OVS SpA Three Year Return vs. Five Year Return
| OVS Etf | USD 38.83 0.11 0.28% |
For OVS SpA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of OVS SpA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well OVS SpA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between OVS SpA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of OVS SpA over time as well as its relative position and ranking within its peers.
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 Five Year Return vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining OVS SpA's current stock value. Our valuation model uses many indicators to compare OVS SpA value to that of its competitors to determine the firm's financial worth. OVS SpA is regarded second largest ETF in three year return as compared to similar ETFs. It is rated number one ETF in five year return as compared to similar ETFs reporting about 1.92 of Five Year Return per Three Year Return. Comparative valuation analysis is a catch-all technique that is used if you cannot value OVS SpA 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.OVS Five Year Return vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
OVS SpA |
| = | 5.90 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
OVS SpA |
| = | 11.30 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
OVS Five Year Return Comparison
OVS SpA is currently under evaluation in five year return as compared to similar ETFs.
OVS SpA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in OVS SpA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, OVS SpA will eventually generate negative long term returns. The profitability progress is the general direction of OVS SpA's change in net profit over the period of time. It can combine multiple indicators of OVS SpA, 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 to obtain exposure to the performance of U.S. small cap 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.
OVS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on OVS SpA. 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 OVS SpA 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 OVS SpA's important profitability drivers and their relationship over time.
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| Three Year Return vs Equity Positions Weight |
Use OVS SpA 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 OVS SpA 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 OVS SpA will appreciate offsetting losses from the drop in the long position's value.OVS SpA Pair Trading
OVS SpA Pair Trading Analysis
The ability to find closely correlated positions to OVS SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OVS SpA 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 OVS SpA - 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 OVS SpA to buy it.
The correlation of OVS SpA 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 OVS SpA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OVS SpA 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 OVS SpA 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 OVS SpA position
In addition to having OVS SpA 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 Non-Metallic and Industrial Metal Mining Thematic Idea Now
Non-Metallic and Industrial Metal Mining
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 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 Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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To fully project OVS SpA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of OVS SpA 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 OVS SpA's income statement, its balance sheet, and the statement of cash flows.