Closing Bell Purpose High Interest Savings ETF down on Tuesday - The Globe and Mail
| PSA Etf | CAD 50.12 0.01 0.02% |
About 55% of Purpose High's investor base is interested to short. The current sentiment regarding investing in Purpose High Interest etf implies that many traders are impartial. Purpose High's investing sentiment overview a quick insight into current market opportunities from investing in Purpose High Interest. Many technical investors use Purpose High Interest etf news signals to limit their universe of possible portfolio assets and to time the market correctly.
Purpose |
Closing Bell Purpose High Interest Savings ETF down on Tuesday The Globe and Mail
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Purpose High Fundamental Analysis
We analyze Purpose High's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Purpose High using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Purpose High 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.
One Year Return
One Year Return Comparative Analysis
Purpose High is currently under evaluation in one year return as compared to similar ETFs. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Purpose High Interest Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Purpose High etf to make a market-neutral strategy. Peer analysis of Purpose High could also be used in its relative valuation, which is a method of valuing Purpose High by comparing valuation metrics with similar companies.
Peers
Purpose High Related Equities
| ALA-PA | Altagas Cum | 1.35 | ||||
| ERE-UN | European Residential | 0.80 | ||||
| XHB | IShares Canadian | 0.35 | ||||
| XEG | IShares SPTSX | 0.06 | ||||
| CMR | IShares Premium | 0.04 | ||||
| CASH | GLOBAL X | 0.02 | ||||
| RUDB | RBC Discount | 0.36 |
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.