Oneascent Core Plus Etf Performance
| OACP Etf | USD 22.96 0.02 0.09% |
The etf holds a Beta of -0.0265, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OneAscent Core are expected to decrease at a much lower rate. During the bear market, OneAscent Core is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days OneAscent Core Plus has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable fundamental indicators, OneAscent Core is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors. ...more
1 | OneAscent Core Plus Bond ETF declares monthly distribution of 0.0806 | 10/01/2024 |
2 | OneAscent Core Plus Bond ETF declares monthly distribution of 0.0812 | 11/26/2024 |
OneAscent |
OneAscent Core Relative Risk vs. Return Landscape
If you would invest 2,308 in OneAscent Core Plus on September 4, 2024 and sell it today you would lose (12.00) from holding OneAscent Core Plus or give up 0.52% of portfolio value over 90 days. OneAscent Core Plus is currently does not generate positive expected returns and assumes 0.2694% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than OneAscent, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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OneAscent Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneAscent Core's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as OneAscent Core Plus, and traders can use it to determine the average amount a OneAscent Core's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0289
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| Negative Returns | OACP |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average OneAscent Core is not performing at its full potential. However, 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 OneAscent Core by adding OneAscent Core to a well-diversified portfolio.
OneAscent Core Fundamentals Growth
OneAscent Etf prices reflect investors' perceptions of the future prospects and financial health of OneAscent Core, and OneAscent Core fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on OneAscent Etf performance.
| Total Asset | 99.75 M | |||
About OneAscent Core Performance
Assessing OneAscent Core's fundamental ratios provides investors with valuable insights into OneAscent Core's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the OneAscent Core is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund primarily invests in a broad range of investment-grade bonds and fixed-income securities, including, but not limited to, U.S. government securities, corporate bonds, taxable municipal securities and mortgage-backed or other asset-backed securities. Oneascent Core is traded on NYSEARCA Exchange in the United States.| OneAscent Core Plus generated a negative expected return over the last 90 days | |
| Latest headline from seekingalpha.com: OneAscent Core Plus Bond ETF declares monthly distribution of 0.0812 | |
| The fund maintains about 16.03% of its assets in bonds |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneAscent Core Plus. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of OneAscent Core Plus is measured differently than its book value, which is the value of OneAscent that is recorded on the company's balance sheet. Investors also form their own opinion of OneAscent Core's value that differs from its market value or its book value, called intrinsic value, which is OneAscent Core'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 OneAscent Core's market value can be influenced by many factors that don't directly affect OneAscent Core'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 OneAscent Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneAscent Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneAscent Core'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.