ClearShares OCIO Financial Statements From 2010 to 2024
| OCIO Etf | USD 34.57 0.07 0.20% |
Check ClearShares OCIO financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ClearShares OCIO's main balance sheet or income statement drivers, such as , as well as many indicators such as . ClearShares financial statements analysis is a perfect complement when working with ClearShares OCIO Valuation or Volatility modules.
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ClearShares OCIO ETF ETF Beta Analysis
ClearShares OCIO's 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.
Current ClearShares OCIO Beta | 0.79 |
Most of ClearShares OCIO's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ClearShares OCIO ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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In accordance with the recently published financial statements, ClearShares OCIO ETF has a Beta of 0.79. This is much higher than that of the ClearShares family and significantly higher than that of the Moderate Allocation category. The beta for all United States etfs is notably lower than that of the firm.
About ClearShares OCIO Financial Statements
ClearShares OCIO investors utilize fundamental indicators, such as revenue or net income, to predict how ClearShares Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund is expected to typically invest approximately 40 percent to 70 percent of its total assets in equity securities , either through Underlying Investments that principally invest in U.S. or foreign equity securities, or directly in U.S. equity securities. ETF Series is traded on NYSEARCA Exchange in the United States.
Pair Trading with ClearShares OCIO
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 ClearShares OCIO 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 ClearShares OCIO will appreciate offsetting losses from the drop in the long position's value.Moving together with ClearShares Etf
| 0.88 | AOR | iShares Core Growth | PairCorr |
| 0.8 | GDMA | Alpha Architect Gdsdn | PairCorr |
| 0.95 | TUG | STF Tactical Growth | PairCorr |
| 0.88 | RAAX | VanEck Inflation All | PairCorr |
Moving against ClearShares Etf
| 0.47 | PFE | Pfizer Inc Aggressive Push | PairCorr |
The ability to find closely correlated positions to ClearShares OCIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ClearShares OCIO 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 ClearShares OCIO - 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 ClearShares OCIO ETF to buy it.
The correlation of ClearShares OCIO 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 ClearShares OCIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ClearShares OCIO ETF 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 ClearShares OCIO 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.Check out the analysis of ClearShares OCIO Correlation against competitors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of ClearShares OCIO ETF is measured differently than its book value, which is the value of ClearShares that is recorded on the company's balance sheet. Investors also form their own opinion of ClearShares OCIO's value that differs from its market value or its book value, called intrinsic value, which is ClearShares OCIO'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 ClearShares OCIO's market value can be influenced by many factors that don't directly affect ClearShares OCIO'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 ClearShares OCIO's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares OCIO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares OCIO'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.