Evolve Cryptocurrencies One Year Return vs. Price To Sales
| ETC Etf | 20.36 0.14 0.68% |
For Evolve Cryptocurrencies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evolve Cryptocurrencies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evolve Cryptocurrencies ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evolve Cryptocurrencies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evolve Cryptocurrencies ETF over time as well as its relative position and ranking within its peers.
Evolve |
Evolve Cryptocurrencies Price To Sales vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evolve Cryptocurrencies's current stock value. Our valuation model uses many indicators to compare Evolve Cryptocurrencies value to that of its competitors to determine the firm's financial worth. Evolve Cryptocurrencies ETF is one of the top ETFs in one year return as compared to similar ETFs. It also is one of the top ETFs in price to sales as compared to similar ETFs fabricating about 0.03 of Price To Sales per One Year Return. The ratio of One Year Return to Price To Sales for Evolve Cryptocurrencies ETF is roughly 35.66 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Evolve Cryptocurrencies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Evolve Cryptocurrencies' Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Evolve Price To Sales vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Evolve Cryptocurrencies |
| = | 107.70 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Evolve Cryptocurrencies |
| = | 3.02 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Evolve Cryptocurrencies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evolve Cryptocurrencies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evolve Cryptocurrencies will eventually generate negative long term returns. The profitability progress is the general direction of Evolve Cryptocurrencies' change in net profit over the period of time. It can combine multiple indicators of Evolve Cryptocurrencies, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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Evolve Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evolve Cryptocurrencies. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Evolve Cryptocurrencies position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Evolve Cryptocurrencies' important profitability drivers and their relationship over time.
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Use Evolve Cryptocurrencies in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Evolve Cryptocurrencies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Evolve Cryptocurrencies will appreciate offsetting losses from the drop in the long position's value.Evolve Cryptocurrencies Pair Trading
Evolve Cryptocurrencies ETF Pair Trading Analysis
The ability to find closely correlated positions to Evolve Cryptocurrencies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolve Cryptocurrencies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evolve Cryptocurrencies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evolve Cryptocurrencies ETF to buy it.
The correlation of Evolve Cryptocurrencies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evolve Cryptocurrencies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Cryptocurrencies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Evolve Cryptocurrencies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Evolve Cryptocurrencies position
In addition to having Evolve Cryptocurrencies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Stores Theme or any other thematic opportunities.
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Other Information on Investing in Evolve Etf
To fully project Evolve Cryptocurrencies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Evolve Cryptocurrencies at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Evolve Cryptocurrencies' income statement, its balance sheet, and the statement of cash flows.