Evolve Innovation Index Etf Buy Hold or Sell Recommendation
| EDGE Etf | CAD 40.28 0.52 1.31% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Evolve Innovation Index is 'Strong Hold'. The recommendation algorithm takes into account all of Evolve Innovation's available fundamental, technical, and predictive indicators you will find on this site.
Check out Evolve Innovation Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Evolve and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Evolve Innovation Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Evolve |
Execute Evolve Innovation Buy or Sell Advice
The Evolve recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Evolve Innovation Index. Macroaxis does not own or have any residual interests in Evolve Innovation Index or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Evolve Innovation's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details |
Evolve Innovation Trading Alerts and Improvement Suggestions
| The fund generated three year return of 0.0% |
Evolve Innovation Returns Distribution Density
The distribution of Evolve Innovation's historical returns is an attempt to chart the uncertainty of Evolve Innovation's future price movements. The chart of the probability distribution of Evolve Innovation daily returns describes the distribution of returns around its average expected value. We use Evolve Innovation Index price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Evolve Innovation returns is essential to provide solid investment advice for Evolve Innovation.
| Mean Return | 0.15 | Value At Risk | -0.97 | Potential Upside | 1.43 | Standard Deviation | 0.93 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Evolve Innovation historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Evolve Innovation Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Evolve Innovation or Evolve Funds Group Inc. sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Evolve Innovation's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Evolve etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.52 | |
σ | Overall volatility | 0.89 | |
Ir | Information ratio | 0.01 |
Evolve Innovation Volatility Alert
Evolve Innovation Index has low volatility with Treynor Ratio of 0.27, Maximum Drawdown of 4.98 and kurtosis of 2.65. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Evolve Innovation's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Evolve Innovation's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Evolve Innovation Fundamentals Vs Peers
Comparing Evolve Innovation's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Evolve Innovation's direct or indirect competition across all of the common fundamentals between Evolve Innovation and the related equities. This way, we can detect undervalued stocks with similar characteristics as Evolve Innovation or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Evolve Innovation's fundamental indicators could also be used in its relative valuation, which is a method of valuing Evolve Innovation by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Evolve Innovation to competition |
| Fundamentals | Evolve Innovation | Peer Average |
| Beta | 1.42 | |
| One Year Return | 25.80 % | (0.97) % |
| Three Year Return | (0.30) % | 3.23 % |
| Five Year Return | 11.90 % | 1.12 % |
| Net Asset | 9.65 M | 2.29 B |
| Equity Positions Weight | 50.11 % | 52.82 % |
Evolve Innovation Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Evolve . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 40.28 | |||
| Day Typical Price | 40.28 | |||
| Price Action Indicator | 0.26 | |||
| Period Momentum Indicator | 0.52 |
About Evolve Innovation Buy or Sell Advice
When is the right time to buy or sell Evolve Innovation Index? Buying financial instruments such as Evolve Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Evolve Innovation 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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Other Information on Investing in Evolve Etf
Evolve Innovation 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 Innovation security.