Purpose Conservative Income Etf Performance
| PRP Etf | CAD 20.09 0.07 0.35% |
The etf holds a Beta of 0.0186, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Conservative is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Purpose Conservative Income are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Purpose Conservative is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Citigroup Upgrades Bank of America Corporation - Preferred Stock - MSN | 11/08/2024 |
| In Threey Sharp Ratio | -0.18 |
Purpose |
Purpose Conservative Relative Risk vs. Return Landscape
If you would invest 1,954 in Purpose Conservative Income on August 31, 2024 and sell it today you would earn a total of 55.00 from holding Purpose Conservative Income or generate 2.81% return on investment over 90 days. Purpose Conservative Income is generating 0.0451% of daily returns assuming 0.2578% volatility of returns over the 90 days investment horizon. Simply put, 2% of all etfs have less volatile historical return distribution than Purpose Conservative, 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 Conservative Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Conservative's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Conservative Income, and traders can use it to determine the average amount a Purpose Conservative'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 = 0.175
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| Negative Returns | PRP |
Estimated Market Risk
| 0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Purpose Conservative is performing at about 13% 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 Conservative by adding it to a well-diversified portfolio.
Purpose Conservative Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Conservative, and Purpose Conservative 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.
| Return On Asset | -13.52 | |||
| Profit Margin | (47.19) % | |||
| Operating Margin | (20.82) % | |||
| Current Valuation | 6.48 M | |||
| Shares Outstanding | 21.12 M | |||
| Price To Book | 0.28 X | |||
| Price To Sales | 0.02 X | |||
| Revenue | 37 M | |||
| EBITDA | (6.42 M) | |||
| Cash And Equivalents | 1.95 M | |||
| Cash Per Share | 0.09 X | |||
| Total Debt | 7.58 M | |||
| Debt To Equity | 0.82 % | |||
| Cash Flow From Operations | (3.33 M) | |||
| Earnings Per Share | (0.83) X | |||
| Total Asset | 11.89 M | |||
About Purpose Conservative Performance
By examining Purpose Conservative's fundamental ratios, stakeholders can obtain critical insights into Purpose Conservative'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 Conservative 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 a moderate positive total return consisting of dividend income and capital appreciation, while trying to reduce portfolio volatility and monthly distributions, by investing in a broad range of asset classes which may include equities, fixed income, inflation sensitive securities and cash. PURPOSE CONSERVATIVE is traded on Toronto Stock Exchange in Canada.| Purpose Conservative Income has accumulated 7.58 M in total debt with debt to equity ratio (D/E) of 0.82, which is about average as compared to similar companies. Purpose Conservative has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Purpose Conservative until it has trouble settling it off, either with new capital or with free cash flow. So, Purpose Conservative's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Purpose Conservative sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Purpose to invest in growth at high rates of return. When we think about Purpose Conservative's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 37 M. Net Loss for the year was (17.46 M). | |
| Purpose Conservative Income has accumulated about 1.95 M in cash with (3.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
| Latest headline from news.google.com: Citigroup Upgrades Bank of America Corporation - Preferred Stock - MSN | |
| The fund maintains roughly 27.74% of its assets in bonds |
Other Information on Investing in Purpose Etf
Purpose Conservative 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 Conservative security.