Evolve Future Financial Statements From 2010 to 2024
| LEAD Etf | CAD 23.64 0.01 0.04% |
Check Evolve Future financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Evolve Future'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 Future Valuation or Volatility modules.
Evolve |
Evolve Future Leadership ETF Beta Analysis
Evolve Future's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Evolve Future Beta | 1.34 |
Most of Evolve Future's fundamental indicators, such as Beta, 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 Future Leadership is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Evolve Future Leadership has a Beta of 1.34. This is much higher than that of the Oil, Gas & Consumable Fuels family and significantly higher than that of the Global Equity category. The beta for all Canada etfs is notably lower than that of the firm.
About Evolve Future Financial Statements
Evolve Future 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.
The investment objective of LEAD is to seek to provide holders of Units with long-term capital appreciation by investing primarily in a diversified mix of equity securities of companies located domestically or internationally that the Manager has determined are leaders in sectors that stand to benefit from medium and long term economic trends. EVOLVE FUTURE is traded on Toronto Stock Exchange in Canada.
Pair Trading with Evolve Future
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 Future 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 Future will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolve Etf
| 0.92 | XEQT | iShares Core Equity | PairCorr |
| 0.9 | XAW | iShares Core MSCI | PairCorr |
| 0.93 | DXG | Dynamic Active Global | PairCorr |
| 0.91 | VXC | Vanguard FTSE Global | PairCorr |
| 0.93 | XWD | iShares MSCI World | PairCorr |
The ability to find closely correlated positions to Evolve Future 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 Future 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 Future - 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 Future Leadership to buy it.
The correlation of Evolve Future 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 Future moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Future Leadership 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 Future 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 Future 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 Future security.