Overlay Shares Hedged Etf Price on May 28, 2024
| OVLH Etf | USD 35.17 0.24 0.69% |
If you're considering investing in Overlay Etf, it is important to understand the factors that can impact its price. As of today, the current price of Overlay Shares stands at 35.17, as last reported on the 11th of December 2024, with the highest price reaching 35.21 and the lowest price hitting 35.16 during the day. Overlay Shares is very steady at the moment. Overlay Shares Hedged maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Overlay Shares Hedged, which you can use to evaluate the volatility of the etf. Please check Overlay Shares' Semi Deviation of 0.1623, coefficient of variation of 418.05, and Risk Adjusted Performance of 0.1671 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%.
Overlay Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Overlay |
Sharpe Ratio = 0.2166
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Estimated Market Risk
| 0.46 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Overlay Shares is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Overlay Shares by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 346.3 K |
Overlay Shares Valuation on May 28, 2024
It is possible to determine the worth of Overlay Shares on a given historical date. On May 28, 2024 Overlay was worth 31.4 at the beginning of the trading date compared to the closed value of 31.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Overlay Shares etf. Still, in general, we apply an absolute valuation method to find Overlay Shares' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Overlay Shares where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Overlay Shares' related companies.
| Open | High | Low | Close | Volume | |
| 31.25 | 31.43 | 31.23 | 31.31 | 1,800 | |
05/28/2024 | 31.40 | 31.40 | 31.30 | 31.34 | 700.00 |
| 31.14 | 31.14 | 31.13 | 31.13 | 300.00 |
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Overlay Shares Trading Date Momentum on May 28, 2024
| On May 29 2024 Overlay Shares Hedged was traded for 31.13 at the closing time. The top price for the day was 31.14 and the lowest listed price was 31.13 . The trading volume for the day was 300. The trading history from May 29, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.67% . The trading delta at closing time against the current closing price is 0.51% . |
Overlay Shares Hedged Fundamentals Correlations and Trends
By evaluating Overlay Shares' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Overlay Shares' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Overlay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Overlay Shares Etf history
Overlay Shares investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Overlay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Overlay Shares Hedged will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Overlay Shares stock prices may prove useful in developing a viable investing in Overlay Shares
The fund is an actively-managed ETF that seeks to achieve its objective by investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. large-cap equity securities or directly in the securities held by such ETFs, selling and purchasing listed short-term put options to generate income to the fund, and purchasing long-term out-of-the-money put options to seek to hedge against significant declines in U.S. large-cap equities. Overlay Shares is traded on NYSEARCA Exchange in the United States.
Overlay Shares Etf Technical Analysis
Overlay Shares technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Overlay Shares Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Overlay Shares Hedged cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Overlay Shares December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Overlay Shares etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Overlay Shares shares will generate the highest return on investment. By undertsting and applying Overlay Shares etf market strength indicators, traders can identify Overlay Shares Hedged entry and exit signals to maximize returns
Overlay Shares Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Overlay Shares' price direction in advance. Along with the technical and fundamental analysis of Overlay Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Overlay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1671 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | 0.0273 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1929 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Overlay Shares Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of Overlay Shares Hedged 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.