Evolve Cyber Security Etf Number Of Shares Shorted
| CYBR Etf | CAD 51.97 0.84 1.59% |
Evolve Cyber Security fundamentals help investors to digest information that contributes to Evolve Cyber'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 Cyber'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 Cyber etf.
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Evolve Cyber Security ETF Number Of Shares Shorted Analysis
Evolve Cyber's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
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Based on the recorded statements, Evolve Cyber Security has 0.0 of outstending shares currently sold short by investors. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at 0.0) family and about the same as Sector Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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Fund Asset Allocation for Evolve Cyber
The fund invests 51.81% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Evolve Cyber's 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 | 0.8 | |||
| Total Asset | 74.37 M | |||
| Annual Yield | 0 % | |||
| One Year Return | 25.30 % | |||
| Three Year Return | 3.90 % | |||
| Five Year Return | 13.70 % | |||
| Net Asset | 74.37 M | |||
| Last Dividend Paid | 0.005 | |||
| Equity Positions Weight | 51.81 % |
About Evolve Cyber Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Evolve Cyber Security's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolve Cyber using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolve Cyber Security 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 Cyber
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.Moving together with Evolve Etf
Moving against Evolve Etf
| 0.73 | HHL | Harvest Healthcare | PairCorr |
| 0.72 | XHC | iShares Global Healthcare | PairCorr |
| 0.64 | ZUH | BMO Equal Weight | PairCorr |
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.Other Information on Investing in Evolve Etf
Evolve Cyber 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 Cyber security.