Evolve Global Five Year Return vs. Beta
| LIFE Etf | CAD 19.93 0.04 0.20% |
For Evolve Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evolve Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evolve Global Healthcare utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evolve Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evolve Global Healthcare over time as well as its relative position and ranking within its peers.
Evolve |
Evolve Global Healthcare Beta vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evolve Global's current stock value. Our valuation model uses many indicators to compare Evolve Global value to that of its competitors to determine the firm's financial worth. Evolve Global Healthcare is rated fourth overall ETF in five year return as compared to similar ETFs. It also is rated fourth overall ETF in beta as compared to similar ETFs totaling about 0.08 of Beta per Five Year Return. The ratio of Five Year Return to Beta for Evolve Global Healthcare is roughly 12.54 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Evolve Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Evolve Global's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Evolve Beta vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Evolve Global |
| = | 7.40 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Evolve Global |
| = | 0.59 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Evolve Beta Comparison
Evolve Global is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
As returns on the market increase, Evolve Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve Global is expected to be smaller as well.
Evolve Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evolve Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evolve Global will eventually generate negative long term returns. The profitability progress is the general direction of Evolve Global's change in net profit over the period of time. It can combine multiple indicators of Evolve Global, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
LIFE seeks to replicate, to the extent reasonably possible before fees and expenses, the performance of the Solactive Global Healthcare 20 Index Canadian Dollar Hedged, or any successor thereto, while mitigating downside risk. EVOLVE GLBL is traded on Toronto Stock Exchange in Canada.
Evolve Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evolve Global. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Evolve Global position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Evolve Global's important profitability drivers and their relationship over time.
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Use Evolve Global in pair-trading
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Evolve Global Pair Trading
Evolve Global Healthcare Pair Trading Analysis
The ability to find closely correlated positions to Evolve Global 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 Global 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 Global - 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 Global Healthcare to buy it.
The correlation of Evolve Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Global Healthcare 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 Global 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.Use Investing Themes to Complement your Evolve Global position
In addition to having Evolve Global 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?
Run Macroaxis Picks Thematic Idea Now
Macroaxis Picks
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Macroaxis Picks Theme or any other thematic opportunities.
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Other Information on Investing in Evolve Etf
To fully project Evolve Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Evolve Global Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Evolve Global's income statement, its balance sheet, and the statement of cash flows.