Ovs Spa Etf Market Value
| OVS Etf | USD 38.34 0.70 1.86% |
| Symbol | OVS |
The market value of OVS SpA is measured differently than its book value, which is the value of OVS that is recorded on the company's balance sheet. Investors also form their own opinion of OVS SpA's value that differs from its market value or its book value, called intrinsic value, which is OVS SpA'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 OVS SpA's market value can be influenced by many factors that don't directly affect OVS SpA'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 OVS SpA's value and its price as these two are different measures arrived at by different means. Investors typically determine if OVS SpA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OVS SpA'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.
OVS SpA '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 OVS SpA'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 OVS SpA.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in OVS SpA on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding OVS SpA or generate 0.0% return on investment in OVS SpA over 390 days. OVS SpA is related to or competes with Overlay Shares, Overlay Shares, Overlay Shares, Overlay Shares, and Opus Small. The fund is an actively-managed exchange-traded fund that seeks to achieve its objective by investing in one or more oth... More
OVS SpA 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 OVS SpA'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 OVS SpA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0184 | |||
| Maximum Drawdown | 8.28 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 2.41 |
OVS SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OVS SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OVS SpA's standard deviation. In reality, there are many statistical measures that can use OVS SpA historical prices to predict the future OVS SpA's volatility.| Risk Adjusted Performance | 0.0767 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.0822 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OVS SpA'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.
OVS SpA Backtested Returns
Currently, OVS SpA is very steady. OVS SpA maintains Sharpe Ratio (i.e., Efficiency) of 0.0962, which implies the entity had a 0.0962% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for OVS SpA, which you can use to evaluate the volatility of the etf. Please check OVS SpA's Semi Deviation of 0.9778, market risk adjusted performance of 0.0922, and Risk Adjusted Performance of 0.0767 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The etf holds a Beta of 1.53, 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, OVS SpA will likely underperform.
Auto-correlation | 0.56 |
Modest predictability
OVS SpA has modest predictability. Overlapping area represents the amount of predictability between OVS SpA time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 OVS SpA price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current OVS SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 2.76 |
OVS SpA lagged returns against current returns
Autocorrelation, which is OVS SpA 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 OVS SpA's etf expected returns. We can calculate the autocorrelation of OVS SpA returns to help us make a trade decision. For example, suppose you find that OVS SpA 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 |
OVS SpA 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 OVS SpA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OVS SpA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OVS SpA etf over time.
Current vs Lagged Prices |
| Timeline |
OVS SpA Lagged Returns
When evaluating OVS SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OVS SpA etf have on its future price. OVS SpA 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, OVS SpA autocorrelation shows the relationship between OVS SpA etf current value and its past values and can show if there is a momentum factor associated with investing in OVS SpA.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out OVS SpA Correlation, OVS SpA Volatility and OVS SpA Alpha and Beta module to complement your research on OVS SpA. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
OVS SpA 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.