Purpose International Net Asset vs. Beta
Purpose International Beta vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Purpose International's current stock value. Our valuation model uses many indicators to compare Purpose International value to that of its competitors to determine the firm's financial worth. Purpose International Tactical is rated number one ETF in net asset as compared to similar ETFs. It also is rated number one ETF in beta as compared to similar ETFs . The ratio of Net Asset to Beta for Purpose International Tactical is about 35,836,364 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose International by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose International'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 Beta vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Purpose International |
| = | 19.71 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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 International |
| = | 0.55 |
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.
Beta Analysis
As returns on the market increase, Purpose International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose International is expected to be smaller as well.
Purpose International Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Purpose International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Purpose International will eventually generate negative long term returns. The profitability progress is the general direction of Purpose International's change in net profit over the period of time. It can combine multiple indicators of Purpose International, 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 consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of international listed equities and provide less volatility and low correlation to international equity markets by hedging the funds exposure to overall market risk. PURPOSE INTL 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 International. 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 International 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 International's important profitability drivers and their relationship over time.
Purpose International Earnings per Share Projection vs Actual
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Use Investing Themes to Complement your Purpose International position
In addition to having Purpose International 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?
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Sports
Companies in sporting activities arena as well as manufacturers of sporting goods and sport retailers. The Sports theme has 25 constituents at this time.
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Other Information on Investing in Purpose Etf
To fully project Purpose International's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Purpose International 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 International's income statement, its balance sheet, and the statement of cash flows.