Purpose Monthly Income Etf Performance
| PIN Etf | CAD 18.06 0.05 0.28% |
The etf holds a Beta of 0.0322, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Monthly's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Monthly is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Monthly Income are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Purpose Monthly is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Conversation with Shou-Pin Choo Asian equities QA - UBS | 09/24/2024 |
| In Threey Sharp Ratio | 0.20 |
Purpose |
Purpose Monthly Relative Risk vs. Return Landscape
If you would invest 1,752 in Purpose Monthly Income on September 5, 2024 and sell it today you would earn a total of 54.00 from holding Purpose Monthly Income or generate 3.08% return on investment over 90 days. Purpose Monthly Income is generating 0.0486% of daily returns assuming 0.2904% volatility of returns over the 90 days investment horizon. Simply put, 2% of all etfs have less volatile historical return distribution than Purpose Monthly, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Purpose Monthly Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Monthly's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Monthly Income, and traders can use it to determine the average amount a Purpose Monthly's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1674
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PIN |
Estimated Market Risk
| 0.29 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Purpose Monthly is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Purpose Monthly by adding it to a well-diversified portfolio.
Purpose Monthly Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Monthly, and Purpose Monthly fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Purpose Etf performance.
| Price To Earning | 15.70 X | |||
| Price To Book | 1.75 X | |||
| Price To Sales | 1.52 X | |||
| Total Asset | 12.22 M | |||
About Purpose Monthly Performance
By examining Purpose Monthly's fundamental ratios, stakeholders can obtain critical insights into Purpose Monthly's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Purpose Monthly is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
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.| The fund has annual holdings turnover of about 611.65% suggesting active trading | |
| Purpose Monthly Income maintains roughly 30.0% of its assets in bonds |
Other Information on Investing in Purpose Etf
Purpose Monthly 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 Monthly security.