Evolve Cyber Security Etf Performance
| CYBR-B Etf | CAD 66.29 0.08 0.12% |
The etf shows a Beta (market volatility) of 0.0068, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolve Cyber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Cyber is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Evolve Cyber Security are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak fundamental drivers, Evolve Cyber may actually be approaching a critical reversion point that can send shares even higher in March 2025. ...more
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Evolve Cyber Relative Risk vs. Return Landscape
If you would invest 6,214 in Evolve Cyber Security on November 29, 2024 and sell it today you would earn a total of 415.00 from holding Evolve Cyber Security or generate 6.68% return on investment over 90 days. Evolve Cyber Security is generating 0.1479% of daily returns and assumes 1.6373% volatility on return distribution over the 90 days horizon. Simply put, 14% of etfs are less volatile than Evolve, and 98% 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 Cyber Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Cyber's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Evolve Cyber Security, and traders can use it to determine the average amount a Evolve Cyber'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 = 0.0904
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Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Evolve Cyber is performing at about 7% 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 Cyber by adding it to a well-diversified portfolio.
Evolve Cyber Fundamentals Growth
Evolve Etf prices reflect investors' perceptions of the future prospects and financial health of Evolve Cyber, and Evolve Cyber 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.
About Evolve Cyber Performance
By analyzing Evolve Cyber's fundamental ratios, stakeholders can gain valuable insights into Evolve Cyber's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Evolve Cyber has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Evolve Cyber has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
CYBR seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Cyber Security Index Canadian Dollar Hedged, or any successor thereto. EVOLVE CYBER is traded on Toronto Stock Exchange in Canada.