Overlay Shares Large Etf One Year Return
| OVL Etf | USD 47.87 0.22 0.46% |
Overlay Shares Large fundamentals help investors to digest information that contributes to Overlay Shares' financial success or failures. It also enables traders to predict the movement of Overlay Etf. The fundamental analysis module provides a way to measure Overlay Shares' 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 Overlay Shares etf.
Overlay |
Overlay Shares Large ETF One Year Return Analysis
Overlay Shares' One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Overlay Shares One Year Return | 36.90 % |
Most of Overlay Shares' fundamental indicators, such as One Year Return, 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, Overlay Shares Large is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, Overlay Shares Large has an One Year Return of 36.9%. This is much higher than that of the Overlay Shares family and significantly higher than that of the Large Blend category. The one year return for all United States etfs is notably lower than that of the firm.
Overlay One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Overlay Shares' direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Overlay Shares could also be used in its relative valuation, which is a method of valuing Overlay Shares by comparing valuation metrics of similar companies.Overlay Shares is currently under evaluation in one year return as compared to similar ETFs.
Fund Asset Allocation for Overlay Shares
The fund consists of 98.45% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Overlay Shares' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Overlay Fundamentals
| Beta | 1.16 | |||
| Total Asset | 243.36 M | |||
| One Year Return | 36.90 % | |||
| Three Year Return | 9.40 % | |||
| Five Year Return | 16.30 % | |||
| Net Asset | 243.36 M | |||
| Last Dividend Paid | 0.31 | |||
| Equity Positions Weight | 98.45 % |
About Overlay Shares Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Overlay Shares Large's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Overlay Shares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Overlay Shares Large 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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Overlay Shares Piotroski F Score and Overlay Shares Altman Z Score analysis. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.