Purpose Core Beta vs. Holdings Turnover
| PDF Etf | CAD 34.20 0.09 0.26% |
For Purpose Core profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Purpose Core to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Purpose Core Dividend utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Purpose Core's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Purpose Core Dividend over time as well as its relative position and ranking within its peers.
Purpose |
Purpose Core Dividend Holdings Turnover vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Core's current stock value. Our valuation model uses many indicators to compare Purpose Core value to that of its competitors to determine the firm's financial worth. Purpose Core Dividend is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in holdings turnover as compared to similar ETFs reporting about 100.88 of Holdings Turnover per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Core by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Core's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Purpose Holdings Turnover vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Purpose Core |
| = | 0.64 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Purpose Core |
| = | 64.56 % |
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
Purpose Holdings Turnover Comparison
Purpose Core is currently under evaluation in holdings turnover as compared to similar ETFs.
Beta Analysis
As returns on the market increase, Purpose Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Core is expected to be smaller as well.
Purpose Core Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Purpose Core, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Purpose Core will eventually generate negative long term returns. The profitability progress is the general direction of Purpose Core's change in net profit over the period of time. It can combine multiple indicators of Purpose Core, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund seeks to provide shareholders with long-term capital appreciation through investment in a portfolio of high quality North American dividend-paying equity securities and monthly cash distributions. PURPOSE CORE is traded on Toronto Stock Exchange in Canada.
Purpose Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Purpose Core. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Purpose Core position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Purpose Core's important profitability drivers and their relationship over time.
Learn to be your own money manager
Our tools can tell you how much better you can do entering a position in Purpose Core without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Alpha Finder Now
Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
Use Investing Themes to Complement your Purpose Core position
In addition to having Purpose Core in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Diversified Assets Thematic Idea Now
Diversified Assets
Pablicly traded close-end funds and other entities backed by different types of diversified investments. The Diversified Assets theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Diversified Assets Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Purpose Etf
To fully project Purpose Core's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Purpose Core Dividend at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Purpose Core's income statement, its balance sheet, and the statement of cash flows.