Olo Inc Etf Beta
| OLO Etf | USD 7.16 0.16 2.29% |
Olo Inc fundamentals help investors to digest information that contributes to Olo's financial success or failures. It also enables traders to predict the movement of Olo Etf. The fundamental analysis module provides a way to measure Olo's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Olo etf.
Olo |
Olo Inc ETF Beta Analysis
Olo's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Olo Beta | 1.26 |
Most of Olo's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Olo Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Olo Inc has a Beta of 1.262. This is much higher than that of the Software family and significantly higher than that of the Information Technology category. The beta for all United States etfs is notably lower than that of the firm.
Olo Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Olo's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Olo could also be used in its relative valuation, which is a method of valuing Olo by comparing valuation metrics of similar companies.Olo is currently under evaluation in beta as compared to similar ETFs.
Olo Institutional Holders
Institutional Holdings refers to the ownership stake in Olo that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Olo's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Olo's value.| Shares | Deutsche Bank Ag | 2024-06-30 | 2 M | Citadel Advisors Llc | 2024-06-30 | 1.9 M | Bank Of New York Mellon Corp | 2024-06-30 | 1.8 M | Nuveen Asset Management, Llc | 2024-06-30 | 1.6 M | Renaissance Technologies Corp | 2024-09-30 | 1.5 M | Roumell Asset Management, Llc | 2024-06-30 | 1.3 M | Charles Schwab Investment Management Inc | 2024-09-30 | 1 M | Millennium Management Llc | 2024-06-30 | 996.5 K | Centerbook Partners Lp | 2024-06-30 | 994.2 K | Raine Capital Llc | 2024-06-30 | 32.2 M | Vanguard Group Inc | 2024-09-30 | 14.3 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Olo will likely underperform.
Olo Fundamentals
| Return On Equity | -0.024 | ||||
| Return On Asset | -0.0255 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.09) % | ||||
| Current Valuation | 810.69 M | ||||
| Shares Outstanding | 111.68 M | ||||
| Shares Owned By Insiders | 2.63 % | ||||
| Shares Owned By Institutions | 82.52 % | ||||
| Number Of Shares Shorted | 1.83 M | ||||
| Price To Earning | 34.71 X | ||||
| Price To Book | 1.72 X | ||||
| Price To Sales | 4.21 X | ||||
| Revenue | 228.29 M | ||||
| Gross Profit | 127.89 M | ||||
| EBITDA | (47.56 M) | ||||
| Net Income | (58.29 M) | ||||
| Cash And Equivalents | 350.07 M | ||||
| Cash Per Share | 2.85 X | ||||
| Total Debt | 18.86 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 9.75 X | ||||
| Book Value Per Share | 4.08 X | ||||
| Cash Flow From Operations | (6.57 M) | ||||
| Short Ratio | 2.30 X | ||||
| Earnings Per Share | (0.10) X | ||||
| Target Price | 8.7 | ||||
| Number Of Employees | 683 | ||||
| Beta | 1.26 | ||||
| Market Capitalization | 1.15 B | ||||
| Total Asset | 742.82 M | ||||
| Retained Earnings | (215.83 M) | ||||
| Working Capital | 373.52 M | ||||
| One Year Return | (11.43) % | ||||
| Three Year Return | 6.27 % | ||||
| Five Year Return | (18.91) % | ||||
| Ten Year Return | (7.63) % | ||||
| Net Asset | 742.82 M |
About Olo Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Olo Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Olo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Olo Inc 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.
Pair Trading with Olo
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 Olo 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 Olo will appreciate offsetting losses from the drop in the long position's value.Moving together with Olo Etf
| 0.85 | DJCO | Daily Journal Corp | PairCorr |
| 0.68 | AI | C3 Ai Inc Trending | PairCorr |
| 0.69 | AZ | A2Z Smart Technologies | PairCorr |
Moving against Olo Etf
The ability to find closely correlated positions to Olo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olo 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 Olo - 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 Olo Inc to buy it.
The correlation of Olo 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 Olo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olo Inc 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 Olo 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 Olo Etf
Olo financial ratios help investors to determine whether Olo 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 Olo with respect to the benefits of owning Olo security.