Evolve Enhanced Yield Etf One Year Return

BOND Etf   19.88  0.02  0.10%   
Evolve Enhanced Yield fundamentals help investors to digest information that contributes to Evolve Enhanced's 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 Enhanced's 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 Enhanced etf.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Evolve Enhanced Yield ETF One Year Return Analysis

Evolve Enhanced's 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.

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

More About One Year Return | All Equity Analysis

Current Evolve Enhanced One Year Return

    
  1.30 %  
Most of Evolve Enhanced's 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 Enhanced Yield 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.
Competition
Based on the recorded statements, Evolve Enhanced Yield has an One Year Return of 1.3%. This is much higher than that of the family and significantly higher than that of the Global Fixed Income 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 Enhanced's 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 Enhanced could also be used in its relative valuation, which is a method of valuing Evolve Enhanced by comparing valuation metrics of similar companies.
Evolve Enhanced is second largest ETF in one year return as compared to similar ETFs.

About Evolve Enhanced Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Evolve Enhanced Yield's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolve Enhanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolve Enhanced Yield 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 Enhanced

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 Enhanced 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 Enhanced will appreciate offsetting losses from the drop in the long position's value.

Moving together with Evolve Etf

  0.92FLGA Franklin Global AggregatePairCorr
  0.96FGO CI Enhanced GovernmentPairCorr
  0.83MGB Mackenzie Core PlusPairCorr

Moving against Evolve Etf

  0.81HBF-B Harvest Brand LeadersPairCorr
  0.78GDPY-B Guardian Directed PremiumPairCorr
  0.76PMNT PIMCO Global ShortPairCorr
  0.71HBGD Global X BigPairCorr
  0.69HCAL Hamilton EnhancedPairCorr
The ability to find closely correlated positions to Evolve Enhanced 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 Enhanced 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 Enhanced - 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 Enhanced Yield to buy it.
The correlation of Evolve Enhanced 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 Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Enhanced Yield 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 Enhanced 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Evolve Etf

Evolve Enhanced 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 Enhanced security.