Purpose Canadian Financial Etf Current Valuation
| BNC Etf | CAD 29.52 0.06 0.20% |
Valuation analysis of Purpose Canadian Fin helps investors to measure Purpose Canadian's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Purpose Canadian's price fluctuation is very steady at this time. Calculation of the real value of Purpose Canadian Fin is based on 3 months time horizon. Increasing Purpose Canadian's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Purpose Canadian is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Purpose Etf. However, Purpose Canadian's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 29.52 | Real 29.1 | Hype 29.53 | Naive 29.59 |
The intrinsic value of Purpose Canadian's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Purpose Canadian's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Purpose Canadian Financial helps investors to forecast how Purpose etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Purpose Canadian more accurately as focusing exclusively on Purpose Canadian's fundamentals will not take into account other important factors: Purpose Canadian Financial ETF Current Valuation Analysis
Purpose Canadian's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Purpose Canadian Current Valuation | 45.36 M |
Most of Purpose Canadian's fundamental indicators, such as Current Valuation, 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, Purpose Canadian Financial is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Purpose Canadian Financial has a Current Valuation of 45.36 M. This is much higher than that of the Purpose Investments Inc. family and significantly higher than that of the Financial Services Equity category. The current valuation for all Canada etfs is notably lower than that of the firm.
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Fund Asset Allocation for Purpose Canadian
The fund consists of 95.81% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Purpose 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.
Purpose Fundamentals
| Return On Asset | -19.13 | |||
| Current Valuation | 45.36 M | |||
| Shares Outstanding | 291.88 M | |||
| Price To Book | 53.75 X | |||
| Price To Sales | 198.33 X | |||
| Revenue | 130 K | |||
| EBITDA | (12.89 M) | |||
| Net Income | (15.7 M) | |||
| Cash And Equivalents | 40.15 M | |||
| Cash Per Share | 0.13 X | |||
| Total Debt | 12.73 M | |||
| Debt To Equity | 0.40 % | |||
| Current Ratio | 3.59 X | |||
| Cash Flow From Operations | (8.81 M) | |||
| Earnings Per Share | 0.01 X | |||
| Number Of Employees | 49 | |||
| Beta | 0.92 | |||
| Market Capitalization | 6.33 B | |||
| Total Asset | 3.53 M | |||
| One Year Return | 34.90 % | |||
| Three Year Return | 8.00 % | |||
| Five Year Return | 10.20 % | |||
| Net Asset | 3.53 M | |||
| Last Dividend Paid | 0.085 | |||
| Equity Positions Weight | 95.81 % |
About Purpose Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Purpose Canadian Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Purpose Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Purpose Canadian Financial based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 Purpose 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 Purpose 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 Purpose Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Purpose Etf
| 0.97 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.99 | XFN | iShares SPTSX Capped | PairCorr |
| 0.86 | ZBK | BMO Equal Weight | PairCorr |
| 0.96 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.85 | ZUB | BMO Equal Weight | PairCorr |
The ability to find closely correlated positions to Purpose 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 Purpose 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 Purpose 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 Purpose Canadian Financial to buy it.
The correlation of Purpose 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 Purpose Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Canadian Fin 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 Purpose 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 Purpose Etf
Purpose Canadian 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 Canadian security.