Purpose Enhanced Premium Etf Performance
| PAYF Etf | CAD 19.23 0.02 0.10% |
The etf holds a Beta of 0.0694, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Enhanced is expected to be smaller as well.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Enhanced Premium are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Purpose Enhanced is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.53 |
Purpose |
Purpose Enhanced Relative Risk vs. Return Landscape
If you would invest 1,889 in Purpose Enhanced Premium on August 25, 2024 and sell it today you would earn a total of 34.00 from holding Purpose Enhanced Premium or generate 1.8% return on investment over 90 days. Purpose Enhanced Premium is generating 0.0285% of daily returns and assumes 0.3429% volatility on return distribution over the 90 days horizon. Simply put, 3% of etfs are less volatile than Purpose, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Purpose Enhanced Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Enhanced's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Enhanced Premium, and traders can use it to determine the average amount a Purpose Enhanced'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 = 0.083
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| Negative Returns | PAYF |
Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Purpose Enhanced is performing at about 6% 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 Enhanced by adding it to a well-diversified portfolio.
Purpose Enhanced Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Enhanced, and Purpose Enhanced fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Purpose Etf performance.
| Total Asset | 9.29 M | |||
About Purpose Enhanced Performance
By examining Purpose Enhanced's fundamental ratios, stakeholders can obtain critical insights into Purpose Enhanced'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 Enhanced 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 ENHANCED is traded on Toronto Stock Exchange in Canada.