Purpose Best Ideas Etf Performance
| PBI Etf | CAD 43.95 0.01 0.02% |
The etf holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Best's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Best is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Purpose Best Ideas has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy forward indicators, Purpose Best is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
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Purpose |
Purpose Best Relative Risk vs. Return Landscape
If you would invest 4,404 in Purpose Best Ideas on December 23, 2024 and sell it today you would lose (9.00) from holding Purpose Best Ideas or give up 0.2% of portfolio value over 90 days. Purpose Best Ideas is generating 0.0013% of daily returns assuming 0.9641% volatility of returns over the 90 days investment horizon. Simply put, 8% of all etfs have less volatile historical return distribution than Purpose Best, 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 Best Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Best's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Best Ideas, and traders can use it to determine the average amount a Purpose Best'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 = 0.0013
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PBI |
Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose Best 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 Best by adding Purpose Best to a well-diversified portfolio.
Purpose Best Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Best, and Purpose Best 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.
| Total Asset | 22.91 M | |||
About Purpose Best Performance
By examining Purpose Best's fundamental ratios, stakeholders can obtain critical insights into Purpose Best'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 Best 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.
The fund seeks to provide shareholders with attractive long-term capital appreciation by investing in a portfolio of North American equities considered to be high conviction securities across a group of some of the worlds most renowned investment managers. PURPOSE BEST is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: Insider Sale EVP Chief Innovation Officer of PBI Sells 130,000 Shares - Nasdaq |
Other Information on Investing in Purpose Etf
Purpose Best 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 Best security.