Symphony Floating Rate Fund Manager Performance Evaluation
| SSF-UN Fund | CAD 7.02 0.04 0.57% |
The entity has a beta of 0.0634, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Symphony Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Symphony Floating is expected to be smaller as well.
Risk-Adjusted Performance
7 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in Symphony Floating Rate are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat strong technical and fundamental indicators, Symphony Floating is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.
...more1 | Symphony Floating Rate Senior Loan Fund Renews Normal Course Issuer Bid - Financial Post | 11/20/2024 |
| Fifty Two Week Low | 8.10 | |
| Fifty Two Week High | 8.17 |
Symphony |
Symphony Floating Relative Risk vs. Return Landscape
If you would invest 685.00 in Symphony Floating Rate on August 28, 2024 and sell it today you would earn a total of 17.00 from holding Symphony Floating Rate or generate 2.48% return on investment over 90 days. Symphony Floating Rate is generating 0.0399% of daily returns and assumes 0.4373% volatility on return distribution over the 90 days horizon. Simply put, 3% of funds are less volatile than Symphony, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Symphony Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Symphony Floating's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Symphony Floating Rate, and traders can use it to determine the average amount a Symphony Floating'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 = 0.0911
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| Negative Returns | SSF-UN |
Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Symphony Floating is performing at about 7% 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 Symphony Floating by adding it to a well-diversified portfolio.
About Symphony Floating Performance
By analyzing Symphony Floating's fundamental ratios, stakeholders can gain valuable insights into Symphony Floating's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Symphony Floating has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Symphony Floating has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Symphony Floating Rate Senior Loan Fund is a closed-ended fixed income mutual fund launched and managed by Brompton Funds Limited. Symphony Floating Rate Senior Loan Fund was formed on November 1, 2011 and is domiciled in Canada. SYMPHONY FLOATING is traded on Toronto Stock Exchange in Canada.Things to note about Symphony Floating Rate performance evaluation
Checking the ongoing alerts about Symphony Floating for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Symphony Floating Rate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Symphony Floating Rate Senior Loan Fund Renews Normal Course Issuer Bid - Financial Post |
- Analyzing Symphony Floating's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Symphony Floating's stock is overvalued or undervalued compared to its peers.
- Examining Symphony Floating's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Symphony Floating's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Symphony Floating's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Symphony Floating's fund. These opinions can provide insight into Symphony Floating's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Symphony Fund
Symphony Floating financial ratios help investors to determine whether Symphony Fund 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 Symphony with respect to the benefits of owning Symphony Floating security.
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