Rbc Phn Short Etf Ten Year Return
| RPSB Etf | CAD 19.99 0.01 0.05% |
RBC PHN Short fundamentals help investors to digest information that contributes to RBC PHN's financial success or failures. It also enables traders to predict the movement of RBC Etf. The fundamental analysis module provides a way to measure RBC PHN'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 RBC PHN etf.
RBC |
RBC PHN Short ETF Ten Year Return Analysis
RBC PHN's Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
More About Ten Year Return | All Equity Analysis
Ten Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
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Based on the latest financial disclosure, RBC PHN Short has a Ten Year Return of 0.0%. This indicator is about the same for the RBC Global Asset Management Inc. average (which is currently at 0.0) family and about the same as Canadian Short Term Fixed Income (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
RBC Ten Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RBC PHN's direct or indirect competition against its Ten 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 RBC PHN could also be used in its relative valuation, which is a method of valuing RBC PHN by comparing valuation metrics of similar companies.RBC PHN is currently under evaluation in ten year return as compared to similar ETFs.
Fund Asset Allocation for RBC PHN
The fund consists of 86.27% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides RBC PHN's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
RBC Fundamentals
| Beta | 1.06 | |||
| Total Asset | 39.28 M | |||
| One Year Return | 6.10 % | |||
| Three Year Return | 2.10 % | |||
| Five Year Return | 2.10 % | |||
| Net Asset | 39.28 M | |||
| Last Dividend Paid | 0.037 | |||
| Bond Positions Weight | 86.27 % |
About RBC PHN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RBC PHN Short's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RBC PHN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RBC PHN Short 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 RBC PHN
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 RBC PHN 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 RBC PHN will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Etf
| 0.89 | XSB | iShares Canadian Short | PairCorr |
| 0.74 | XSH | iShares Core Canadian | PairCorr |
| 0.76 | ZCS | BMO Short Corporate | PairCorr |
| 0.88 | VSB | Vanguard Canadian Short | PairCorr |
The ability to find closely correlated positions to RBC PHN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC PHN 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 RBC PHN - 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 RBC PHN Short to buy it.
The correlation of RBC PHN 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 RBC PHN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC PHN Short 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 RBC PHN 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 RBC Etf
RBC PHN financial ratios help investors to determine whether RBC 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 RBC with respect to the benefits of owning RBC PHN security.