Oneascent Small Cap Etf Market Value
| OASC Etf | 29.58 0.02 0.07% |
| Symbol | OneAscent |
The market value of OneAscent Small Cap 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 Small's value that differs from its market value or its book value, called intrinsic value, which is OneAscent Small'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 Small's market value can be influenced by many factors that don't directly affect OneAscent Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneAscent Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneAscent Small'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 Small '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 Small'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 Small.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in OneAscent Small on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding OneAscent Small Cap or generate 0.0% return on investment in OneAscent Small over 30 days. OneAscent Small is related to or competes with Vanguard Mid, Vanguard Small, Vanguard FTSE, Vanguard Large, and Vanguard Small. OneAscent Small is entity of United States More
OneAscent Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9393 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.37 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.98 |
OneAscent Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneAscent Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneAscent Small's standard deviation. In reality, there are many statistical measures that can use OneAscent Small historical prices to predict the future OneAscent Small's volatility.| Risk Adjusted Performance | 0.0748 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0753 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OneAscent Small's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
OneAscent Small Cap Backtested Returns
At this point, OneAscent Small is very steady. OneAscent Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0974, which implies the entity had a 0.0974% return per unit of risk over the last 3 months. We have found thirty technical indicators for OneAscent Small Cap, which you can use to evaluate the volatility of the etf. Please check OneAscent Small's Coefficient Of Variation of 1076.64, semi deviation of 0.8058, and Risk Adjusted Performance of 0.0748 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The etf holds a Beta of 1.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OneAscent Small will likely underperform.
Auto-correlation | 0.85 |
Very good predictability
OneAscent Small Cap has very good predictability. Overlapping area represents the amount of predictability between OneAscent Small time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Small Cap price movement. The serial correlation of 0.85 indicates that around 85.0% of current OneAscent Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
OneAscent Small Cap lagged returns against current returns
Autocorrelation, which is OneAscent Small 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 Small's etf expected returns. We can calculate the autocorrelation of OneAscent Small returns to help us make a trade decision. For example, suppose you find that OneAscent Small 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 Small 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 Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneAscent Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneAscent Small etf over time.
Current vs Lagged Prices |
| Timeline |
OneAscent Small Lagged Returns
When evaluating OneAscent Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneAscent Small etf have on its future price. OneAscent Small 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 Small autocorrelation shows the relationship between OneAscent Small etf current value and its past values and can show if there is a momentum factor associated with investing in OneAscent Small Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether OneAscent Small Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OneAscent Small's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oneascent Small Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Oneascent Small Cap Etf:Check out OneAscent Small Correlation, OneAscent Small Volatility and OneAscent Small Alpha and Beta module to complement your research on OneAscent Small. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
OneAscent Small 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.