Evolve Automobile Innovation Etf Performance
| CARS Etf | CAD 20.26 0.02 0.1% |
The etf shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolve Automobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Automobile is expected to be smaller as well.
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 3 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Evolve Automobile is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Driving innovation Investing in autonomous vehicles - Invesco | 11/11/2024 |
| In Threey Sharp Ratio | -0.83 |
Evolve |
Evolve Automobile Relative Risk vs. Return Landscape
If you would invest 1,954 in Evolve Automobile Innovation on August 30, 2024 and sell it today you would earn a total of 72.00 from holding Evolve Automobile Innovation or generate 3.68% return on investment over 90 days. Evolve Automobile Innovation is generating 0.0733% of daily returns and assumes 1.7401% volatility on return distribution over the 90 days horizon. Simply put, 15% of etfs 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 |
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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 etfs, 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 = 0.0421
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| Cash | Small Risk | CARS | High Risk | Huge Risk |
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Estimated Market Risk
| 1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Evolve Automobile is performing at about 3% 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 Fundamentals Growth
Evolve Etf prices reflect investors' perceptions of the future prospects and financial health of Evolve Automobile, and Evolve Automobile fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Evolve Etf performance.
| Total Asset | 8.76 M | |||
About Evolve Automobile Performance
By examining Evolve Automobile's fundamental ratios, stakeholders can obtain critical insights into Evolve Automobile's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Evolve Automobile is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
CARS seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Future Cars Index Canadian Dollar Hedged, or any successor thereto. EVOLVE AUTOMOBILE is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: Driving innovation Investing in autonomous vehicles - Invesco | |
| Evolve Automobile generated five year return of -1.0% |
Other Information on Investing in Evolve Etf
Evolve Automobile 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 Automobile security.