Evolve E Gaming Index Etf Performance
| HERO Etf | CAD 36.60 0.62 1.72% |
The etf shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolve E's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve E is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Evolve E Gaming Index are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Evolve E may actually be approaching a critical reversion point that can send shares even higher in March 2025. ...more
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| In Threey Sharp Ratio | -0.09 |
Evolve |
Evolve E Relative Risk vs. Return Landscape
If you would invest 3,350 in Evolve E Gaming Index on November 2, 2024 and sell it today you would earn a total of 310.00 from holding Evolve E Gaming Index or generate 9.25% return on investment over 90 days. Evolve E Gaming Index is generating 0.1486% of daily returns and assumes 0.8382% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than Evolve, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Evolve E Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve E's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Evolve E Gaming Index, and traders can use it to determine the average amount a Evolve E'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 = 0.1773
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| Cash | HERO | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Evolve E is performing at about 13% 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 E by adding it to a well-diversified portfolio.
Evolve E Fundamentals Growth
Evolve Etf prices reflect investors' perceptions of the future prospects and financial health of Evolve E, and Evolve E 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 | 1.03 M | |||
About Evolve E Performance
By examining Evolve E's fundamental ratios, stakeholders can obtain critical insights into Evolve E'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 E 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.
HERO seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive eGaming Index, or any successor thereto . EVOLVE E is traded on Toronto Stock Exchange in Canada.