Purpose Strategic Valuation
| SYLD Etf | CAD 19.25 0.07 0.36% |
At this time, the etf appears to be overvalued. Purpose Strategic Yield holds a recent Real Value of C$17.62 per share. The prevailing price of the etf is C$19.25. Our model determines the value of Purpose Strategic Yield from analyzing the etf fundamentals such as beta of 0.38, and Equity Positions Weight of 1.56 % as well as examining its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that Purpose Strategic's price fluctuation is very steady at this time. Calculation of the real value of Purpose Strategic Yield is based on 3 months time horizon. Increasing Purpose Strategic's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Purpose Strategic is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Purpose Etf. However, Purpose Strategic's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 19.25 | Real 17.62 | Hype 19.25 | Naive 19.29 |
The intrinsic value of Purpose Strategic's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Purpose Strategic's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Purpose Strategic Yield helps investors to forecast how Purpose etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Purpose Strategic more accurately as focusing exclusively on Purpose Strategic's fundamentals will not take into account other important factors: About Purpose Strategic Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Purpose Strategic Yield. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Purpose Strategic Yield based exclusively on its fundamental and basic technical indicators. By analyzing Purpose Strategic's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Purpose Strategic's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Purpose Strategic. We calculate exposure to Purpose Strategic's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Purpose Strategic's related companies.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.
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.