Purpose International Price To Earning vs. Five Year Return
| PID Etf | CAD 23.85 0.02 0.08% |
For Purpose International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Purpose International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Purpose International Dividend utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Purpose International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Purpose International Dividend over time as well as its relative position and ranking within its peers.
Purpose |
Purpose International Five Year Return vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Purpose International's current stock value. Our valuation model uses many indicators to compare Purpose International value to that of its competitors to determine the firm's financial worth. Purpose International Dividend is rated below average in price to earning as compared to similar ETFs. It is rated below average in five year return as compared to similar ETFs reporting about 0.53 of Five Year Return per Price To Earning. The ratio of Price To Earning to Five Year Return for Purpose International Dividend is roughly 1.87 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purpose International by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purpose International'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 Five Year Return vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Purpose International |
| = | 12.55 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Purpose International |
| = | 6.70 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Purpose Five Year Return Comparison
Purpose International is currently under evaluation in five year return as compared to similar ETFs.
Purpose International Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Purpose International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Purpose International will eventually generate negative long term returns. The profitability progress is the general direction of Purpose International's change in net profit over the period of time. It can combine multiple indicators of Purpose International, 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 unitholders with long-term capital appreciation through investment in a portfolio of high quality international dividend-paying equity securities and monthly cash distributions. PURPOSE INTL 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 International. 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 International 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 International's important profitability drivers and their relationship over time.
Use Purpose International in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Purpose International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Purpose International will appreciate offsetting losses from the drop in the long position's value.Purpose International Pair Trading
Purpose International Dividend Pair Trading Analysis
The ability to find closely correlated positions to Purpose International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purpose International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Purpose International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Purpose International Dividend to buy it.
The correlation of Purpose International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Purpose International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Purpose International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Purpose International position
In addition to having Purpose International in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run ISP Thematic Idea Now
ISP
Internet Service Providers (ISP) companies and IT providers specializing in internet technologies. The ISP theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize ISP Theme or any other thematic opportunities.
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Other Information on Investing in Purpose Etf
To fully project Purpose International's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Purpose International 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 International's income statement, its balance sheet, and the statement of cash flows.