Evolve E Gaming Index Etf Shares Owned By Institutions
| HERO Etf | CAD 35.56 0.32 0.91% |
Evolve E Gaming Index fundamentals help investors to digest information that contributes to Evolve E's financial success or failures. It also enables traders to predict the movement of Evolve Etf. The fundamental analysis module provides a way to measure Evolve E's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Evolve E etf.
Evolve |
Evolve E Gaming Index ETF Shares Owned By Institutions Analysis
Evolve E's Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
More About Shares Owned By Institutions | All Equity Analysis
Shares Held by Institutions | = | Funds and Banks | + | Firms |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
| Competition |
Based on the latest financial disclosure, 0.0% of Evolve E Gaming Index are shares owned by institutions. This indicator is about the same for the Evolve Funds Group Inc. average (which is currently at 0.0) family and about the same as Sector Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Evolve Shares Owned By Institutions Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Evolve E's direct or indirect competition against its Shares Owned By Institutions to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Evolve E could also be used in its relative valuation, which is a method of valuing Evolve E by comparing valuation metrics of similar companies.Evolve E is currently under evaluation in shares owned by institutions as compared to similar ETFs.
Fund Asset Allocation for Evolve E
The fund invests 49.22% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Evolve E's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Evolve Fundamentals
| Beta | 0.99 | |||
| Total Asset | 1.03 M | |||
| One Year Return | 20.50 % | |||
| Three Year Return | 0.60 % | |||
| Five Year Return | 10.70 % | |||
| Net Asset | 1.03 M | |||
| Equity Positions Weight | 49.22 % |
About Evolve E Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Evolve E Gaming Index's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolve E using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolve E Gaming Index based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Evolve E
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 E 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 E will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolve Etf
Moving against Evolve Etf
| 0.89 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.85 | HIU | BetaPro SP 500 | PairCorr |
| 0.84 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.8 | XHC | iShares Global Healthcare | PairCorr |
| 0.78 | HHL | Harvest Healthcare | PairCorr |
The ability to find closely correlated positions to Evolve E 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 E 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 E - 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 E Gaming Index to buy it.
The correlation of Evolve E 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 E moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve E Gaming 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 E 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 E 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 E security.