Evolve Cyber Beta vs. One Year Return
| CYBR-B Etf | CAD 62.31 0.24 0.39% |
For Evolve Cyber profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evolve Cyber to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evolve Cyber Security utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evolve Cyber's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evolve Cyber Security over time as well as its relative position and ranking within its peers.
Evolve |
Evolve Cyber Security One Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evolve Cyber's current stock value. Our valuation model uses many indicators to compare Evolve Cyber value to that of its competitors to determine the firm's financial worth. Evolve Cyber Security is fourth largest ETF in beta as compared to similar ETFs. It is the top ETF in one year return as compared to similar ETFs reporting about 122.83 of One Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Evolve Cyber by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Evolve Cyber's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Evolve One Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Evolve Cyber |
| = | 0.47 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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.
Evolve Cyber |
| = | 57.73 % |
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.
Evolve One Year Return Comparison
Evolve Cyber is currently under evaluation in one year return as compared to similar ETFs.
Beta Analysis
As returns on the market increase, Evolve Cyber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Cyber is expected to be smaller as well.
Evolve Cyber Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evolve Cyber, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evolve Cyber will eventually generate negative long term returns. The profitability progress is the general direction of Evolve Cyber's change in net profit over the period of time. It can combine multiple indicators of Evolve Cyber, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
CYBR seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Cyber Security Index Canadian Dollar Hedged, or any successor thereto. EVOLVE CYBER is traded on Toronto Stock Exchange in Canada.
Evolve Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evolve Cyber. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Evolve Cyber position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Evolve Cyber's important profitability drivers and their relationship over time.
Use Evolve Cyber in pair-trading
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 Cyber 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 Cyber will appreciate offsetting losses from the drop in the long position's value.Evolve Cyber Pair Trading
Evolve Cyber Security Pair Trading Analysis
The ability to find closely correlated positions to Evolve Cyber 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 Cyber 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 Cyber - 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 Cyber Security to buy it.
The correlation of Evolve Cyber 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 Cyber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Cyber Security 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 Cyber 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.Use Investing Themes to Complement your Evolve Cyber position
In addition to having Evolve Cyber in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Social Domain
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Social Domain Theme or any other thematic opportunities.
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Other Information on Investing in Evolve Etf
To fully project Evolve Cyber's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Evolve Cyber Security at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Evolve Cyber's income statement, its balance sheet, and the statement of cash flows.