Purpose Gold Bullion Etf Three Year Return
| KILO Etf | CAD 39.49 0.46 1.18% |
Purpose Gold Bullion fundamentals help investors to digest information that contributes to Purpose Gold's financial success or failures. It also enables traders to predict the movement of Purpose Etf. The fundamental analysis module provides a way to measure Purpose Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Purpose Gold etf.
Purpose |
Purpose Gold Bullion ETF Three Year Return Analysis
Purpose Gold's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Purpose Gold Three Year Return | 13.70 % |
Most of Purpose Gold's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Purpose Gold Bullion is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, Purpose Gold Bullion has a Three Year Return of 13.7%. This is much higher than that of the Purpose Investments Inc. family and significantly higher than that of the Commodity category. The three year return for all Canada etfs is notably lower than that of the firm.
Purpose Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Purpose Gold's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Purpose Gold could also be used in its relative valuation, which is a method of valuing Purpose Gold by comparing valuation metrics of similar companies.Purpose Gold is currently under evaluation in three year return as compared to similar ETFs.
Purpose Fundamentals
| Beta | 0.14 | |||
| One Year Return | 30.00 % | |||
| Three Year Return | 13.70 % | |||
| Five Year Return | 11.50 % |
About Purpose Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Purpose Gold Bullion's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Purpose Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Purpose Gold Bullion based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Purpose Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Purpose Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Purpose Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Purpose Etf
| 0.93 | SVR | iShares Silver Bullion | PairCorr |
| 0.99 | HGY | Global X Gold | PairCorr |
| 1.0 | VALT | CI Gold Bullion | PairCorr |
| 1.0 | HUG | Global X Gold | PairCorr |
| 0.92 | HUZ | Global X Silver | PairCorr |
Moving against Purpose Etf
The ability to find closely correlated positions to Purpose Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purpose Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Purpose Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Purpose Gold Bullion to buy it.
The correlation of Purpose Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Purpose Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Gold Bullion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Purpose Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Purpose Etf
Purpose Gold 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 Gold security.