Purpose Cash Management Etf Performance
| MNY Etf | 100.20 0.02 0.02% |
The etf holds a Beta of 0.0013, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Cash's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Cash is expected to be smaller as well.
Risk-Adjusted Performance
87 of 100
Weak | Strong |
Market Crasher
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Cash Management are ranked lower than 87 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Purpose Cash is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Purpose |
Purpose Cash Relative Risk vs. Return Landscape
If you would invest 9,925 in Purpose Cash Management on October 22, 2024 and sell it today you would earn a total of 95.00 from holding Purpose Cash Management or generate 0.96% return on investment over 90 days. Purpose Cash Management is generating 0.0154% of daily returns assuming 0.0138% volatility of returns over the 90 days investment horizon. Simply put, 0% of all etfs have less volatile historical return distribution than Purpose Cash, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Purpose Cash Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Cash's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Cash Management, and traders can use it to determine the average amount a Purpose Cash's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 1.1132
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| MNY |
Based on monthly moving average Purpose Cash is performing at about 87% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Purpose Cash by adding it to a well-diversified portfolio.
About Purpose Cash Performance
By examining Purpose Cash's fundamental ratios, stakeholders can obtain critical insights into Purpose Cash's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Purpose Cash is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Purpose is showing solid risk-adjusted performance over 90 days |
Other Information on Investing in Purpose Etf
Purpose Cash 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 Cash security.