Purpose Diversified Real Etf Performance
| PRA Etf | CAD 29.78 0.14 0.47% |
The etf holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Diversified is expected to be smaller as well.
Risk-Adjusted Performance
20 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Diversified Real are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Purpose Diversified may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | SP 500 Materials Sector Quote - Press Release - The Globe and Mail | 09/12/2024 |
2 | Morgan Stanley Upgrades Cadence Bank - Preferred Stock - MSN | 10/01/2024 |
3 | PRA Group announces pricing of upsized offering of additional 150M of senior notes due 2030 - MSN | 11/21/2024 |
| In Threey Sharp Ratio | 0.55 |
Purpose |
Purpose Diversified Relative Risk vs. Return Landscape
If you would invest 2,747 in Purpose Diversified Real on September 1, 2024 and sell it today you would earn a total of 231.00 from holding Purpose Diversified Real or generate 8.41% return on investment over 90 days. Purpose Diversified Real is generating 0.1274% of daily returns assuming 0.4871% volatility of returns over the 90 days investment horizon. Simply put, 4% of all etfs have less volatile historical return distribution than Purpose Diversified, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Purpose Diversified Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Diversified's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Diversified Real, and traders can use it to determine the average amount a Purpose Diversified'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 = 0.2615
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Estimated Market Risk
| 0.49 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Purpose Diversified is performing at about 20% 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 Diversified by adding it to a well-diversified portfolio.
Purpose Diversified Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Diversified, and Purpose Diversified 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 | 22.26 X | |||
| Price To Book | 1.26 X | |||
| Price To Sales | 1.77 X | |||
| Total Asset | 8.19 M | |||
About Purpose Diversified Performance
By examining Purpose Diversified's fundamental ratios, stakeholders can obtain critical insights into Purpose Diversified'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 Diversified 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 Diversified Real Asset Fund seeks to provide shareholders with exposure to a diversified portfolio of asset classes that are directly or indirectly linked to physical assets with positive correlation to inflation and are expected to maintain their real value over time. PURPOSE DIVERSIFIED is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: PRA Group announces pricing of upsized offering of additional 150M of senior notes due 2030 - MSN |
Other Information on Investing in Purpose Etf
Purpose Diversified 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 Diversified security.