Purpose High Interest Etf Performance
| PSA Etf | CAD 50.12 0.01 0.02% |
The etf holds a Beta of -0.0452, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Purpose High are expected to decrease at a much lower rate. During the bear market, Purpose High is likely to outperform the market.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose High Interest are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Purpose High is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Gordon Papes mailbag Searching for safety and yield, buying Florida property, RRIF management and other investing dilemmas - The Globe and Mail | 10/16/2024 |
| In Threey Sharp Ratio | 2.07 |
Purpose |
Purpose High Relative Risk vs. Return Landscape
If you would invest 4,715 in Purpose High Interest on September 24, 2024 and sell it today you would earn a total of 297.00 from holding Purpose High Interest or generate 6.3% return on investment over 90 days. Purpose High Interest is generating 0.0985% of daily returns assuming 0.7998% volatility of returns over the 90 days investment horizon. Simply put, 7% of all etfs have less volatile historical return distribution than Purpose High, 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 High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose High's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose High Interest, and traders can use it to determine the average amount a Purpose High'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 = 0.1232
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| Cash | PSA | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Purpose High is performing at about 9% 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 High by adding it to a well-diversified portfolio.
Purpose High Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose High, and Purpose High 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.
| Total Asset | 2.34 B | |||
About Purpose High Performance
By examining Purpose High's fundamental ratios, stakeholders can obtain critical insights into Purpose High'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 High 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 fund seeks to maximize monthly income for unitholders while preserving capital and liquidity by investing in high interest deposit accounts. PURPOSE HIGH is traded on Toronto Stock Exchange in Canada.| The fund maintains all of the assets in different exotic instruments |
Other Information on Investing in Purpose Etf
Purpose High 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 High security.