Purpose Monthly Five Year Return vs. Price To Earning
| PIN Etf | CAD 17.98 0.01 0.06% |
For Purpose Monthly profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Purpose Monthly to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Purpose Monthly Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Purpose Monthly's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Purpose Monthly Income over time as well as its relative position and ranking within its peers.
Purpose |
Purpose Monthly Income Price To Earning vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Monthly's current stock value. Our valuation model uses many indicators to compare Purpose Monthly value to that of its competitors to determine the firm's financial worth. Purpose Monthly Income is rated number one ETF in five year return as compared to similar ETFs. It also is rated number one ETF in price to earning as compared to similar ETFs reporting about 3.02 of Price To Earning per Five Year Return. Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Monthly by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Monthly'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 Price To Earning vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Purpose Monthly |
| = | 5.20 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Purpose Monthly |
| = | 15.70 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Purpose Price To Earning Comparison
Purpose Monthly is currently under evaluation in price to earning as compared to similar ETFs.
Purpose Monthly Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Purpose Monthly, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Purpose Monthly will eventually generate negative long term returns. The profitability progress is the general direction of Purpose Monthly's change in net profit over the period of time. It can combine multiple indicators of Purpose Monthly, 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 Purpose Monthly Income Fund seeks to maximize total return, consisting of dividend income and capital appreciation by tactically investing in a broad range of asset classes which may include equity, fixed income and inflation sensitive securities and cash and to provide shareholders with stable monthly cash distributions. PURPOSE MONTHLY 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 Monthly. 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 Monthly 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 Monthly's important profitability drivers and their relationship over time.
Use Purpose Monthly in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Purpose Monthly position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Purpose Monthly will appreciate offsetting losses from the drop in the long position's value.Purpose Monthly Pair Trading
Purpose Monthly Income Pair Trading Analysis
The ability to find closely correlated positions to Purpose Monthly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purpose Monthly when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Purpose Monthly - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Purpose Monthly Income to buy it.
The correlation of Purpose Monthly is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Purpose Monthly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Monthly Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Purpose Monthly can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Purpose Monthly position
In addition to having Purpose Monthly 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 Communication Thematic Idea Now
Communication
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Communication theme has 61 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 Communication Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Purpose Etf
To fully project Purpose Monthly's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Purpose Monthly Income 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 Monthly's income statement, its balance sheet, and the statement of cash flows.