Phn Canadian Equity Fund Return On Equity
| 0P0000N468 | CAD 22.63 0.31 1.39% |
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 Return On Equity Analysis
PHN Canadian's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, PHN Canadian Equity has a Return On Equity of 0.0. This indicator is about the same for the RBC Global Asset Management Inc. average (which is currently at 0.0) family and about the same as Canadian Equity (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
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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.
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
| 0.96 | 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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