Overlay Shares Valuation
| OVM Etf | USD 22.24 0.05 0.23% |
At this time, the etf appears to be fairly valued. Overlay Shares Municipal holds a recent Real Value of $22.19 per share. The prevailing price of the etf is $22.24. Our model determines the value of Overlay Shares Municipal from analyzing the etf fundamentals such as Beta of 1.18, equity positions weight of (2.71) %, and Net Asset of 14.2 M as well as examining its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that Overlay Shares' price fluctuation is very steady at this time. Calculation of the real value of Overlay Shares Municipal is based on 3 months time horizon. Increasing Overlay Shares' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Overlay etf is determined by what a typical buyer is willing to pay for full or partial control of Overlay Shares Municipal. Since Overlay Shares is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Overlay Etf. However, Overlay Shares' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 22.24 | Real 22.19 | Hype 22.19 | Naive 22.23 |
The intrinsic value of Overlay Shares' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Overlay Shares' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Overlay Shares Municipal helps investors to forecast how Overlay etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Overlay Shares more accurately as focusing exclusively on Overlay Shares' fundamentals will not take into account other important factors: About Overlay Shares Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Overlay Shares Municipal. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Overlay Shares Municipal based exclusively on its fundamental and basic technical indicators. By analyzing Overlay Shares's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Overlay Shares's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Overlay Shares. We calculate exposure to Overlay Shares's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Overlay Shares's related companies.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 investment grade municipal bonds and below investment grade municipal bonds 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.
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 real. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of Overlay Shares Municipal 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.