PMM:CA:TSX-Purpose Multi-Strategy Market Neutral Fund (CAD)

ETF | Alternative Market Neutral | Toronto Stock Exchange

Last Closing

CAD 24.33

Change

+0.07 (+0.29)%

Market Cap

CAD 0.02B

Volume

3.20K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The Purpose Multi-Strategy Market Neutral Fund seeks to provide unitholders with positive absolute returns that are not correlated to the broader securities markets. The Fund will utilize a multi-strategy approach by allocating its assets across various asset classes including equities, currencies and commodities.

Inception Date: 14/10/2014

Primary Benchmark: ---

Primary Index: CIBC WM 91 Day Treasury Bill CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 1.05 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-11-12 )

Largest Industry Peers for Alternative Market Neutral

Symbol Name Mer Price(Change) Market Cap
DANC:CA Desjardins Alt Long/Short Equi.. 0.00 %

-0.01 (-0.04%)

CAD 0.35B

ETFs Containing PMM:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Alternative Market Neutral) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 17.88% 100% F 66% D+
Dividend Return N/A N/A N/A N/A N/A
Total Return 17.88% 100% F 58% F
Trailing 12 Months  
Capital Gain 17.37% 100% F 53% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 17.37% 100% F 43% F
Trailing 5 Years  
Capital Gain 8.81% 50% F 45% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 8.81% 50% F 24% F
Average Annual (5 Year Horizon)  
Capital Gain 3.32% 100% F 47% F
Dividend Return 3.32% 100% F 42% F
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 8.00% 50% F 79% B-
Risk Adjusted Return 41.46% 50% F 58% F
Market Capitalization 0.02B 50% F 20% F

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.