Evolve Canadian Banks Etf Price on August 14, 2024
| BANK Etf | CAD 8.33 0.08 0.95% |
If you're considering investing in Evolve Etf, it is important to understand the factors that can impact its price. As of today, the current price of Evolve Canadian stands at 8.33, as last reported on the 29th of November, with the highest price reaching 8.38 and the lowest price hitting 8.29 during the day. Evolve Canadian appears to be very steady, given 3 months investment horizon. Evolve Canadian Banks secures Sharpe Ratio (or Efficiency) of 0.43, which denotes the etf had a 0.43% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Evolve Canadian Banks, which you can use to evaluate the volatility of the entity. Please utilize Evolve Canadian's Coefficient Of Variation of 215.79, mean deviation of 0.4066, and Standard Deviation of 0.5483 to check if our risk estimates are consistent with your expectations.
Evolve Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Evolve |
Sharpe Ratio = 0.4269
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.43 actual daily | 33 67% of assets perform better |
Based on monthly moving average Evolve Canadian is performing at about 33% 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 Canadian by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 71.1 K |
Evolve Canadian Valuation on August 14, 2024
It is possible to determine the worth of Evolve Canadian on a given historical date. On August 14, 2024 Evolve was worth 6.77 at the beginning of the trading date compared to the closed value of 6.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Evolve Canadian etf. Still, in general, we apply an absolute valuation method to find Evolve Canadian's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Evolve Canadian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Evolve Canadian's related companies.
| Open | High | Low | Close | Volume | |
| 6.68 | 6.75 | 6.68 | 6.74 | 117,800 | |
08/14/2024 | 6.77 | 6.82 | 6.77 | 6.82 | 83,000 |
| 6.84 | 6.92 | 6.84 | 6.89 | 62,800 |
| Backtest Evolve Canadian | | | Evolve Canadian History | | | Evolve Canadian Valuation | Previous | Next |
Evolve Canadian Trading Date Momentum on August 14, 2024
| On August 15 2024 Evolve Canadian Banks was traded for 6.89 at the closing time. The highest price during the trading period was 6.92 and the lowest recorded bid was listed for 6.84 . The volume for the day was 62.8 K. This history from August 15, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 1.03% . The overall trading delta to the current price is 4.40% . |
Evolve Canadian Banks Fundamentals Correlations and Trends
By evaluating Evolve Canadian's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Evolve Canadian's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Evolve financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Evolve Canadian Etf history
Evolve Canadian investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Evolve is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Evolve Canadian Banks will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Evolve Canadian stock prices may prove useful in developing a viable investing in Evolve Canadian
Evolve Canadian Etf Technical Analysis
Evolve Canadian technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Evolve Canadian Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Evolve Canadian Banks cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Evolve Canadian November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Evolve Canadian etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evolve Canadian shares will generate the highest return on investment. By undertsting and applying Evolve Canadian etf market strength indicators, traders can identify Evolve Canadian Banks entry and exit signals to maximize returns
Evolve Canadian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Evolve Canadian's price direction in advance. Along with the technical and fundamental analysis of Evolve Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Evolve to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.3511 | |||
| Jensen Alpha | 0.2057 | |||
| Total Risk Alpha | 0.1615 | |||
| Sortino Ratio | 0.2415 | |||
| Treynor Ratio | 0.7339 |
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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.