Evolve Banks Financial Statements From 2010 to 2025
| CALL Etf | CAD 12.34 0.01 0.08% |
Check Evolve Banks financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Evolve Banks' main balance sheet or income statement drivers, such as , as well as many indicators such as . Evolve financial statements analysis is a perfect complement when working with Evolve Banks Valuation or Volatility modules.
Evolve |
Evolve Banks Enhanced ETF Beta Analysis
Evolve Banks' 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.
Current Evolve Banks Beta | 1.81 |
Most of Evolve Banks' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Evolve Banks Enhanced is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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In accordance with the recently published financial statements, Evolve Banks Enhanced has a Beta of 1.81. This is much higher than that of the Oil, Gas & Consumable Fuels family and significantly higher than that of the Financial Services Equity category. The beta for all Canada etfs is notably lower than that of the firm.
About Evolve Banks Financial Statements
Evolve Banks investors utilize fundamental indicators, such as revenue or net income, to predict how Evolve Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
CALL seeks to replicate, to the extent reasonably possible before fees and expenses, the performance of the Solactive Equal Weight US Bank Index Canadian Dollar Hedged, or any successor thereto, while mitigating downside risk. EVOLVE US is traded on Toronto Stock Exchange in Canada.
Pair Trading with Evolve Banks
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 Evolve Banks 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 Evolve Banks will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolve Etf
| 0.64 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.91 | XFN | iShares SPTSX Capped | PairCorr |
| 0.99 | ZBK | BMO Equal Weight | PairCorr |
| 0.87 | HCA | Hamilton Canadian Bank | PairCorr |
| 1.0 | ZUB | BMO Equal Weight | PairCorr |
The ability to find closely correlated positions to Evolve Banks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolve Banks 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 Evolve Banks - 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 Evolve Banks Enhanced to buy it.
The correlation of Evolve Banks 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 Evolve Banks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Banks Enhanced 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 Evolve Banks 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 Evolve Etf
Evolve Banks financial ratios help investors to determine whether Evolve 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 Evolve with respect to the benefits of owning Evolve Banks security.