Purpose Fund Corp Etf Performance
| PYF-U Etf | USD 19.76 0.19 0.97% |
The etf holds a Beta of 0.0296, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Fund is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Purpose Fund Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Purpose Fund is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Purpose |
Purpose Fund Relative Risk vs. Return Landscape
If you would invest 2,003 in Purpose Fund Corp on September 25, 2024 and sell it today you would lose (27.00) from holding Purpose Fund Corp or give up 1.35% of portfolio value over 90 days. Purpose Fund Corp is generating negative expected returns and assumes 0.3977% volatility on return distribution over the 90 days horizon. Simply put, 3% of etfs are less volatile than Purpose, 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 Fund Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Fund's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Fund Corp, and traders can use it to determine the average amount a Purpose Fund'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 = -0.0522
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| Negative Returns | PYF-U |
Estimated Market Risk
| 0.4 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose Fund is not performing at its full potential. However, 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 Fund by adding Purpose Fund to a well-diversified portfolio.
Purpose Fund Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Fund, and Purpose Fund 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.
About Purpose Fund Performance
Assessing Purpose Fund's fundamental ratios provides investors with valuable insights into Purpose Fund's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Purpose Fund is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
PURPOSE PREMIUM is traded on Toronto Stock Exchange in Canada.| Purpose Fund Corp generated a negative expected return over the last 90 days | |
| The fund maintains most of the assets in different exotic instruments. |
Other Information on Investing in Purpose Etf
Purpose Fund 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 Fund security.