Purpose Tactical Hedged Etf Performance
| PHE Etf | CAD 35.69 0.06 0.17% |
The etf holds a Beta of 0.0039, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Tactical is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Purpose Tactical Hedged has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy technical and fundamental indicators, Purpose Tactical is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Peer Health Exchange Announces Fundraiser A Night Out for Health, with Sherri Shepherd - Yahoo Finance | 02/13/2025 |
| In Threey Sharp Ratio | 0.27 |
Purpose |
Purpose Tactical Relative Risk vs. Return Landscape
If you would invest 3,674 in Purpose Tactical Hedged on November 29, 2024 and sell it today you would lose (99.00) from holding Purpose Tactical Hedged or give up 2.69% of portfolio value over 90 days. Purpose Tactical Hedged is producing return of less than zero assuming 0.6122% volatility of returns over the 90 days investment horizon. Simply put, 5% of all etfs have less volatile historical return distribution than Purpose Tactical, 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 Tactical Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Tactical's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Tactical Hedged, and traders can use it to determine the average amount a Purpose Tactical'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 = -0.0713
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PHE |
Estimated Market Risk
| 0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose Tactical 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 Tactical by adding Purpose Tactical to a well-diversified portfolio.
Purpose Tactical Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Tactical, and Purpose Tactical 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.
| Price To Earning | 12.38 X | |||
| Total Asset | 16.93 M | |||
About Purpose Tactical Performance
By examining Purpose Tactical's fundamental ratios, stakeholders can obtain critical insights into Purpose Tactical'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 Tactical 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 consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of U.S. listed equities and less volatility and low correlation to U.S. equity markets by hedging the funds exposure to overall market risk. Purpose Tactical is traded on Toronto Stock Exchange in Canada.| Purpose Tactical generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Peer Health Exchange Announces Fundraiser A Night Out for Health, with Sherri Shepherd - Yahoo Finance |
Other Information on Investing in Purpose Etf
Purpose Tactical 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 Tactical security.