Evolve Automobile Innovation Fund Price on September 10, 2024
| CARS-U Fund | USD 19.51 0.00 0.00% |
Below is the normalized historical share price chart for Evolve Automobile Innovation extending back to November 03, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Evolve Automobile stands at 19.51, as last reported on the 30th of November, with the highest price reaching 19.51 and the lowest price hitting 19.51 during the day.
If you're considering investing in Evolve Fund, it is important to understand the factors that can impact its price. At this point, Evolve Automobile is very steady. Evolve Automobile secures Sharpe Ratio (or Efficiency) of 0.0591, which denotes the fund had a 0.0591% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Evolve Automobile Innovation, which you can use to evaluate the volatility of the entity. Please confirm Evolve Automobile's Standard Deviation of 1.46, variance of 2.13, and Mean Deviation of 0.6287 to check if the risk estimate we provide is consistent with the expected return of 0.0773%.
Evolve Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Evolve |
Sharpe Ratio = 0.0591
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Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Evolve Automobile is performing at about 4% 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 Automobile by adding it to a well-diversified portfolio.
Evolve Automobile Valuation on September 10, 2024
It is possible to determine the worth of Evolve Automobile on a given historical date. On September 10, 2024 Evolve was worth 17.75 at the beginning of the trading date compared to the closed value of 17.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Evolve Automobile fund. Still, in general, we apply an absolute valuation method to find Evolve Automobile'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 Automobile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Evolve Automobile's related companies.
| Open | High | Low | Close | Volume | |
| 18.85 | 18.85 | 18.85 | 18.85 | 1.00 | |
09/10/2024 | 17.75 | 17.75 | 17.66 | 17.66 | 200.00 |
| 17.68 | 17.68 | 17.68 | 17.68 | 1.00 |
| Backtest Evolve Automobile | | | Evolve Automobile History | Previous | Next |
Evolve Automobile Trading Date Momentum on September 10, 2024
| On September 11 2024 Evolve Automobile Innovation was traded for 17.68 at the closing time. The highest price during the trading period was 17.68 and the lowest recorded bid was listed for 17.68 . There was no trading activity during the period 1.0. Lack of trading volume on September 11, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.11% . The overall trading delta to the current price is 5.10% . |
About Evolve Automobile Fund history
Evolve Automobile 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 Automobile 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 Automobile stock prices may prove useful in developing a viable investing in Evolve Automobile
Evolve Automobile Fund Technical Analysis
Evolve Automobile technical fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Evolve Automobile Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Evolve Automobile November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Evolve Automobile fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evolve Automobile shares will generate the highest return on investment. By undertsting and applying Evolve Automobile fund market strength indicators, traders can identify Evolve Automobile Innovation entry and exit signals to maximize returns
Evolve Automobile Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Evolve Automobile's price direction in advance. Along with the technical and fundamental analysis of Evolve Fund 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 | 0.1205 | |||
| Jensen Alpha | 0.2179 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (3.92) |
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Other Information on Investing in Evolve Fund
Evolve Automobile financial ratios help investors to determine whether Evolve Fund 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 Automobile security.
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