Overlay Shares Municipal Etf Technical Analysis
| OVM Etf | USD 21.77 0.01 0.05% |
As of the 11th of February 2026, Overlay Shares holds the Coefficient Of Variation of 686.09, semi deviation of 0.2105, and Risk Adjusted Performance of 0.0999. 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. Please check Overlay Shares Municipal information ratio, as well as the relationship between the potential upside and kurtosis to decide if Overlay Shares Municipal is priced some-what accurately, providing market reflects its current price of 21.77 per share.
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 Shares' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.Understanding Overlay Shares Municipal requires distinguishing between market price and book value, where the latter reflects Overlay's accounting equity. The concept of intrinsic value - what Overlay Shares' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Overlay Shares' price substantially above or below its fundamental value.
It's important to distinguish between Overlay Shares' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Overlay Shares should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Overlay Shares' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
Overlay Shares '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 Overlay Shares' 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 Overlay Shares.
| 11/13/2025 |
| 02/11/2026 |
If you would invest 0.00 in Overlay Shares on November 13, 2025 and sell it all today you would earn a total of 0.00 from holding Overlay Shares Municipal or generate 0.0% return on investment in Overlay Shares over 90 days. Overlay Shares is related to or competes with Overlay Shares, Overlay Shares, AdvisorShares, Northern Lights, AdvisorShares Gerber, Allianzim Large, and Direxion Daily. The fund is an actively-managed exchange-traded fund that seeks to achieve its objective by investing in one or more oth... More
Overlay Shares 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 Overlay Shares' 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 Overlay Shares Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3102 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.97 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.471 |
Overlay Shares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overlay Shares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Overlay Shares' standard deviation. In reality, there are many statistical measures that can use Overlay Shares historical prices to predict the future Overlay Shares' volatility.| Risk Adjusted Performance | 0.0999 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | 0.0027 | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.1526 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Overlay Shares' 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.
Overlay Shares February 11, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0999 | |||
| Market Risk Adjusted Performance | 0.1626 | |||
| Mean Deviation | 0.218 | |||
| Semi Deviation | 0.2105 | |||
| Downside Deviation | 0.3102 | |||
| Coefficient Of Variation | 686.09 | |||
| Standard Deviation | 0.2985 | |||
| Variance | 0.0891 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | 0.0027 | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.1526 | |||
| Maximum Drawdown | 1.97 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.471 | |||
| Downside Variance | 0.0962 | |||
| Semi Variance | 0.0443 | |||
| Expected Short fall | (0.24) | |||
| Skewness | (0.43) | |||
| Kurtosis | 2.9 |
Overlay Shares Municipal Backtested Returns
As of now, Overlay Etf is very steady. Overlay Shares Municipal maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Overlay Shares Municipal, which you can use to evaluate the volatility of the etf. Please check Overlay Shares' Risk Adjusted Performance of 0.0999, coefficient of variation of 686.09, and Semi Deviation of 0.2105 to confirm if the risk estimate we provide is consistent with the expected return of 0.048%. The etf holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Overlay Shares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Overlay Shares is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Overlay Shares Municipal has good predictability. Overlapping area represents the amount of predictability between Overlay Shares time series from 13th of November 2025 to 28th of December 2025 and 28th of December 2025 to 11th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Overlay Shares Municipal price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Overlay Shares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 Municipal Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Normalized Average True Range is used to analyze tradable apportunities for Overlay Shares Municipal across different markets.
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 Municipal 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 Municipal based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Overlay Shares Municipal price pattern first instead of the macroeconomic environment surrounding Overlay Shares Municipal. 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 February 11, 2026 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 | 0.0999 | |||
| Market Risk Adjusted Performance | 0.1626 | |||
| Mean Deviation | 0.218 | |||
| Semi Deviation | 0.2105 | |||
| Downside Deviation | 0.3102 | |||
| Coefficient Of Variation | 686.09 | |||
| Standard Deviation | 0.2985 | |||
| Variance | 0.0891 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | 0.0027 | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.1526 | |||
| Maximum Drawdown | 1.97 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.471 | |||
| Downside Variance | 0.0962 | |||
| Semi Variance | 0.0443 | |||
| Expected Short fall | (0.24) | |||
| Skewness | (0.43) | |||
| Kurtosis | 2.9 |
Overlay Shares February 11, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Overlay stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 5.30 | ||
| Daily Balance Of Power | 0.20 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 21.74 | ||
| Day Typical Price | 21.75 | ||
| Price Action Indicator | 0.03 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Overlay Shares Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Understanding Overlay Shares Municipal requires distinguishing between market price and book value, where the latter reflects Overlay's accounting equity. The concept of intrinsic value - what Overlay Shares' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Overlay Shares' price substantially above or below its fundamental value.
It's important to distinguish between Overlay Shares' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Overlay Shares should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Overlay Shares' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.