Ether ETF Financials
| ETHR Etf | CAD 16.77 0.32 1.95% |
3 y Sharp Ratio 0.22 |
Ether |
The data published in Ether ETF's official financial statements typically reflect Ether ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Ether ETF's quantitative information. For example, before you start analyzing numbers published by Ether accountants, it's essential to understand Ether ETF's liquidity, profitability, and earnings quality within the context of the Evolve Funds Group Inc space in which it operates.
Ether ETF Etf Summary
Ether ETF competes with 3iQ Bitcoin, Purpose Bitcoin, 3iQ CoinShares, BetaPro Inverse, and BetaPro SP. ETHER ETF is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA29764F2008 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Evolve Funds Group Inc |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | CAD - Canadian Dollar |
Ether Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ether ETF's current stock value. Our valuation model uses many indicators to compare Ether ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ether ETF competition to find correlations between indicators driving Ether ETF's intrinsic value. More Info.Ether ETF CAD is rated # 4 ETF in one year return as compared to similar ETFs. It also is rated # 4 ETF in three year return as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ether ETF by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ether ETF'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.Ether ETF CAD Systematic Risk
Ether ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ether ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Ether ETF CAD correlated with the market. If Beta is less than 0 Ether ETF generally moves in the opposite direction as compared to the market. If Ether ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ether ETF CAD is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ether ETF is generally in the same direction as the market. If Beta > 1 Ether ETF moves generally in the same direction as, but more than the movement of the benchmark.
Ether ETF December 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Ether ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ether ETF CAD. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ether ETF CAD based on widely used predictive technical indicators. In general, we focus on analyzing Ether Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ether ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.1469 | |||
| Maximum Drawdown | 23.58 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 8.72 |
Other Information on Investing in Ether Etf
Ether ETF financial ratios help investors to determine whether Ether 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 Ether with respect to the benefits of owning Ether ETF security.