Evolve Cloud Computing Etf Price on January 23, 2024
| DATA Etf | CAD 29.32 1.16 4.12% |
If you're considering investing in Evolve Etf, it is important to understand the factors that can impact its price. As of today, the current price of Evolve Cloud stands at 29.32, as last reported on the 4th of December, with the highest price reaching 29.32 and the lowest price hitting 29.22 during the day. Evolve Cloud appears to be very steady, given 3 months investment horizon. Evolve Cloud Computing secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the etf had a 0.31% return per unit of risk over the last 3 months. We have found thirty technical indicators for Evolve Cloud Computing, which you can use to evaluate the volatility of the entity. Please utilize Evolve Cloud's Downside Deviation of 1.31, mean deviation of 0.7754, and Coefficient Of Variation of 383.19 to check if our risk estimates are consistent with your expectations.
Evolve Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Evolve |
Sharpe Ratio = 0.3091
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Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Evolve Cloud is performing at about 24% 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 Cloud by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 264.3 K |
Evolve Cloud Valuation on January 23, 2024
It is possible to determine the worth of Evolve Cloud on a given historical date. On January 23, 2024 Evolve was worth 22.11 at the beginning of the trading date compared to the closed value of 22.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Evolve Cloud etf. Still, in general, we apply an absolute valuation method to find Evolve Cloud'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 Cloud where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Evolve Cloud's related companies.
| Open | High | Low | Close | Volume | |
| 22.22 | 22.24 | 22.19 | 22.23 | 4,300 | |
01/23/2024 | 22.11 | 22.29 | 22.11 | 22.29 | 2,500 |
| 22.77 | 22.77 | 22.53 | 22.55 | 3,500 |
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Evolve Cloud Trading Date Momentum on January 23, 2024
| On January 24 2024 Evolve Cloud Computing was traded for 22.55 at the closing time. The highest price during the trading period was 22.77 and the lowest recorded bid was listed for 22.53 . The volume for the day was 3.5 K. This history from January 24, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 1.17% . The overall trading delta to the current price is 1.30% . |
Evolve Cloud Computing Fundamentals Correlations and Trends
By evaluating Evolve Cloud'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 Cloud'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 Cloud Etf history
Evolve Cloud 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 Cloud Computing 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 Cloud stock prices may prove useful in developing a viable investing in Evolve Cloud
Evolve Cloud Etf Technical Analysis
Evolve Cloud 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 Cloud Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
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Evolve Cloud December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Evolve Cloud 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 Cloud shares will generate the highest return on investment. By undertsting and applying Evolve Cloud etf market strength indicators, traders can identify Evolve Cloud Computing entry and exit signals to maximize returns
Evolve Cloud Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Evolve Cloud'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 | 0.2023 | |||
| Jensen Alpha | 0.2017 | |||
| Total Risk Alpha | 0.13 | |||
| Sortino Ratio | 0.1358 | |||
| Treynor Ratio | 0.3664 |
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Other Information on Investing in Evolve Etf
Evolve Cloud 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 Cloud security.