Evolve Automobile Innovation Fund Manager Performance Evaluation
| CARS-U Fund | USD 19.51 0.00 0.00% |
The fund shows a Beta (market volatility) of -0.0544, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Evolve Automobile are expected to decrease at a much lower rate. During the bear market, Evolve Automobile is likely to outperform the market.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Evolve Automobile Innovation are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat strong basic indicators, Evolve Automobile is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.
...moreEvolve |
Evolve Automobile Relative Risk vs. Return Landscape
If you would invest 1,883 in Evolve Automobile Innovation on September 3, 2024 and sell it today you would earn a total of 68.00 from holding Evolve Automobile Innovation or generate 3.61% return on investment over 90 days. Evolve Automobile Innovation is generating 0.0795% of daily returns and assumes 1.3154% volatility on return distribution over the 90 days horizon. Simply put, 11% of funds are less volatile than Evolve, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Evolve Automobile Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Automobile's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Evolve Automobile Innovation, and traders can use it to determine the average amount a Evolve Automobile's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0604
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| Cash | CARS-U | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.32 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.
About Evolve Automobile Performance
By analyzing Evolve Automobile's fundamental ratios, stakeholders can gain valuable insights into Evolve Automobile's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Evolve Automobile has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Evolve Automobile has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Evolve Automobile performance evaluation
Checking the ongoing alerts about Evolve Automobile for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Evolve Automobile help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Evolve Automobile is not yet fully synchronised with the market data |
- Analyzing Evolve Automobile's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Evolve Automobile's stock is overvalued or undervalued compared to its peers.
- Examining Evolve Automobile's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Evolve Automobile's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Evolve Automobile's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Evolve Automobile's fund. These opinions can provide insight into Evolve Automobile's potential for growth and whether the stock is currently undervalued or overvalued.
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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