHN Canadian Equity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PHN Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PHN Canadian Equity based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fundamental investment objective of the Fund is to provide long-term capital growth. PHN Canadian is traded on Toronto Stock Exchange in Canada.
Pair Trading with PHN Canadian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PHN Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PHN Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with PHN Fund
| 0.95 | 0P00007173 | Mawer Canadien actions | PairCorr |
| 1.0 | 0P00007061 | RBC Canadian Equity | PairCorr |
| 0.74 | 0P00007065 | RBC mondial dnergie | PairCorr |
The ability to find closely correlated positions to PHN Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PHN Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PHN Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PHN Canadian Equity to buy it.
The correlation of PHN Canadian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PHN Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PHN Canadian Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PHN Canadian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in PHN Fund
PHN Canadian financial ratios help investors to determine whether PHN Fund 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 PHN with respect to the benefits of owning PHN Canadian security.
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