Evolve Canadian Aggregate Fund Manager Performance Evaluation
| AGG Fund | 19.62 0.03 0.15% |
The fund shows a Beta (market volatility) of -0.0095, 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.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Evolve Canadian Aggregate are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of very healthy technical and fundamental indicators, Evolve Canadian is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.
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Evolve Canadian Relative Risk vs. Return Landscape
If you would invest 1,877 in Evolve Canadian Aggregate on October 27, 2024 and sell it today you would earn a total of 85.00 from holding Evolve Canadian Aggregate or generate 4.53% return on investment over 90 days. Evolve Canadian Aggregate is generating 0.0725% of daily returns assuming 0.4641% volatility of returns over the 90 days investment horizon. Simply put, 4% of all funds have less volatile historical return distribution than Evolve Canadian, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Evolve Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Canadian's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Evolve Canadian Aggregate, and traders can use it to determine the average amount a Evolve Canadian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1562
| Best Portfolio | Best Equity | |||
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| Cash | AGG | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.46 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Evolve Canadian is performing at about 12% 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 Canadian by adding it to a well-diversified portfolio.
About Evolve Canadian Performance
By examining Evolve Canadian's fundamental ratios, stakeholders can obtain critical insights into Evolve Canadian's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Evolve Canadian is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Things to note about Evolve Canadian Aggregate performance evaluation
Checking the ongoing alerts about Evolve Canadian for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Evolve Canadian Aggregate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Evolve Canadian's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Evolve Canadian's fund performance include:- Analyzing Evolve Canadian's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Evolve Canadian's stock is overvalued or undervalued compared to its peers.
- Examining Evolve Canadian's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Evolve Canadian's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Evolve Canadian's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Evolve Canadian's fund. These opinions can provide insight into Evolve Canadian's potential for growth and whether the stock is currently undervalued or overvalued.
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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