Purpose Diversified Real Etf Holdings Turnover
| PRA Etf | CAD 29.80 0.29 0.98% |
Purpose Diversified Real fundamentals help investors to digest information that contributes to Purpose Diversified's financial success or failures. It also enables traders to predict the movement of Purpose Etf. The fundamental analysis module provides a way to measure Purpose Diversified'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 Purpose Diversified etf.
Purpose |
Purpose Diversified Real ETF Holdings Turnover Analysis
Purpose Diversified's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Current Purpose Diversified Holdings Turnover | 100.47 % |
Most of Purpose Diversified's fundamental indicators, such as Holdings Turnover, 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 Diversified Real is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
| Competition |
According to the company disclosure, Purpose Diversified Real has a Holdings Turnover of 100%. This is much higher than that of the Purpose Investments Inc. family and significantly higher than that of the Miscellaneous - Income and Real Property category. The holdings turnover for all Canada etfs is notably lower than that of the firm.
Purpose Holdings Turnover Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Purpose Diversified's direct or indirect competition against its Holdings Turnover to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Purpose Diversified could also be used in its relative valuation, which is a method of valuing Purpose Diversified by comparing valuation metrics of similar companies.Purpose Diversified is currently under evaluation in holdings turnover as compared to similar ETFs.
Fund Asset Allocation for Purpose Diversified
The fund invests 47.95% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Purpose Diversified'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
| Price To Earning | 22.26 X | |||
| Price To Book | 1.26 X | |||
| Price To Sales | 1.77 X | |||
| Beta | 0.49 | |||
| Total Asset | 8.19 M | |||
| One Year Return | 12.60 % | |||
| Three Year Return | 10.50 % | |||
| Five Year Return | 12.00 % | |||
| Ten Year Return | 6.00 % | |||
| Net Asset | 8.19 M | |||
| Last Dividend Paid | 0.075 | |||
| Holdings Turnover | 100.47 % | |||
| Equity Positions Weight | 47.95 % |
About Purpose Diversified Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Purpose Diversified Real's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Purpose Diversified using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Purpose Diversified Real 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 Diversified
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 Diversified 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 Diversified will appreciate offsetting losses from the drop in the long position's value.Moving together with Purpose Etf
| 0.86 | PAYF | Purpose Enhanced Premium | PairCorr |
| 0.7 | ZPH | BMO Put Write | PairCorr |
| 0.94 | HURA | Global X Uranium | PairCorr |
The ability to find closely correlated positions to Purpose Diversified 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 Diversified 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 Diversified - 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 Diversified Real to buy it.
The correlation of Purpose Diversified 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 Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Diversified Real 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 Diversified 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 Diversified 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 Diversified security.