Evolve Global Healthcare Stock Today
| LIFE Stock | CAD 20.87 0.15 0.71% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Evolve Global is selling at 20.87 as of the 30th of April 2024; that is -0.71 percent decrease since the beginning of the trading day. The stock's open price was 21.02. Evolve Global has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Evolve Global Healthcare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of January 2023 and ending today, the 30th of April 2024. Click here to learn more.
Business Domain Energy |
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.. The company has 0 outstanding shares. More on Evolve Global Healthcare
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Follow Valuation Odds of Bankruptcy
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Evolve Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Evolve Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Evolve Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Health Management (View all Themes) |
| Business Concentration | Oil, Gas & Consumable Fuels, Energy, Health Management, Energy, Oil, Gas & Consumable Fuels, Energy, Energy (View all Sectors) |
Evolve Global Healthcare (LIFE) is traded on Toronto Exchange in Canada . Evolve Global is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification. The company operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. Evolve Global Healthcare has 0 outstanding shares.
Check Evolve Global Probability Of Bankruptcy
Evolve Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Evolve Global jumping above the current price in 90 days from now is about 97.0%. The Evolve Global Healthcare probability density function shows the probability of Evolve Global stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Evolve Global has a beta of 0.6247. This indicates as returns on the market go up, Evolve Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Evolve Global Healthcare will be expected to be much smaller as well. Additionally, evolve Global Healthcare has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Evolve Global to move above the current price in 90 days from now is about 97.0 (This Evolve Global Healthcare probability density function shows the probability of Evolve Stock to fall within a particular range of prices over 90 days) .
Evolve Global Healthcare Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Evolve Global market risk premium is the additional return an investor will receive from holding Evolve Global long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Evolve Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Evolve Global's alpha and beta are two of the key measurements used to evaluate Evolve Global's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4732 | |||
| Standard Deviation | 0.5732 | |||
| Variance | 0.3286 | |||
| Risk Adjusted Performance | (0.03) |
Evolve Stock Against Markets
Picking the right benchmark for Evolve Global stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Evolve Global stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Evolve Global is critical whether you are bullish or bearish towards Evolve Global Healthcare at a given time. Please also check how Evolve Global's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Evolve Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Evolve Stock?
Before investing in Evolve Global, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Evolve Global. To buy Evolve Global stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Evolve Global. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Evolve Global stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Evolve Global Healthcare stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Evolve Global Healthcare stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Evolve Global Healthcare, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Evolve Global Healthcare?
The danger of trading Evolve Global Healthcare is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Evolve Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Evolve Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Evolve Global Healthcare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Evolve Global Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Evolve Stock analysis
When running Evolve Global's price analysis, check to measure Evolve Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Evolve Global is operating at the current time. Most of Evolve Global's value examination focuses on studying past and present price action to predict the probability of Evolve Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolve Global's price. Additionally, you may evaluate how the addition of Evolve Global to your portfolios can decrease your overall portfolio volatility.
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