Purpose Tactical Financials
| PHE Etf | CAD 36.82 0.04 0.11% |
3 y Sharp Ratio 0.14 |
Purpose |
The data published in Purpose Tactical's official financial statements typically reflect Purpose Tactical's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Purpose Tactical's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Tactical's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Purpose Tactical Etf Summary
Purpose Tactical competes with IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. 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 U.S. listed equities and less volatility and low correlation to U.S. equity markets by hedging the funds exposure to overall market risk. Purpose Tactical is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74639Y2087 |
| Region | Others |
| Investment Issuer | Others |
| Business Address | Toronto, ON MS |
| Etf Family | Purpose Investments Inc. |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | CAD - Canadian Dollar |
Purpose Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Tactical's current stock value. Our valuation model uses many indicators to compare Purpose Tactical value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Tactical competition to find correlations between indicators driving Purpose Tactical's intrinsic value. More Info.Purpose Tactical Hedged is rated number one ETF in price to earning as compared to similar ETFs. It is regarded second largest ETF in one year return as compared to similar ETFs reporting about 1.43 of One Year Return per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Tactical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Tactical'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 Tactical Hedged Systematic Risk
Purpose Tactical's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Tactical volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Purpose Tactical Hedged correlated with the market. If Beta is less than 0 Purpose Tactical generally moves in the opposite direction as compared to the market. If Purpose Tactical Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Tactical Hedged is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Tactical is generally in the same direction as the market. If Beta > 1 Purpose Tactical moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Tactical December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Tactical help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Tactical Hedged. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Tactical Hedged based on widely used predictive technical indicators. In general, we focus on analyzing Purpose Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Purpose Tactical's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.4467 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.6542 |
Other Information on Investing in Purpose Etf
Purpose Tactical 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 Tactical security.