Evolve Canadian Utilities Etf Performance
| UTES Etf | 9.27 0.06 0.65% |
The etf shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Evolve Canadian are expected to decrease at a much lower rate. During the bear market, Evolve Canadian is likely to outperform the market.
Risk-Adjusted Performance
Mild
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Evolve Canadian Utilities are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Evolve Canadian is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Evolve |
Evolve Canadian Relative Risk vs. Return Landscape
If you would invest 899.00 in Evolve Canadian Utilities on October 31, 2025 and sell it today you would earn a total of 28.00 from holding Evolve Canadian Utilities or generate 3.11% return on investment over 90 days. Evolve Canadian Utilities is generating 0.0512% of daily returns and assumes 0.5859% volatility on return distribution over the 90 days horizon. Simply put, 5% of etfs are less volatile than Evolve, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Evolve Canadian Target Price Odds to finish over Current Price
The tendency of Evolve Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 9.27 | 90 days | 9.27 | about 5.02 |
Based on a normal probability distribution, the odds of Evolve Canadian to move above the current price in 90 days from now is about 5.02 (This Evolve Canadian Utilities probability density function shows the probability of Evolve Etf to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Evolve Canadian Utilities has a beta of -0.1. This usually implies as returns on the benchmark increase, returns on holding Evolve Canadian are expected to decrease at a much lower rate. During a bear market, however, Evolve Canadian Utilities is likely to outperform the market. Additionally Evolve Canadian Utilities has an alpha of 0.0464, implying that it can generate a 0.0464 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Evolve Canadian Price Density |
| Price |
Predictive Modules for Evolve Canadian
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Evolve Canadian Utilities. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Evolve Canadian Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Evolve Canadian is not an exception. The market had few large corrections towards the Evolve Canadian's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Evolve Canadian Utilities, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Evolve Canadian within the framework of very fundamental risk indicators.About Evolve Canadian Performance
By examining Evolve Canadian's fundamental ratios, stakeholders can obtain critical insights into Evolve Canadian's 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 Canadian 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.