Oneascent International Equity Etf Market Value
| OAIM Etf | USD 33.26 0.28 0.85% |
| Symbol | OneAscent |
The market value of OneAscent International 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 International's value that differs from its market value or its book value, called intrinsic value, which is OneAscent International'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 International's market value can be influenced by many factors that don't directly affect OneAscent International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneAscent International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneAscent International'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.
OneAscent International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to OneAscent International's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of OneAscent International.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in OneAscent International on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding OneAscent International Equity or generate 0.0% return on investment in OneAscent International over 30 days. OneAscent International is related to or competes with Freedom Day, IShares MSCI, IShares Dividend, SmartETFs Dividend, Listed Funds, Martin Currie, and VictoryShares THB. The fund typically invests in medium-to-large companies based on standards of the applicable market More
OneAscent International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure OneAscent International's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess OneAscent International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7393 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.41 |
OneAscent International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneAscent International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneAscent International's standard deviation. In reality, there are many statistical measures that can use OneAscent International historical prices to predict the future OneAscent International's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.0074 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.03) |
OneAscent International Backtested Returns
As of now, OneAscent Etf is very steady. OneAscent International maintains Sharpe Ratio (i.e., Efficiency) of 0.0147, which implies the entity had a 0.0147% return per unit of risk over the last 3 months. We have found thirty technical indicators for OneAscent International, which you can use to evaluate the volatility of the etf. Please check OneAscent International's Semi Deviation of 0.6975, risk adjusted performance of 0.0114, and Coefficient Of Variation of 6781.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0114%. The etf holds a Beta of -0.0468, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning OneAscent International are expected to decrease at a much lower rate. During the bear market, OneAscent International is likely to outperform the market.
Auto-correlation | -0.57 |
Good reverse predictability
OneAscent International Equity has good reverse predictability. Overlapping area represents the amount of predictability between OneAscent International time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OneAscent International price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current OneAscent International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
OneAscent International lagged returns against current returns
Autocorrelation, which is OneAscent International etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting OneAscent International's etf expected returns. We can calculate the autocorrelation of OneAscent International returns to help us make a trade decision. For example, suppose you find that OneAscent International has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
OneAscent International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If OneAscent International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneAscent International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneAscent International etf over time.
Current vs Lagged Prices |
| Timeline |
OneAscent International Lagged Returns
When evaluating OneAscent International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneAscent International etf have on its future price. OneAscent International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, OneAscent International autocorrelation shows the relationship between OneAscent International etf current value and its past values and can show if there is a momentum factor associated with investing in OneAscent International Equity.
Regressed Prices |
| Timeline |
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 OneAscent International Correlation, OneAscent International Volatility and OneAscent International Alpha and Beta module to complement your research on OneAscent International. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
OneAscent International 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.