Evolve Automobile Innovation Etf Performance
| CARS Etf | CAD 19.07 0.35 1.80% |
The etf shows a Beta (market volatility) of 0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, Evolve Automobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Automobile is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Evolve Automobile Innovation has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Etf's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the ETF investors. ...more
1 | Toronto Stock Exchange Celebrates 35 Years of ETF Innovation User bigspringherald.com - Financial Content | 03/06/2025 |
2 | ICICI Prudential Mutual Fund Launches ICICI Prudential Nifty EV New Age Automotive ETF And Fund Of Funds - BW Businessworld | 03/20/2025 |
Evolve |
Evolve Automobile Relative Risk vs. Return Landscape
If you would invest 2,112 in Evolve Automobile Innovation on December 27, 2024 and sell it today you would lose (170.00) from holding Evolve Automobile Innovation or give up 8.05% of portfolio value over 90 days. Evolve Automobile Innovation is generating negative expected returns and assumes 1.7729% volatility on return distribution over the 90 days horizon. Simply put, 15% 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 |
| Risk |
Evolve Automobile Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Automobile's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Evolve Automobile Innovation, and traders can use it to determine the average amount a Evolve Automobile'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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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CARS |
Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Evolve Automobile is not performing at its full potential. However, 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 Automobile by adding Evolve Automobile to a well-diversified portfolio.
Evolve Automobile Fundamentals Growth
Evolve Etf prices reflect investors' perceptions of the future prospects and financial health of Evolve Automobile, and Evolve Automobile 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 | 8.76 M | |||
About Evolve Automobile Performance
By examining Evolve Automobile's fundamental ratios, stakeholders can obtain critical insights into Evolve Automobile'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 Automobile 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.
CARS seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Future Cars Index Canadian Dollar Hedged, or any successor thereto. EVOLVE AUTOMOBILE is traded on Toronto Stock Exchange in Canada.| Evolve Automobile generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: ICICI Prudential Mutual Fund Launches ICICI Prudential Nifty EV New Age Automotive ETF And Fund Of Funds - BW Businessworld | |
| The fund generated three year return of -22.0% |
Other Information on Investing in Evolve Etf
Evolve Automobile 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 Automobile security.