Evolve Canadian Utilities Etf Key Fundamental Indicators
| UTES Etf | 9.15 0.02 0.22% |
As of the 1st of February, Evolve Canadian shows the Downside Deviation of 0.7035, coefficient of variation of 1835.81, and Mean Deviation of 0.4716. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Evolve Canadian, as well as the relationship between them.
Evolve Canadian's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Evolve Canadian's valuation are provided below:Evolve Canadian Utilities does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Evolve |
Evolve Canadian '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 Canadian'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 Canadian.
| 11/03/2025 |
| 02/01/2026 |
If you would invest 0.00 in Evolve Canadian on November 3, 2025 and sell it all today you would earn a total of 0.00 from holding Evolve Canadian Utilities or generate 0.0% return on investment in Evolve Canadian over 90 days. Evolve Canadian is related to or competes with Evolve SPTSX, Hamilton Financials, Hamilton Enhanced, Hamilton Australian, Purpose Premium, Global X, and IShares India. Evolve Canadian is entity of Canada. It is traded as Etf on TO exchange. More
Evolve Canadian 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 Canadian'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 Canadian Utilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7035 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.51 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.8092 |
Evolve Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolve Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolve Canadian's standard deviation. In reality, there are many statistical measures that can use Evolve Canadian historical prices to predict the future Evolve Canadian's volatility.| Risk Adjusted Performance | 0.037 | |||
| Jensen Alpha | 0.0259 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.18) |
Evolve Canadian February 1, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.037 | |||
| Market Risk Adjusted Performance | (0.17) | |||
| Mean Deviation | 0.4716 | |||
| Semi Deviation | 0.6137 | |||
| Downside Deviation | 0.7035 | |||
| Coefficient Of Variation | 1835.81 | |||
| Standard Deviation | 0.5836 | |||
| Variance | 0.3405 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.0259 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.18) | |||
| Maximum Drawdown | 2.51 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.8092 | |||
| Downside Variance | 0.4949 | |||
| Semi Variance | 0.3767 | |||
| Expected Short fall | (0.46) | |||
| Skewness | (0.51) | |||
| Kurtosis | (0.28) |
Evolve Canadian Utilities Backtested Returns
As of now, Evolve Etf is very steady. Evolve Canadian Utilities secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Evolve Canadian Utilities, which you can use to evaluate the volatility of the entity. Please confirm Evolve Canadian's Mean Deviation of 0.4716, downside deviation of 0.7035, and Coefficient Of Variation of 1835.81 to check if the risk estimate we provide is consistent with the expected return of 0.0672%. The etf shows a Beta (market volatility) of -0.12, 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.
Auto-correlation | -0.33 |
Poor reverse predictability
Evolve Canadian Utilities has poor reverse predictability. Overlapping area represents the amount of predictability between Evolve Canadian time series from 3rd of November 2025 to 18th of December 2025 and 18th of December 2025 to 1st of February 2026. 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 Canadian Utilities price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Evolve Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, Evolve Canadian Utilities has an One Year Return of 20.0%. This is much higher than that of the family and significantly higher than that of the Alternative Equity Focused category. The one year return for all Canada etfs is notably lower than that of the firm.
Evolve One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Evolve Canadian's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Evolve Canadian could also be used in its relative valuation, which is a method of valuing Evolve Canadian by comparing valuation metrics of similar companies.Evolve Canadian is currently under evaluation in one year return as compared to similar ETFs.
About Evolve Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Evolve Canadian Utilities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolve Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolve Canadian Utilities based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Evolve Canadian is entity of Canada. It is traded as Etf on TO exchange.
Pair Trading with Evolve Canadian
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Moving against Evolve Etf
The ability to find closely correlated positions to Evolve Canadian 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 Canadian 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 Canadian - 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 Canadian Utilities to buy it.
The correlation of Evolve Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Canadian Utilities 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 Canadian 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 Canadian 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 Canadian security.