Evolve Cryptocurrencies Etf Buy Hold or Sell Recommendation
| ETC Etf | 20.27 0.42 2.12% |
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Evolve Cryptocurrencies ETF is 'Strong Buy'. The recommendation algorithm takes into account all of Evolve Cryptocurrencies' available fundamental, technical, and predictive indicators you will find on this site.
Check out Evolve Cryptocurrencies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Evolve and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Evolve Cryptocurrencies ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Evolve |
Execute Evolve Cryptocurrencies Buy or Sell Advice
The Evolve recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Evolve Cryptocurrencies ETF. Macroaxis does not own or have any residual interests in Evolve Cryptocurrencies ETF or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Evolve Cryptocurrencies' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Analyst Consensus | Not Available | Details |
Evolve Cryptocurrencies Trading Alerts and Improvement Suggestions
| Evolve Cryptocurrencies appears to be risky and price may revert if volatility continues | |
| Evolve Cryptocurrencies ETF has accumulated 4.84 B in total debt with debt to equity ratio (D/E) of 7.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Evolve Cryptocurrencies has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Evolve Cryptocurrencies until it has trouble settling it off, either with new capital or with free cash flow. So, Evolve Cryptocurrencies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Evolve Cryptocurrencies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Evolve to invest in growth at high rates of return. When we think about Evolve Cryptocurrencies' use of debt, we should always consider it together with cash and equity. | |
| Evolve Cryptocurrencies ETF has accumulated about 259.82 M in cash with (1.28 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 16.81. |
Evolve Cryptocurrencies Returns Distribution Density
The distribution of Evolve Cryptocurrencies' historical returns is an attempt to chart the uncertainty of Evolve Cryptocurrencies' future price movements. The chart of the probability distribution of Evolve Cryptocurrencies daily returns describes the distribution of returns around its average expected value. We use Evolve Cryptocurrencies ETF price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Evolve Cryptocurrencies returns is essential to provide solid investment advice for Evolve Cryptocurrencies.
| Mean Return | 0.85 | Value At Risk | -3.61 | Potential Upside | 6.07 | Standard Deviation | 3.42 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Evolve Cryptocurrencies historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Evolve Cryptocurrencies Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Evolve Cryptocurrencies or Alternative Other sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Evolve Cryptocurrencies' price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Evolve etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.72 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 3.47 | |
Ir | Information ratio | 0.21 |
Evolve Cryptocurrencies Volatility Alert
Evolve Cryptocurrencies ETF currently demonstrates below-average downside deviation. It has Information Ratio of 0.21 and Jensen Alpha of 0.72. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Evolve Cryptocurrencies' etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Evolve Cryptocurrencies' etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Evolve Cryptocurrencies Fundamentals Vs Peers
Comparing Evolve Cryptocurrencies' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Evolve Cryptocurrencies' direct or indirect competition across all of the common fundamentals between Evolve Cryptocurrencies and the related equities. This way, we can detect undervalued stocks with similar characteristics as Evolve Cryptocurrencies or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Evolve Cryptocurrencies' fundamental indicators could also be used in its relative valuation, which is a method of valuing Evolve Cryptocurrencies by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Evolve Cryptocurrencies to competition |
| Fundamentals | Evolve Cryptocurrencies | Peer Average |
| Price To Earning | 6.45 X | 3.15 X |
| Price To Book | 1.04 X | 0.39 X |
| Price To Sales | 3.02 X | 0.33 X |
| One Year Return | 141.80 % | (0.97) % |
| Three Year Return | 12.70 % | 3.23 % |
Evolve Cryptocurrencies Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Evolve . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Evolve Cryptocurrencies Buy or Sell Advice
When is the right time to buy or sell Evolve Cryptocurrencies ETF? Buying financial instruments such as Evolve Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Evolve Cryptocurrencies 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?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 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 Apparel Theme or any other thematic opportunities.
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Other Information on Investing in Evolve Etf
Evolve Cryptocurrencies 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 Cryptocurrencies security.