Purpose Real Estate Etf Market Value
| PHR Etf | CAD 19.64 0.15 0.77% |
| Symbol | Purpose |
Purpose Real 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Purpose Real's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Purpose Real.
| 05/09/2025 |
| 08/07/2025 |
If you would invest 0.00 in Purpose Real on May 9, 2025 and sell it all today you would earn a total of 0.00 from holding Purpose Real Estate or generate 0.0% return on investment in Purpose Real over 90 days. Purpose Real is related to or competes with Purpose Core, BMO Mid, BMO High, IShares Core, and BMO Short. The Purpose Duration Hedged Real Estate Fund seeks to provide shareholders with long-term capital appreciation by invest... More
Purpose Real Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Purpose Real's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Purpose Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6552 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.7696 |
Purpose Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purpose Real's standard deviation. In reality, there are many statistical measures that can use Purpose Real historical prices to predict the future Purpose Real's volatility.| Risk Adjusted Performance | 0.0914 | |||
| Jensen Alpha | 0.0475 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2789 |
Purpose Real Estate Backtested Returns
As of now, Purpose Etf is very steady. Purpose Real Estate maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Purpose Real Estate, which you can use to evaluate the volatility of the etf. Please check Purpose Real's Coefficient Of Variation of 848.75, risk adjusted performance of 0.0914, and Semi Deviation of 0.4814 to confirm if the risk estimate we provide is consistent with the expected return of 0.0806%. The etf holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purpose Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purpose Real is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Purpose Real Estate has good predictability. Overlapping area represents the amount of predictability between Purpose Real time series from 9th of May 2025 to 23rd of June 2025 and 23rd of June 2025 to 7th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Purpose Real Estate price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Purpose Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Purpose Real Estate lagged returns against current returns
Autocorrelation, which is Purpose Real etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Purpose Real's etf expected returns. We can calculate the autocorrelation of Purpose Real returns to help us make a trade decision. For example, suppose you find that Purpose Real has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Purpose Real regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Purpose Real etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purpose Real etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Purpose Real etf over time.
Current vs Lagged Prices |
| Timeline |
Purpose Real Lagged Returns
When evaluating Purpose Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Purpose Real etf have on its future price. Purpose Real autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Purpose Real autocorrelation shows the relationship between Purpose Real etf current value and its past values and can show if there is a momentum factor associated with investing in Purpose Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Purpose Real
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 Real 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 Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Purpose Etf
| 0.95 | XRE | iShares SPTSX Capped | PairCorr |
| 0.9 | ZRE | BMO Equal Weight | PairCorr |
| 0.96 | RIT | CI Canadian REIT | PairCorr |
| 0.65 | VRE | Vanguard FTSE Canadian | PairCorr |
Moving against Purpose Etf
| 0.59 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.58 | HIU | BetaPro SP 500 | PairCorr |
| 0.55 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.4 | HED | BetaPro SPTSX Capped | PairCorr |
The ability to find closely correlated positions to Purpose Real 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 Real 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 Real - 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 Real Estate to buy it.
The correlation of Purpose Real 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 Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purpose Real Estate 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 Real 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.Other Information on Investing in Purpose Etf
Purpose Real 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 Real security.