Evolve Nasdaq Technology Etf Performance
| QQQT-B Etf | 32.42 0.38 1.19% |
The etf shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolve NASDAQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve NASDAQ is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Evolve NASDAQ Technology are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating basic indicators, Evolve NASDAQ may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
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Evolve NASDAQ Relative Risk vs. Return Landscape
If you would invest 2,901 in Evolve NASDAQ Technology on September 2, 2024 and sell it today you would earn a total of 341.00 from holding Evolve NASDAQ Technology or generate 11.75% return on investment over 90 days. Evolve NASDAQ Technology is generating 0.183% of daily returns and assumes 1.3763% volatility on return distribution over the 90 days horizon. Simply put, 12% of etfs are less volatile than Evolve, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Evolve NASDAQ Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve NASDAQ's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Evolve NASDAQ Technology, and traders can use it to determine the average amount a Evolve NASDAQ's 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 = 0.133
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Estimated Market Risk
| 1.38 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Evolve NASDAQ is performing at about 10% 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 NASDAQ by adding it to a well-diversified portfolio.
About Evolve NASDAQ Performance
By analyzing Evolve NASDAQ's fundamental ratios, stakeholders can gain valuable insights into Evolve NASDAQ's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Evolve NASDAQ has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Evolve NASDAQ has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Evolve NASDAQ is entity of Canada. It is traded as Etf on TO exchange.