Evolve Cryptocurrencies Etf Performance
| ETC Etf | 20.27 0.42 2.12% |
The etf shows a Beta (market volatility) of 0.97, which means possible diversification benefits within a given portfolio. Evolve Cryptocurrencies returns are very sensitive to returns on the market. As the market goes up or down, Evolve Cryptocurrencies is expected to follow.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Evolve Cryptocurrencies ETF are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of very weak fundamental indicators, Evolve Cryptocurrencies displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | HANetf and ACA Group launch ETC initiative for US issuers - ETF Express | 10/31/2024 |
| In Threey Sharp Ratio | 0.25 |
Evolve |
Evolve Cryptocurrencies Relative Risk vs. Return Landscape
If you would invest 1,207 in Evolve Cryptocurrencies ETF on September 2, 2024 and sell it today you would earn a total of 820.00 from holding Evolve Cryptocurrencies ETF or generate 67.94% return on investment over 90 days. Evolve Cryptocurrencies ETF is generating 0.8706% of daily returns assuming 3.4651% volatility of returns over the 90 days investment horizon. Simply put, 30% of all etfs have less volatile historical return distribution than Evolve Cryptocurrencies, and 83% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Evolve Cryptocurrencies Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Cryptocurrencies' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Evolve Cryptocurrencies ETF, and traders can use it to determine the average amount a Evolve Cryptocurrencies' 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 = 0.2512
| Best Portfolio | Best Equity | |||
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| Small Returns | ETC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.47 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.87 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Evolve Cryptocurrencies is performing at about 19% 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 Cryptocurrencies by adding it to a well-diversified portfolio.
Evolve Cryptocurrencies Fundamentals Growth
Evolve Etf prices reflect investors' perceptions of the future prospects and financial health of Evolve Cryptocurrencies, and Evolve Cryptocurrencies 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.
| Return On Asset | 0.88 | |||
| Profit Margin | 49.48 % | |||
| Operating Margin | 66.58 % | |||
| Current Valuation | 5.33 B | |||
| Shares Outstanding | 15.46 M | |||
| Price To Earning | 6.45 X | |||
| Price To Book | 1.04 X | |||
| Price To Sales | 3.02 X | |||
| Revenue | 224.12 M | |||
| Cash And Equivalents | 259.82 M | |||
| Cash Per Share | 16.81 X | |||
| Total Debt | 4.84 B | |||
| Debt To Equity | 7.62 % | |||
| Cash Flow From Operations | (1.28 B) | |||
| Earnings Per Share | 7.63 X | |||
About Evolve Cryptocurrencies Performance
By examining Evolve Cryptocurrencies' fundamental ratios, stakeholders can obtain critical insights into Evolve Cryptocurrencies' 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 Cryptocurrencies 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.
Equitable Group Inc., through its subsidiary, Equitable Bank, offer various financial services to retail and commercial customers in Canada.| Evolve Cryptocurrencies appears to be risky and price may revert if volatility continues | |
| Evolve Cryptocurrencies ETF has accumulated 4.84 B in total debt with debt to equity ratio (D/E) of 7.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Evolve Cryptocurrencies has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Evolve Cryptocurrencies until it has trouble settling it off, either with new capital or with free cash flow. So, Evolve Cryptocurrencies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Evolve Cryptocurrencies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Evolve to invest in growth at high rates of return. When we think about Evolve Cryptocurrencies' use of debt, we should always consider it together with cash and equity. | |
| Evolve Cryptocurrencies ETF has accumulated about 259.82 M in cash with (1.28 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 16.81. |
Other Information on Investing in Evolve Etf
Evolve Cryptocurrencies 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 Cryptocurrencies security.