Evolve Banks Enhanced Etf One Year Return
| CALL Etf | CAD 14.93 0.15 1.01% |
Evolve Banks Enhanced fundamentals help investors to digest information that contributes to Evolve Banks' financial success or failures. It also enables traders to predict the movement of Evolve Etf. The fundamental analysis module provides a way to measure Evolve Banks' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Evolve Banks etf.
Evolve |
Evolve Banks Enhanced ETF One Year Return Analysis
Evolve Banks' One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Evolve Banks One Year Return | 60.30 % |
Most of Evolve Banks' fundamental indicators, such as One Year Return, 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 Banks Enhanced is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Evolve Banks Enhanced has an One Year Return of 60%. This is much higher than that of the Oil, Gas & Consumable Fuels family and significantly higher than that of the Financial Services Equity category. The one year return for all Canada etfs is notably lower than that of the firm.
Evolve One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Evolve Banks' direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Evolve Banks could also be used in its relative valuation, which is a method of valuing Evolve Banks by comparing valuation metrics of similar companies.Evolve Banks is currently under evaluation in one year return as compared to similar ETFs.
Fund Asset Allocation for Evolve Banks
The fund invests 99.95% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Evolve Banks' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Evolve Fundamentals
| Beta | 1.69 | |||
| Total Asset | 4.12 M | |||
| Annual Yield | 0.13 % | |||
| One Year Return | 60.30 % | |||
| Three Year Return | (0.70) % | |||
| Five Year Return | 4.60 % | |||
| Net Asset | 4.12 M | |||
| Last Dividend Paid | 0.12 | |||
| Equity Positions Weight | 99.95 % |
About Evolve Banks Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Evolve Banks Enhanced's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolve Banks using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolve Banks Enhanced based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Evolve Banks
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 Banks 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 Banks will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolve Etf
| 0.69 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.78 | XFN | iShares SPTSX Capped | PairCorr |
| 0.99 | ZBK | BMO Equal Weight | PairCorr |
| 0.66 | HCA | Hamilton Canadian Bank | PairCorr |
| 1.0 | ZUB | BMO Equal Weight | PairCorr |
Moving against Evolve Etf
The ability to find closely correlated positions to Evolve Banks 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 Banks 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 Banks - 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 Banks Enhanced to buy it.
The correlation of Evolve Banks 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 Banks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Banks Enhanced 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 Banks 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 Banks 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 Banks security.