Purpose Global Bond Etf Performance
| IGB Etf | CAD 18.48 0.01 0.05% |
The etf holds a Beta of -0.0062, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Purpose Global are expected to decrease at a much lower rate. During the bear market, Purpose Global is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Global Bond are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy fundamental drivers, Purpose Global is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.16 |
Purpose |
Purpose Global Relative Risk vs. Return Landscape
If you would invest 1,809 in Purpose Global Bond on September 1, 2024 and sell it today you would earn a total of 39.00 from holding Purpose Global Bond or generate 2.16% return on investment over 90 days. Purpose Global Bond is generating 0.0335% of daily returns assuming 0.1876% volatility of returns over the 90 days investment horizon. Simply put, 1% of all etfs have less volatile historical return distribution than Purpose Global, 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 Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Global Bond, and traders can use it to determine the average amount a Purpose Global'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 = 0.1786
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| Negative Returns | IGB |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Purpose Global is performing at about 14% of its full potential. 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 Global by adding it to a well-diversified portfolio.
Purpose Global Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Global, and Purpose Global 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 Global Performance
By examining Purpose Global's fundamental ratios, stakeholders can obtain critical insights into Purpose Global's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Purpose Global is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Purpose Global is entity of Canada. It is traded as Etf on TO exchange.