Overlay Shares Large Etf Buy Hold or Sell Recommendation
| OVL Etf | USD 47.65 0.40 0.85% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Overlay Shares Large is 'Strong Hold'. The recommendation algorithm takes into account all of Overlay Shares' available fundamental, technical, and predictive indicators you will find on this site.
Check out Overlay Shares 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 Overlay and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Overlay Shares Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.
Overlay |
Execute Overlay Shares Buy or Sell Advice
The Overlay recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Overlay Shares Large. Macroaxis does not own or have any residual interests in Overlay Shares Large or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Overlay Shares' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
Overlay Shares Trading Alerts and Improvement Suggestions
| Latest headline from marketbeat.com: These 3 Active ETFs Beat the SP 500 Over the Last Five Years | |
| The fund maintains 98.45% of its assets in stocks |
Overlay Shares Returns Distribution Density
The distribution of Overlay Shares' historical returns is an attempt to chart the uncertainty of Overlay Shares' future price movements. The chart of the probability distribution of Overlay Shares daily returns describes the distribution of returns around its average expected value. We use Overlay Shares Large price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Overlay Shares returns is essential to provide solid investment advice for Overlay Shares.
| Mean Return | 0.11 | Value At Risk | -1.7 | Potential Upside | 1.59 | Standard Deviation | 1.79 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Overlay Shares 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.
Overlay Shares 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 Overlay Shares or Overlay Shares 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 Overlay Shares' 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 Overlay 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 | -0.03 | |
β | Beta against Dow Jones | 1.35 | |
σ | Overall volatility | 1.80 | |
Ir | Information ratio | 0.0006 |
Overlay Shares Volatility Alert
Overlay Shares Large currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of -0.03. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Overlay Shares' etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Overlay Shares' 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.Overlay Shares Fundamentals Vs Peers
Comparing Overlay Shares' 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 Overlay Shares' direct or indirect competition across all of the common fundamentals between Overlay Shares and the related equities. This way, we can detect undervalued stocks with similar characteristics as Overlay Shares or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Overlay Shares' fundamental indicators could also be used in its relative valuation, which is a method of valuing Overlay Shares by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Overlay Shares to competition |
| Fundamentals | Overlay Shares | Peer Average |
| Beta | 1.16 | |
| One Year Return | 36.90 % | (0.97) % |
| Three Year Return | 9.40 % | 3.23 % |
| Five Year Return | 16.30 % | 1.12 % |
| Net Asset | 243.36 M | 2.29 B |
| Last Dividend Paid | 0.31 | 0.14 |
| Equity Positions Weight | 98.45 % | 52.82 % |
Overlay Shares Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Overlay . 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 Overlay Shares Buy or Sell Advice
When is the right time to buy or sell Overlay Shares Large? Buying financial instruments such as Overlay 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 Overlay Shares 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 Large Value Funds Thematic Idea Now
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 43 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 Large Value Funds Theme or any other thematic opportunities.
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Check out Overlay Shares 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. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of Overlay Shares Large is measured differently than its book value, which is the value of Overlay that is recorded on the company's balance sheet. Investors also form their own opinion of Overlay Shares' value that differs from its market value or its book value, called intrinsic value, which is Overlay Shares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Overlay Shares' market value can be influenced by many factors that don't directly affect Overlay Shares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Overlay Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Overlay Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Overlay Shares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.