Phn Multi Style All Cap Fund Beta
| 0P0000OXA6 | CAD 28.25 0.12 0.42% |
PHN Multi Style All Cap fundamentals help investors to digest information that contributes to PHN Multi'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 Multi'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 Multi fund.
PHN |
PHN Multi Style All Cap Fund Beta Analysis
PHN Multi's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, PHN Multi Style All Cap has a Beta 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 US 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 Multi
The fund consists of 98.42% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides PHN Multi'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 | 5.64 B | |||
| One Year Return | (0.80) % | |||
| Three Year Return | 5.68 % | |||
| Five Year Return | 8.42 % | |||
| Net Asset | 5.64 B | |||
| Minimum Initial Investment | 500 | |||
| Cash Position Weight | 1.58 % | |||
| Equity Positions Weight | 98.42 % |
About PHN Multi Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PHN Multi Style All Cap's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PHN Multi using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PHN Multi Style All Cap 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 Multi
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 Multi 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 Multi will appreciate offsetting losses from the drop in the long position's value.Moving together with PHN Fund
| 1.0 | 0P000077P2 | RBC Dividend | PairCorr |
| 0.94 | 0P0000716B | Mawer Equity A | PairCorr |
| 0.98 | 0P000071W8 | TD Index Fund | PairCorr |
| 0.94 | 0P0000706A | RBC Select Balanced | PairCorr |
The ability to find closely correlated positions to PHN Multi 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 Multi 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 Multi - 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 Multi Style All Cap to buy it.
The correlation of PHN Multi 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 Multi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PHN Multi Style 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 Multi 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 Multi 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 Multi security.
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