Purpose Floating Financials
| FLOT-U Etf | USD 6.29 0.17 2.78% |
Net Expense Ratio 0.0101 |
Purpose |
The data published in Purpose Floating's official financial statements typically reflect Purpose Floating'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 Floating's quantitative information. For example, before you start analyzing numbers published by Purpose accountants, it's essential to understand Purpose Floating's liquidity, profitability, and earnings quality within the context of the Purpose Investments Inc. space in which it operates.
Please note, the presentation of Purpose Floating's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Purpose Floating's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Purpose Floating's management manipulating its earnings.
Purpose Floating Etf Summary
Purpose Floating competes with Purpose Ether, Purpose Conservative, Purpose Global, Purpose Enhanced, and Purpose Strategic. The funds investment objectives are to generate current income and preserve capital by investing primarily in floating rate debt securities, short-term debt securities, high yield debt securities and assetbacked and mortgage-backed securities. PURPOSE FLOATING is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA74642Q2009 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Purpose Investments Inc. |
| Benchmark | Dow Jones Industrial |
| Phone | 877 789 1517 |
| Currency | USD - US Dollar |
You should never invest in Purpose Floating without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Purpose Etf, because this is throwing your money away. Analyzing the key information contained in Purpose Floating's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Purpose Floating Key Financial Ratios
Purpose Floating's financial ratios allow both analysts and investors to convert raw data from Purpose Floating's financial statements into concise, actionable information that can be used to evaluate the performance of Purpose Floating over time and compare it to other companies across industries.| Beta | 1.36 | |||
| Last Dividend Paid | 0.0493 |
Purpose Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Floating's current stock value. Our valuation model uses many indicators to compare Purpose Floating value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Purpose Floating competition to find correlations between indicators driving Purpose Floating's intrinsic value. More Info.Purpose Floating Rate is one of the top ETFs in beta as compared to similar ETFs. It is rated below average in one year return as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Floating by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Floating'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 Floating Rate Systematic Risk
Purpose Floating's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Purpose Floating 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 Floating Rate correlated with the market. If Beta is less than 0 Purpose Floating generally moves in the opposite direction as compared to the market. If Purpose Floating Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Purpose Floating Rate is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Purpose Floating is generally in the same direction as the market. If Beta > 1 Purpose Floating moves generally in the same direction as, but more than the movement of the benchmark.
Purpose Floating November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Purpose Floating help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Purpose Floating Rate. We use our internally-developed statistical techniques to arrive at the intrinsic value of Purpose Floating Rate 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 Floating's daily price indicators and compare them against related drivers.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.8606 |
Other Information on Investing in Purpose Etf
Purpose Floating 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 Floating security.