Evolve Canadian Aggregate Fund Market Value
| AGG Fund | 19.62 0.03 0.15% |
| Symbol | Evolve |
Please note, there is a significant difference between Evolve Canadian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolve Canadian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolve Canadian's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Evolve Canadian 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Evolve Canadian's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Evolve Canadian.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Evolve Canadian on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Evolve Canadian Aggregate or generate 0.0% return on investment in Evolve Canadian over 30 days. Evolve Canadian is related to or competes with CDSPI Global. Evolve Canadian is entity of Canada. It is traded as Fund on TO exchange. More
Evolve Canadian Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Evolve Canadian's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Evolve Canadian Aggregate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3633 | |||
| Information Ratio | 0.0265 | |||
| Maximum Drawdown | 2.48 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 1.18 |
Evolve Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolve Canadian's standard deviation. In reality, there are many statistical measures that can use Evolve Canadian historical prices to predict the future Evolve Canadian's volatility.| Risk Adjusted Performance | 0.1167 | |||
| Jensen Alpha | 0.0579 | |||
| Total Risk Alpha | 0.033 | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | (4.22) |
Evolve Canadian Aggregate Backtested Returns
As of now, Evolve Fund is very steady. Evolve Canadian Aggregate secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Evolve Canadian Aggregate, which you can use to evaluate the volatility of the entity. Please confirm Evolve Canadian's Mean Deviation of 0.3181, downside deviation of 0.3633, and Coefficient Of Variation of 674.41 to check if the risk estimate we provide is consistent with the expected return of 0.0725%. The fund shows a Beta (market volatility) of -0.0136, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Evolve Canadian are expected to decrease at a much lower rate. During the bear market, Evolve Canadian is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
Evolve Canadian Aggregate has good reverse predictability. Overlapping area represents the amount of predictability between Evolve Canadian time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Evolve Canadian Aggregate price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Evolve Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Evolve Canadian Aggregate lagged returns against current returns
Autocorrelation, which is Evolve Canadian fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Evolve Canadian's fund expected returns. We can calculate the autocorrelation of Evolve Canadian returns to help us make a trade decision. For example, suppose you find that Evolve Canadian has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Evolve Canadian regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Evolve Canadian fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolve Canadian fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolve Canadian fund over time.
Current vs Lagged Prices |
| Timeline |
Evolve Canadian Lagged Returns
When evaluating Evolve Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolve Canadian fund have on its future price. Evolve Canadian autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Evolve Canadian autocorrelation shows the relationship between Evolve Canadian fund current value and its past values and can show if there is a momentum factor associated with investing in Evolve Canadian Aggregate.
Regressed Prices |
| Timeline |
Pair Trading with Evolve Canadian
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Moving against Evolve Fund
| 0.55 | 0P0000732C | Ninepoint Energy | PairCorr |
| 0.51 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.38 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Evolve Canadian 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 Canadian 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 Canadian - 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 Canadian Aggregate to buy it.
The correlation of Evolve Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Canadian Aggregate 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 Canadian 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 Fund
Evolve Canadian financial ratios help investors to determine whether Evolve Fund 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 Canadian security.
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