Evolve Canadian Financial Statements From 2010 to 2024
| BANK Etf | CAD 8.37 0.01 0.12% |
Check Evolve Canadian financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Evolve Canadian's main balance sheet or income statement drivers, such as , as well as many indicators such as . Evolve financial statements analysis is a perfect complement when working with Evolve Canadian Valuation or Volatility modules.
Evolve |
Evolve Canadian Banks ETF One Year Return Analysis
Evolve Canadian's 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.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Evolve Canadian One Year Return | 41.00 % |
Most of Evolve Canadian's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Evolve Canadian Banks is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the recorded statements, Evolve Canadian Banks has an One Year Return of 41.0%. This is much higher than that of the BMO Asset Management Inc family and significantly higher than that of the Alternative Equity Focused category. The one year return for all Canada etfs is notably lower than that of the firm.
About Evolve Canadian Financial Statements
Evolve Canadian investors utilize fundamental indicators, such as revenue or net income, to predict how Evolve Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
BMO Global Banks Hedged to CAD Index ETF seeks to replicate, to the extent possible, the performance of a global banks index, net of expenses. BMO GLB is traded on Toronto Stock Exchange in Canada.
Pair Trading with Evolve Canadian
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolve Etf
| 0.99 | HCAL | Hamilton Enhanced | PairCorr |
| 0.94 | PFLS | Picton Mahoney Fortified | PairCorr |
| 0.79 | HAC | Global X Seasonal | PairCorr |
| 0.64 | ARB | Accelerate Arbitrage | PairCorr |
| 0.89 | PHE | Purpose Tactical Hedged | PairCorr |
The ability to find closely correlated positions to Evolve Canadian 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 Canadian 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 Canadian - 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 Canadian Banks to buy it.
The correlation of Evolve Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Canadian Banks 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 Canadian 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.Other Information on Investing in Evolve Etf
Evolve Canadian 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 Canadian security.