Overlay Shares Municipal Etf Beta
| OVM Etf | USD 22.24 0.05 0.23% |
Overlay Shares Municipal 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.
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Overlay Shares Municipal ETF Beta Analysis
Overlay Shares' 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 Overlay Shares Beta | 1.18 |
Most of Overlay Shares' 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, Overlay Shares Municipal 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.
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In accordance with the recently published financial statements, Overlay Shares Municipal has a Beta of 1.18. This is much higher than that of the Overlay Shares family and significantly higher than that of the Muni National Long category. The beta for all United States etfs is notably lower than that of the firm.
Overlay Beta 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 Beta 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 beta as compared to similar ETFs.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Overlay Shares will likely underperform.
Overlay Fundamentals
| Beta | 1.18 | |||
| Total Asset | 14.2 M | |||
| One Year Return | 9.30 % | |||
| Three Year Return | (0.10) % | |||
| Five Year Return | 2.00 % | |||
| Net Asset | 14.2 M | |||
| Last Dividend Paid | 0.24 | |||
| Equity Positions Weight | (2.71) % |
About Overlay Shares Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Overlay Shares Municipal'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 Municipal 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.
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The market value of Overlay Shares Municipal 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.