Purpose International Tactical Etf Market Value
| PHW Etf | CAD 21.11 0.06 0.29% |
| Symbol | Purpose |
Purpose International '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 International'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 International.
| 10/04/2025 |
| 01/02/2026 |
If you would invest 0.00 in Purpose International on October 4, 2025 and sell it all today you would earn a total of 0.00 from holding Purpose International Tactical or generate 0.0% return on investment in Purpose International over 90 days. Purpose International is related to or competes with First Trust. The fund seeks to provide shareholders with consistent long-term capital appreciation with an attractive risk-adjusted r... More
Purpose International 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 International'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 International Tactical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.8996 |
Purpose International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purpose International's standard deviation. In reality, there are many statistical measures that can use Purpose International historical prices to predict the future Purpose International's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.03) |
Purpose International Backtested Returns
Purpose International maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. Purpose International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Purpose International's Coefficient Of Variation of (224,787), variance of 0.4159, and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The etf holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose International is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Purpose International Tactical has insignificant reverse predictability. Overlapping area represents the amount of predictability between Purpose International time series from 4th of October 2025 to 18th of November 2025 and 18th of November 2025 to 2nd of January 2026. 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 International price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Purpose International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Purpose International lagged returns against current returns
Autocorrelation, which is Purpose International 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 International's etf expected returns. We can calculate the autocorrelation of Purpose International returns to help us make a trade decision. For example, suppose you find that Purpose International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purpose International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Purpose International etf over time.
Current vs Lagged Prices |
| Timeline |
Purpose International Lagged Returns
When evaluating Purpose International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Purpose International etf have on its future price. Purpose International 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 International autocorrelation shows the relationship between Purpose International etf current value and its past values and can show if there is a momentum factor associated with investing in Purpose International Tactical.
Regressed Prices |
| Timeline |
Other Information on Investing in Purpose Etf
Purpose International 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 International security.