Evolve Future Leadership Etf Market Value
| LEAD-B Etf | CAD 24.52 0.18 0.73% |
| Symbol | Evolve |
Evolve Future '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 Future's etf 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 Future.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Evolve Future on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Evolve Future Leadership or generate 0.0% return on investment in Evolve Future over 30 days. Evolve Future is related to or competes with Evolve Innovation, Evolve Enhanced, and Evolve Canadian. EVOLVE FUTURE is traded on Toronto Stock Exchange in Canada. More
Evolve Future 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 Future's etf 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 Future Leadership upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0086 | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.94 |
Evolve Future Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Future's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolve Future's standard deviation. In reality, there are many statistical measures that can use Evolve Future historical prices to predict the future Evolve Future's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0268 | |||
| Treynor Ratio | (0.06) |
Evolve Future Leadership Backtested Returns
Evolve Future Leadership secures Sharpe Ratio (or Efficiency) of -0.021, which denotes the etf had a -0.021 % return per unit of risk over the last 3 months. Evolve Future Leadership exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evolve Future's Mean Deviation of 0.8558, variance of 1.56, and Standard Deviation of 1.25 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolve Future's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Future is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Evolve Future Leadership has good predictability. Overlapping area represents the amount of predictability between Evolve Future time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 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 Future Leadership price movement. The serial correlation of 0.66 indicates that around 66.0% of current Evolve Future price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Evolve Future Leadership lagged returns against current returns
Autocorrelation, which is Evolve Future etf'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 Future's etf expected returns. We can calculate the autocorrelation of Evolve Future returns to help us make a trade decision. For example, suppose you find that Evolve Future has exhibited high autocorrelation historically, and you observe that the etf 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 Future 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 Future etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolve Future etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolve Future etf over time.
Current vs Lagged Prices |
| Timeline |
Evolve Future Lagged Returns
When evaluating Evolve Future's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolve Future etf have on its future price. Evolve Future 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 Future autocorrelation shows the relationship between Evolve Future etf current value and its past values and can show if there is a momentum factor associated with investing in Evolve Future Leadership.
Regressed Prices |
| Timeline |
Pair Trading with Evolve Future
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 Future 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 Future will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolve Etf
Moving against Evolve Etf
The ability to find closely correlated positions to Evolve Future 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 Future 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 Future - 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 Future Leadership to buy it.
The correlation of Evolve Future 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 Future moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Future Leadership 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 Future 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 Future 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 Future security.