Purpose Core Dividend Etf Market Value
| PDF Etf | CAD 34.20 0.09 0.26% |
| Symbol | Purpose |
Purpose Core 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Purpose Core's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Purpose Core.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Purpose Core on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Purpose Core Dividend or generate 0.0% return on investment in Purpose Core over 330 days. Purpose Core is related to or competes with BMO Mid, BMO High, IShares Core, and BMO Short. The fund seeks to provide shareholders with long-term capital appreciation through investment in a portfolio of high qua... More
Purpose Core Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Purpose Core's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Purpose Core Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3441 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.807 |
Purpose Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purpose Core's standard deviation. In reality, there are many statistical measures that can use Purpose Core historical prices to predict the future Purpose Core's volatility.| Risk Adjusted Performance | 0.1946 | |||
| Jensen Alpha | 0.0778 | |||
| Total Risk Alpha | 0.0333 | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.6263 |
Purpose Core Dividend Backtested Returns
As of now, Purpose Etf is very steady. Purpose Core Dividend maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Purpose Core Dividend, which you can use to evaluate the volatility of the etf. Please check Purpose Core's Risk Adjusted Performance of 0.1946, standard deviation of 0.4002, and Downside Deviation of 0.3441 to confirm if the risk estimate we provide is consistent with the expected return of 0.0935%. The etf holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Core is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Purpose Core Dividend has good predictability. Overlapping area represents the amount of predictability between Purpose Core time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Purpose Core Dividend price movement. The serial correlation of 0.75 indicates that around 75.0% of current Purpose Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
Purpose Core Dividend lagged returns against current returns
Autocorrelation, which is Purpose Core etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Purpose Core's etf expected returns. We can calculate the autocorrelation of Purpose Core returns to help us make a trade decision. For example, suppose you find that Purpose Core has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Purpose Core regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Purpose Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purpose Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Purpose Core etf over time.
Current vs Lagged Prices |
| Timeline |
Purpose Core Lagged Returns
When evaluating Purpose Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Purpose Core etf have on its future price. Purpose Core autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Purpose Core autocorrelation shows the relationship between Purpose Core etf current value and its past values and can show if there is a momentum factor associated with investing in Purpose Core Dividend.
Regressed Prices |
| Timeline |
Other Information on Investing in Purpose Etf
Purpose Core 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 Core security.