Purpose Core Holdings Turnover vs. Beta
| PDF Etf | CAD 33.72 0.13 0.38% |
For Purpose Core profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Purpose Core to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Purpose Core Dividend utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Purpose Core's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Purpose Core Dividend over time as well as its relative position and ranking within its peers.
Purpose |
Purpose Core Dividend Beta vs. Holdings Turnover Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Purpose Core's current stock value. Our valuation model uses many indicators to compare Purpose Core value to that of its competitors to determine the firm's financial worth. Purpose Core Dividend is rated number one ETF in holdings turnover as compared to similar ETFs. It also is rated number one ETF in beta as compared to similar ETFs totaling about 0.01 of Beta per Holdings Turnover. The ratio of Holdings Turnover to Beta for Purpose Core Dividend is roughly 102.48 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose Core by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose Core's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Purpose Beta vs. Holdings Turnover
Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Purpose Core |
| = | 64.56 % |
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Purpose Core |
| = | 0.63 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Purpose Beta Comparison
Purpose Core is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
As returns on the market increase, Purpose Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Core is expected to be smaller as well.
Purpose Core Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Purpose Core, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Purpose Core will eventually generate negative long term returns. The profitability progress is the general direction of Purpose Core's change in net profit over the period of time. It can combine multiple indicators of Purpose Core, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund seeks to provide shareholders with long-term capital appreciation through investment in a portfolio of high quality North American dividend-paying equity securities and monthly cash distributions. PURPOSE CORE is traded on Toronto Stock Exchange in Canada.
Purpose Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Purpose Core. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Purpose Core position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Purpose Core's important profitability drivers and their relationship over time.
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Other Information on Investing in Purpose Etf
To fully project Purpose Core's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Purpose Core Dividend at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Purpose Core's income statement, its balance sheet, and the statement of cash flows.