Purpose Floating Rate Etf Performance
| FLOT-U Etf | USD 6.00 0.00 0.00% |
The etf holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Purpose Floating are expected to decrease at a much lower rate. During the bear market, Purpose Floating is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Purpose Floating Rate has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Purpose Floating is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
Purpose |
Purpose Floating Relative Risk vs. Return Landscape
If you would invest 607.00 in Purpose Floating Rate on December 26, 2024 and sell it today you would lose (7.00) from holding Purpose Floating Rate or give up 1.15% of portfolio value over 90 days. Purpose Floating Rate is generating negative expected returns and assumes 1.1141% volatility on return distribution over the 90 days horizon. Simply put, 9% 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 Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Floating's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Floating Rate, and traders can use it to determine the average amount a Purpose Floating'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 = -0.0115
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| Negative Returns | FLOT-U |
Estimated Market Risk
| 1.11 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose Floating 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 Floating by adding Purpose Floating to a well-diversified portfolio.
Purpose Floating Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Floating, and Purpose Floating 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 Floating Performance
By analyzing Purpose Floating's fundamental ratios, stakeholders can gain valuable insights into Purpose Floating's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Purpose Floating has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Purpose Floating has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The funds investment objectives are to generate current income and preserve capital by investing primarily in floating rate debt securities, short-term debt securities, high yield debt securities and assetbacked and mortgage-backed securities. PURPOSE FLOATING is traded on Toronto Stock Exchange in Canada.| Purpose Floating generated a negative expected return over the last 90 days | |
| The fund retains about 34.79% of its assets under management (AUM) in fixed income securities |
Other Information on Investing in Purpose Etf
Purpose Floating 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 Floating security.