Evolve Global Materials Etf Performance
| BASE Etf | CAD 24.07 0.23 0.95% |
The etf shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, Evolve Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Global is expected to be smaller as well.
Risk-Adjusted Performance
5 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Evolve Global Materials are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Evolve Global is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.19 |
Evolve |
Evolve Global Relative Risk vs. Return Landscape
If you would invest 2,304 in Evolve Global Materials on September 4, 2024 and sell it today you would earn a total of 103.00 from holding Evolve Global Materials or generate 4.47% return on investment over 90 days. Evolve Global Materials is generating 0.0756% of daily returns and assumes 1.121% volatility on return distribution over the 90 days horizon. Simply put, 9% of etfs are less volatile than Evolve, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Evolve Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Evolve Global Materials, and traders can use it to determine the average amount a Evolve Global'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 = 0.0675
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Estimated Market Risk
| 1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Evolve Global is performing at about 5% 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 Global by adding it to a well-diversified portfolio.
Evolve Global Fundamentals Growth
Evolve Etf prices reflect investors' perceptions of the future prospects and financial health of Evolve Global, and Evolve Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Evolve Etf performance.
| Total Asset | 61.68 M | |||
About Evolve Global Performance
By examining Evolve Global's fundamental ratios, stakeholders can obtain critical insights into Evolve Global'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 Global 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.
EVOLVE GLOB is traded on Toronto Stock Exchange in Canada.| The fund holds 99.9% of its assets under management (AUM) in equities |
Other Information on Investing in Evolve Etf
Evolve Global 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 Global security.