Purpose Multi Strategy Market Etf Performance
| PMM Etf | CAD 24.36 0.05 0.20% |
The etf holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Multi is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Purpose Multi Strategy Market has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy primary indicators, Purpose Multi is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Purpose |
Purpose Multi Relative Risk vs. Return Landscape
If you would invest 2,460 in Purpose Multi Strategy Market on December 1, 2024 and sell it today you would lose (24.00) from holding Purpose Multi Strategy Market or give up 0.98% of portfolio value over 90 days. Purpose Multi Strategy Market is producing return of less than zero assuming 0.6388% volatility of returns over the 90 days investment horizon. Simply put, 5% of all etfs have less volatile historical return distribution than Purpose Multi, 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 Multi Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Multi's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Multi Strategy Market, and traders can use it to determine the average amount a Purpose Multi'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 = -0.0216
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PMM |
Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose Multi 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 Multi by adding Purpose Multi to a well-diversified portfolio.
Purpose Multi Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Multi, and Purpose Multi 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 | 66.88 M | |||
About Purpose Multi Performance
By examining Purpose Multi's fundamental ratios, stakeholders can obtain critical insights into Purpose Multi'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 Multi 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 Purpose Multi-Strategy Market Neutral Fund seeks to provide unitholders with positive absolute returns that are not correlated to the broader securities markets. PURPOSE MULTI is traded on Toronto Stock Exchange in Canada.| Purpose Multi generated a negative expected return over the last 90 days | |
| The fund has annual holdings turnover of about 288.97% suggesting active trading | |
| Purpose Multi Strategy maintains most of the assets in different exotic instruments. |
Other Information on Investing in Purpose Etf
Purpose Multi 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 Multi security.