Evolve Global Materials Etf Buy Hold or Sell Recommendation

BASE Etf  CAD 25.65  0.17  0.66%   
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Evolve Global Materials is 'Strong Buy'. The recommendation algorithm takes into account all of Evolve Global's available fundamental, technical, and predictive indicators you will find on this site.
  
Check out Evolve Global Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Evolve and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Evolve Global Materials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Execute Evolve Global Buy or Sell Advice

The Evolve recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Evolve Global Materials. Macroaxis does not own or have any residual interests in Evolve Global Materials or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Evolve Global's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Evolve GlobalBuy Evolve Global
Strong Buy

Market Performance

ModestDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Evolve Global Materials has a Risk Adjusted Performance of 0.0611, Jensen Alpha of (0.01), Total Risk Alpha of (0.08), Sortino Ratio of (0.03) and Treynor Ratio of 0.0931
Our investment recommendation module complements current analysts and expert consensus on Evolve Global. It analyzes the entity potential to grow using all fundamental, technical, and market related data available at the time. Please use Evolve Global one year return, five year return, equity positions weight, as well as the relationship between the three year return and net asset to make buy, hold, or sell decision on Evolve Global Materials.

Evolve Global Trading Alerts and Improvement Suggestions

Latest headline from news.google.com: Technical Analysis Big Bases, High Places - ETF Trends
The fund holds 99.9% of its assets under management (AUM) in equities

Evolve Global Returns Distribution Density

The distribution of Evolve Global's historical returns is an attempt to chart the uncertainty of Evolve Global's future price movements. The chart of the probability distribution of Evolve Global daily returns describes the distribution of returns around its average expected value. We use Evolve Global Materials price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Evolve Global returns is essential to provide solid investment advice for Evolve Global.
Mean Return
0.08
Value At Risk
-1.81
Potential Upside
2.17
Standard Deviation
1.15
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Evolve Global historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Evolve Global Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Evolve Global or Evolve Funds Group Inc sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Evolve Global's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Evolve etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.01
β
Beta against Dow Jones0.78
σ
Overall volatility
1.18
Ir
Information ratio -0.03

Evolve Global Volatility Alert

Evolve Global Materials has relatively low volatility with skewness of -0.15 and kurtosis of 0.26. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Evolve Global's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Evolve Global's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Evolve Global Fundamentals Vs Peers

Comparing Evolve Global's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Evolve Global's direct or indirect competition across all of the common fundamentals between Evolve Global and the related equities. This way, we can detect undervalued stocks with similar characteristics as Evolve Global or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Evolve Global's fundamental indicators could also be used in its relative valuation, which is a method of valuing Evolve Global by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Evolve Global to competition
FundamentalsEvolve GlobalPeer Average
Beta1.45
One Year Return12.00 %(0.97) %
Three Year Return6.70 %3.23 %
Five Year Return13.00 %1.12 %
Net Asset61.68 M2.29 B
Equity Positions Weight99.90 %52.82 %

Evolve Global Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Evolve . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Evolve Global Buy or Sell Advice

When is the right time to buy or sell Evolve Global Materials? Buying financial instruments such as Evolve Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Evolve Global 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.

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Books
Books Theme
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 39 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 Books Theme or any other thematic opportunities.
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Other Information on Investing in Evolve Etf

Evolve Global 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 Global security.