Evolve Automobile Innovation Etf Price on August 16, 2023
| CARS Etf | CAD 20.96 0.71 3.28% |
Below is the normalized historical share price chart for Evolve Automobile Innovation extending back to September 29, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Evolve Automobile stands at 20.96, as last reported on the 11th of December 2024, with the highest price reaching 21.73 and the lowest price hitting 20.96 during the day.
If you're considering investing in Evolve Etf, it is important to understand the factors that can impact its price. As of now, Evolve Etf is very steady. Evolve Automobile secures Sharpe Ratio (or Efficiency) of 0.0937, which denotes the etf had a 0.0937% return per unit of risk over the last 3 months. We have found thirty technical indicators for Evolve Automobile Innovation, which you can use to evaluate the volatility of the entity. Please confirm Evolve Automobile's Mean Deviation of 1.38, downside deviation of 1.97, and Coefficient Of Variation of 842.75 to check if the risk estimate we provide is consistent with the expected return of 0.17%.
Evolve Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 35.54 | 200 Day MA 19.9521 | 1 y Volatility 25.04 | 50 Day MA 20.3998 | Inception Date 2017-09-27 |
Evolve |
Sharpe Ratio = 0.0937
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Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Evolve Automobile is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Evolve Automobile by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 12.1 K |
Evolve Automobile Valuation on August 16, 2023
It is possible to determine the worth of Evolve Automobile on a given historical date. On August 16, 2023 Evolve was worth 26.61 at the beginning of the trading date compared to the closed value of 26.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Evolve Automobile etf. Still, in general, we apply an absolute valuation method to find Evolve Automobile's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Evolve Automobile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Evolve Automobile's related companies.
| Open | High | Low | Close | Volume | |
| 27.76 | 27.76 | 27.76 | 27.76 | 1.00 | |
08/16/2023 | 26.61 | 26.72 | 26.61 | 26.62 | 1,300 |
| 26.48 | 26.48 | 26.48 | 26.48 | 500.00 |
| Backtest Evolve Automobile | | | Evolve Automobile History | | | Evolve Automobile Valuation | Previous | Next |
Evolve Automobile Trading Date Momentum on August 16, 2023
| On August 17 2023 Evolve Automobile Innovation was traded for 26.48 at the closing time. The highest price during the trading period was 26.48 and the lowest recorded bid was listed for 26.48 . The volume for the day was 500. This history from August 17, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.53% . The overall trading delta to the current price is 1.13% . |
Evolve Automobile Fundamentals Correlations and Trends
By evaluating Evolve Automobile's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Evolve Automobile's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Evolve financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Evolve Automobile Etf history
Evolve Automobile investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Evolve is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Evolve Automobile will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Evolve Automobile stock prices may prove useful in developing a viable investing in Evolve Automobile
CARS seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Future Cars Index Canadian Dollar Hedged, or any successor thereto. EVOLVE AUTOMOBILE is traded on Toronto Stock Exchange in Canada.
Evolve Automobile Etf Technical Analysis
Evolve Automobile technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Evolve Automobile Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Evolve Automobile Innovation cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Evolve Automobile December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Evolve Automobile etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evolve Automobile shares will generate the highest return on investment. By undertsting and applying Evolve Automobile etf market strength indicators, traders can identify Evolve Automobile Innovation entry and exit signals to maximize returns
Evolve Automobile Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Evolve Automobile's price direction in advance. Along with the technical and fundamental analysis of Evolve Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Evolve to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0916 | |||
| Jensen Alpha | 0.2171 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0418 | |||
| Treynor Ratio | (1.11) |
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Other Information on Investing in Evolve Etf
Evolve Automobile 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 Automobile security.