Overlay Shares Hedged Etf Technical Analysis
OVLH Etf | USD 34.63 0.07 0.20% |
As of the 24th of November, Overlay Shares holds the Risk Adjusted Performance of 0.1176, semi deviation of 0.3571, and Coefficient Of Variation of 625.02. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Overlay Shares, as well as the relationship between them.
Overlay Shares Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Overlay, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OverlayOverlay |
Overlay Shares 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.
Overlay Shares Hedged Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Overlay Shares Hedged volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Overlay Shares Hedged Trend Analysis
Use this graph to draw trend lines for Overlay Shares Hedged. You can use it to identify possible trend reversals for Overlay Shares as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Overlay Shares price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Overlay Shares Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Overlay Shares Hedged applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Overlay Shares Hedged will continue generating value for investors. It has 122 observation points and a regression sum of squares at 34.91, which is the sum of squared deviations for the predicted Overlay Shares price change compared to its average price change.About Overlay Shares Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Overlay Shares Hedged on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Overlay Shares Hedged based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Overlay Shares Hedged price pattern first instead of the macroeconomic environment surrounding Overlay Shares Hedged. By analyzing Overlay Shares's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Overlay Shares's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Overlay Shares specific price patterns or momentum indicators. Please read more on our technical analysis page.
Overlay Shares November 24, 2024 Technical Indicators
Most technical analysis of Overlay help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Overlay from various momentum indicators to cycle indicators. When you analyze Overlay charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1176 | |||
Market Risk Adjusted Performance | 0.139 | |||
Mean Deviation | 0.3747 | |||
Semi Deviation | 0.3571 | |||
Downside Deviation | 0.5036 | |||
Coefficient Of Variation | 625.02 | |||
Standard Deviation | 0.5078 | |||
Variance | 0.2579 | |||
Information Ratio | (0.1) | |||
Jensen Alpha | 0.0045 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | (0.1) | |||
Treynor Ratio | 0.129 | |||
Maximum Drawdown | 2.64 | |||
Value At Risk | (0.87) | |||
Potential Upside | 0.744 | |||
Downside Variance | 0.2536 | |||
Semi Variance | 0.1275 | |||
Expected Short fall | (0.40) | |||
Skewness | 0.224 | |||
Kurtosis | 1.4 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Overlay Shares Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of Overlay Shares Hedged 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.