Purpose Strategic Yield Etf Performance
| SYLD Etf | CAD 19.35 0.13 0.68% |
The etf holds a Beta of 0.0178, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Strategic is expected to be smaller as well.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Strategic Yield are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Purpose Strategic 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 | 0.09 |
Purpose |
Purpose Strategic Relative Risk vs. Return Landscape
If you would invest 1,863 in Purpose Strategic Yield on November 3, 2024 and sell it today you would earn a total of 72.00 from holding Purpose Strategic Yield or generate 3.86% return on investment over 90 days. Purpose Strategic Yield is generating 0.0605% of daily returns and assumes 0.2628% volatility on return distribution over the 90 days horizon. Simply put, 2% 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 Strategic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Strategic's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Strategic Yield, and traders can use it to determine the average amount a Purpose Strategic'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 = 0.2304
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Estimated Market Risk
| 0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average Purpose Strategic is performing at about 18% 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 Strategic by adding it to a well-diversified portfolio.
Purpose Strategic Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Strategic, and Purpose Strategic 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.
About Purpose Strategic Performance
By examining Purpose Strategic's fundamental ratios, stakeholders can obtain critical insights into Purpose Strategic'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 Strategic 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.
The funds investment objective is to provide investors with a high yield by investing primarily in, or obtaining exposure primarily to, fixed income securities of corporate issuers located in Canada or the United States. PURPOSE STRATEGIC is traded on Toronto Stock Exchange in Canada.| The fund maintains about 36.3% of its assets in bonds |
Other Information on Investing in Purpose Etf
Purpose Strategic 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 Strategic security.