Rbc Phn Short Etf Fundamentals
| RPSB Etf | CAD 19.91 0.02 0.10% |
RBC PHN Short fundamentals help investors to digest information that contributes to RBC PHN's financial success or failures. It also enables traders to predict the movement of RBC Etf. The fundamental analysis module provides a way to measure RBC PHN'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 RBC PHN etf.
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RBC PHN Short ETF Beta Analysis
RBC PHN'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.
Current RBC PHN Beta | 1.06 |
Most of RBC PHN's fundamental indicators, such as Beta, 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, RBC PHN Short is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, RBC PHN Short has a Beta of 1.06. This is much higher than that of the RBC Global Asset Management Inc. family and significantly higher than that of the Canadian Short Term Fixed Income category. The beta for all Canada etfs is notably lower than that of the firm.
RBC Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RBC PHN's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of RBC PHN could also be used in its relative valuation, which is a method of valuing RBC PHN by comparing valuation metrics of similar companies.RBC PHN is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for RBC PHN
The fund consists of 86.27% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides RBC PHN'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.
RBC PHN returns are very sensitive to returns on the market. As the market goes up or down, RBC PHN is expected to follow.
RBC Fundamentals
| Beta | 1.06 | |||
| Total Asset | 39.28 M | |||
| One Year Return | 6.10 % | |||
| Three Year Return | 1.70 % | |||
| Five Year Return | 1.90 % | |||
| Net Asset | 39.28 M | |||
| Last Dividend Paid | 0.037 | |||
| Bond Positions Weight | 86.27 % |
About RBC PHN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RBC PHN Short's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RBC PHN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RBC PHN Short 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.RBC PHN Short Term Canadian Bond ETF seeks to provide regular monthly income with the potential for modest capital growth by investing primarily in a well-diversified portfolio of short-term fixed-income securities issued by Canadian corporations and governments. RBC PHN is traded on Toronto Stock Exchange in Canada.
Other Information on Investing in RBC Etf
RBC PHN financial ratios help investors to determine whether RBC 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 RBC with respect to the benefits of owning RBC PHN security.