Ovs Spa Etf Price on November 25, 2024
| OVS Etf | USD 38.83 0.11 0.28% |
Below is the normalized historical share price chart for OVS SpA extending back to October 01, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of OVS SpA stands at 38.83, as last reported on the 1st of December, with the highest price reaching 38.83 and the lowest price hitting 38.83 during the day.
If you're considering investing in OVS Etf, it is important to understand the factors that can impact its price. Currently, OVS SpA is very steady. OVS SpA maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for OVS SpA, which you can use to evaluate the volatility of the etf. Please check OVS SpA's Risk Adjusted Performance of 0.0926, semi deviation of 0.9574, and Market Risk Adjusted Performance of 0.1125 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%.
OVS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 25.12 | 200 Day MA 34.2166 | 1 y Volatility 22.97 | 50 Day MA 36.361 | Inception Date 2019-09-30 |
OVS |
Sharpe Ratio = 0.105
| Best Portfolio | Best Equity | |||
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| Small Returns | OVS | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average OVS SpA is performing at about 8% 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 OVS SpA by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 3 K |
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OVS SpA Valuation on November 25, 2024
It is possible to determine the worth of OVS SpA on a given historical date. On November 25, 2024 OVS was worth 39.38 at the beginning of the trading date compared to the closed value of 39.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OVS SpA etf. Still, in general, we apply an absolute valuation method to find OVS SpA's 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 OVS SpA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OVS SpA's related companies.
| Open | High | Low | Close | Volume | |
| 37.84 | 38.34 | 37.84 | 38.34 | 772.00 | |
11/25/2024 | 39.38 | 39.38 | 39.09 | 39.13 | 1,800 |
| 38.63 | 38.74 | 38.63 | 38.74 | 168.00 |
| Backtest OVS SpA | | | OVS SpA History | | | OVS SpA Valuation | Previous | Next |
OVS SpA Trading Date Momentum on November 25, 2024
| On November 26 2024 OVS SpA was traded for 38.74 at the closing time. Highest OVS SpA's price during the trading hours was 38.74 and the lowest price during the day was 38.63 . The net volume was 168. The overall trading history on the 26th of November contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.00% . The trading delta at closing time to current price is 0.77% . |
OVS SpA Fundamentals Correlations and Trends
By evaluating OVS SpA's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among OVS SpA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OVS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OVS SpA Etf history
OVS SpA 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 OVS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OVS SpA 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 OVS SpA stock prices may prove useful in developing a viable investing in OVS SpA
The fund is an actively-managed exchange-traded fund 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. small cap equity securities or directly in the securities held by such ETFs and selling and purchasing listed short-term put options to generate income to the fund. Overlay Shares is traded on NYSEARCA Exchange in the United States.
OVS SpA Etf Technical Analysis
OVS SpA 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
OVS SpA Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
OVS SpA 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.
OVS SpA December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how OVS SpA etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OVS SpA shares will generate the highest return on investment. By undertsting and applying OVS SpA etf market strength indicators, traders can identify OVS SpA entry and exit signals to maximize returns
OVS SpA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OVS SpA's price direction in advance. Along with the technical and fundamental analysis of OVS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of OVS 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 | 0.0926 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0207 | |||
| Treynor Ratio | 0.1025 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OVS SpA. 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. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of OVS SpA is measured differently than its book value, which is the value of OVS that is recorded on the company's balance sheet. Investors also form their own opinion of OVS SpA's value that differs from its market value or its book value, called intrinsic value, which is OVS SpA's 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 OVS SpA's market value can be influenced by many factors that don't directly affect OVS SpA's 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 OVS SpA's value and its price as these two are different measures arrived at by different means. Investors typically determine if OVS SpA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OVS SpA's 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.