Evolve Cyber Security Etf Performance
| CYBR Etf | CAD 52.27 0.25 0.48% |
The etf shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. 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 8 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Evolve Cyber may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | Notable ETF Inflow Detected - EFG, CHKP, CYBR, MNDY - Nasdaq | 11/13/2024 |
| In Threey Sharp Ratio | 0.04 |
Evolve |
Evolve Cyber Relative Risk vs. Return Landscape
If you would invest 4,838 in Evolve Cyber Security on September 3, 2024 and sell it today you would earn a total of 389.00 from holding Evolve Cyber Security or generate 8.04% return on investment over 90 days. Evolve Cyber Security is generating 0.1284% of daily returns and assumes 1.2312% volatility on return distribution over the 90 days horizon. Simply put, 10% 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 = 0.1043
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Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Evolve Cyber is performing at about 8% 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.
| Total Asset | 74.37 M | |||
About Evolve Cyber Performance
By examining Evolve Cyber's fundamental ratios, stakeholders can obtain critical insights into Evolve Cyber'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 Cyber 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.
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.| Latest headline from news.google.com: Notable ETF Inflow Detected - EFG, CHKP, CYBR, MNDY - Nasdaq |
Other Information on Investing in Evolve Etf
Evolve Cyber 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 Cyber security.