Evolve European Banks Etf Market Value
| EBNK-B Etf | 14.25 0.03 0.21% |
| Symbol | Evolve |
Please note, there is a significant difference between Evolve European's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolve European is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolve European's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Evolve European 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Evolve European's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Evolve European.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Evolve European on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Evolve European Banks or generate 0.0% return on investment in Evolve European over 90 days. Evolve European is related to or competes with Evolve Innovation, and Evolve Enhanced. Evolve European is entity of Canada. It is traded as Etf on TO exchange. More
Evolve European Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Evolve European's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Evolve European Banks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.067 | |||
| Maximum Drawdown | 5.37 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.03 |
Evolve European Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve European's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolve European's standard deviation. In reality, there are many statistical measures that can use Evolve European historical prices to predict the future Evolve European's volatility.| Risk Adjusted Performance | 0.1667 | |||
| Jensen Alpha | 0.1958 | |||
| Total Risk Alpha | 0.036 | |||
| Sortino Ratio | 0.0636 | |||
| Treynor Ratio | 1.29 |
Evolve European Banks Backtested Returns
Evolve European appears to be very steady, given 3 months investment horizon. Evolve European Banks secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the etf had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Evolve European Banks, which you can use to evaluate the volatility of the entity. Please utilize Evolve European's Coefficient Of Variation of 569.83, downside deviation of 1.37, and Mean Deviation of 1.07 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolve European's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolve European is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Evolve European Banks has good predictability. Overlapping area represents the amount of predictability between Evolve European time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Evolve European Banks price movement. The serial correlation of 0.75 indicates that around 75.0% of current Evolve European price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Evolve European Banks lagged returns against current returns
Autocorrelation, which is Evolve European etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Evolve European's etf expected returns. We can calculate the autocorrelation of Evolve European returns to help us make a trade decision. For example, suppose you find that Evolve European has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Evolve European regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Evolve European etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolve European etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolve European etf over time.
Current vs Lagged Prices |
| Timeline |
Evolve European Lagged Returns
When evaluating Evolve European's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolve European etf have on its future price. Evolve European autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Evolve European autocorrelation shows the relationship between Evolve European etf current value and its past values and can show if there is a momentum factor associated with investing in Evolve European Banks.
Regressed Prices |
| Timeline |
Pair Trading with Evolve European
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 European 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 European will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolve Etf
Moving against Evolve Etf
The ability to find closely correlated positions to Evolve European 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 European 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 European - 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 European Banks to buy it.
The correlation of Evolve European 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 European moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve European Banks 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 European 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 European 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 European security.