Overlay Shares Hedged Etf Beta
| OVLH Etf | USD 34.90 0.19 0.55% |
Overlay Shares Hedged fundamentals help investors to digest information that contributes to Overlay Shares' financial success or failures. It also enables traders to predict the movement of Overlay Etf. The fundamental analysis module provides a way to measure Overlay Shares' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Overlay Shares etf.
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Overlay Shares Hedged ETF Beta Analysis
Overlay Shares' 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 Overlay Shares Beta | 0.73 |
Most of Overlay Shares' 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, Overlay Shares Hedged 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, Overlay Shares Hedged has a Beta of 0.73. This is much higher than that of the Overlay Shares family and significantly higher than that of the Large Blend category. The beta for all United States etfs is notably lower than that of the firm.
Overlay Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Overlay Shares' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Overlay Shares could also be used in its relative valuation, which is a method of valuing Overlay Shares by comparing valuation metrics of similar companies.Overlay Shares is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Overlay Shares
The fund invests 106.08% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides Overlay Shares' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
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.
Overlay Fundamentals
| Beta | 0.73 | |||
| Total Asset | 24.77 M | |||
| One Year Return | 24.60 % | |||
| Three Year Return | 6.60 % | |||
| Net Asset | 24.77 M | |||
| Equity Positions Weight | 106.08 % |
About Overlay Shares Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Overlay Shares Hedged's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Overlay Shares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Overlay Shares Hedged based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Currently Active Assets on Macroaxis
When determining whether Overlay Shares Hedged offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Overlay Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Overlay Shares Hedged Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Overlay Shares Hedged Etf:Check out Overlay Shares Piotroski F Score and Overlay Shares Altman Z Score analysis. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.