Evolve Cloud Computing Etf Performance
| DATA Etf | CAD 26.59 0.62 2.28% |
The etf shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, Evolve Cloud's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Cloud is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Evolve Cloud Computing has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Evolve Cloud is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
Evolve |
Evolve Cloud Relative Risk vs. Return Landscape
If you would invest 2,803 in Evolve Cloud Computing on December 2, 2024 and sell it today you would lose (144.00) from holding Evolve Cloud Computing or give up 5.14% of portfolio value over 90 days. Evolve Cloud Computing is generating negative expected returns and assumes 1.4662% volatility on return distribution over the 90 days horizon. Simply put, 13% 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 Cloud Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Cloud's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Evolve Cloud Computing, and traders can use it to determine the average amount a Evolve Cloud'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 = -0.0508
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Estimated Market Risk
| 1.47 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Evolve Cloud 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 Cloud by adding Evolve Cloud to a well-diversified portfolio.
Evolve Cloud Fundamentals Growth
Evolve Etf prices reflect investors' perceptions of the future prospects and financial health of Evolve Cloud, and Evolve Cloud 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 | 17.51 M | |||
About Evolve Cloud Performance
By examining Evolve Cloud's fundamental ratios, stakeholders can obtain critical insights into Evolve Cloud'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 Cloud 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 CLOUD is traded on Toronto Stock Exchange in Canada.| Evolve Cloud generated a negative expected return over the last 90 days | |
| The fund retains 100.51% of its assets under management (AUM) in equities |
Other Information on Investing in Evolve Etf
Evolve Cloud 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 Cloud security.