Evolve Active Three Year Return vs. Net Asset
| EARN Etf | CAD 47.69 0.05 0.10% |
For Evolve Active profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evolve Active to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evolve Active Global utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evolve Active's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evolve Active Global over time as well as its relative position and ranking within its peers.
Evolve |
Evolve Active Global Net Asset vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evolve Active's current stock value. Our valuation model uses many indicators to compare Evolve Active value to that of its competitors to determine the firm's financial worth. Evolve Active Global is one of the top ETFs in three year return as compared to similar ETFs. It is one of the top ETFs in net asset as compared to similar ETFs making up about 17,305,556 of Net Asset per Three Year Return. Comparative valuation analysis is a catch-all model that can be used if you cannot value Evolve Active by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Evolve Active'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. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Evolve Active's earnings, one of the primary drivers of an investment's value.Evolve Net Asset vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Evolve Active |
| = | 1.80 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Evolve Active |
| = | 31.15 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Evolve Net Asset Comparison
Evolve Active is currently under evaluation in net asset as compared to similar ETFs.
Evolve Active Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evolve Active, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evolve Active will eventually generate negative long term returns. The profitability progress is the general direction of Evolve Active's change in net profit over the period of time. It can combine multiple indicators of Evolve Active, 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.
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.
Evolve Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evolve Active. 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 Active 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 Active's important profitability drivers and their relationship over time.
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Use Evolve Active 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 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.Evolve Active Pair Trading
Evolve Active Global Pair Trading Analysis
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.Use Investing Themes to Complement your Evolve Active position
In addition to having Evolve Active 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 Small Cap ETFs Thematic Idea Now
Small Cap ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Small Cap ETFs theme has 151 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 Small Cap ETFs Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
To fully project Evolve Active's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Evolve Active Global 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 Active's income statement, its balance sheet, and the statement of cash flows.