Overlay Shares Beta vs. Net Asset
| OVF Etf | USD 24.57 0.14 0.57% |
For Overlay Shares profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Overlay Shares to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Overlay Shares Foreign utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Overlay Shares's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Overlay Shares Foreign over time as well as its relative position and ranking within its peers.
Overlay |
The market value of Overlay Shares Foreign 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.
Overlay Shares Foreign Net Asset vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Overlay Shares's current stock value. Our valuation model uses many indicators to compare Overlay Shares value to that of its competitors to determine the firm's financial worth. Overlay Shares Foreign is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in net asset as compared to similar ETFs making up about 10,710,000 of Net Asset per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Overlay Shares by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Overlay Net Asset vs. Beta
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.
Overlay Shares |
| = | 1.0 |
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.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Overlay Shares |
| = | 10.71 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Overlay Net Asset Comparison
Overlay Shares is currently under evaluation in net asset as compared to similar ETFs.
Beta Analysis
Overlay Shares returns are very sensitive to returns on the market. As the market goes up or down, Overlay Shares is expected to follow.
Overlay Shares Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Overlay Shares, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Overlay Shares will eventually generate negative long term returns. The profitability progress is the general direction of Overlay Shares' change in net profit over the period of time. It can combine multiple indicators of Overlay Shares, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund is an actively-managed exchange-traded fund that seeks to achieve its objective by investing in one or more other ETFs that seek exposure to the performance of non-U.S. equity securities or directly in the securities held by such ETFs and selling and purchasing listed short-term put options to generate income to the fund. Overlay Shares is traded on NYSEARCA Exchange in the United States.
Overlay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Overlay Shares. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Overlay Shares position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Overlay Shares' important profitability drivers and their relationship over time.
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| Beta vs Equity Positions Weight |
Use Overlay Shares in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Overlay Shares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Overlay Shares will appreciate offsetting losses from the drop in the long position's value.Overlay Shares Pair Trading
Overlay Shares Foreign Pair Trading Analysis
The ability to find closely correlated positions to Overlay Shares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Overlay Shares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Overlay Shares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Overlay Shares Foreign to buy it.
The correlation of Overlay Shares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Overlay Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Overlay Shares Foreign moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Overlay Shares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Overlay Shares position
In addition to having Overlay Shares in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
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To fully project Overlay Shares' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Overlay Shares Foreign at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Overlay Shares' income statement, its balance sheet, and the statement of cash flows.