Evolve Active Financial Statements From 2010 to 2024
| EARN Etf | CAD 47.69 0.10 0.21% |
Check Evolve Active financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Evolve main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Evolve financial statements analysis is a perfect complement when working with Evolve Active Valuation or Volatility modules.
Evolve |
Evolve Active Global ETF Beta Analysis
Evolve Active's 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.
Current Evolve Active Beta | 0.24 |
Most of Evolve Active's fundamental indicators, such as Beta, 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 Active Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
In accordance with the recently published financial statements, Evolve Active Global has a Beta of 0.24. This is much higher than that of the Evolve Funds Group Inc. family and significantly higher than that of the Multi-Sector Fixed Income category. The beta for all Canada etfs is notably lower than that of the firm.
About Evolve Active Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Evolve Active income statement, its balance sheet, and the statement of cash flows. Evolve Active investors use historical funamental indicators, such as Evolve Active's revenue or net income, to determine how well the company is positioned to perform in the future. Although Evolve Active investors may use each financial statement separately, they are all related. The changes in Evolve Active's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Evolve Active's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Evolve Active Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Evolve Active. Please read more on our technical analysis and fundamental analysis pages.
The investment objective of EARN is to generate positive returns throughout the interest rate and economic cycles, firstly by allocating to different credit asset classes, and also through bottom-up individual security selection. EVOLVE ACTIVE is traded on Toronto Stock Exchange in Canada.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Evolve Active in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Evolve Active's short interest history, or implied volatility extrapolated from Evolve Active options trading.
Pair Trading with Evolve Active
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 Active 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 Active will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Evolve Active 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 Active 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 Active - 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 Active Global to buy it.
The correlation of Evolve Active 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 Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Active Global 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 Active 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.Check out the analysis of Evolve Active Correlation against competitors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.