Opus Small Cap Etf Market Value
| OSCV Etf | USD 37.20 0.25 0.68% |
| Symbol | Opus |
The market value of Opus Small Cap is measured differently than its book value, which is the value of Opus that is recorded on the company's balance sheet. Investors also form their own opinion of Opus Small's value that differs from its market value or its book value, called intrinsic value, which is Opus Small'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 Opus Small's market value can be influenced by many factors that don't directly affect Opus Small'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 Opus Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Opus Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opus Small'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.
Opus Small '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 Opus Small's 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 Opus Small.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Opus Small on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Opus Small Cap or generate 0.0% return on investment in Opus Small over 30 days. Opus Small is related to or competes with Aptus Defined, Aptus Collared, Aptus Drawdown, RiverFront Dynamic, and ClearShares Ultra. The fund is an actively managed exchange-traded fund that invests under normal circumstances at least 80 percent of its ... More
Opus Small 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 Opus Small's 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 Opus Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.6 |
Opus Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opus Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opus Small's standard deviation. In reality, there are many statistical measures that can use Opus Small historical prices to predict the future Opus Small's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opus Small's 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.
Opus Small Cap Backtested Returns
Opus Small Cap maintains Sharpe Ratio (i.e., Efficiency) of -0.0091, which implies the entity had a -0.0091% return per unit of risk over the last 3 months. Opus Small Cap exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Opus Small's Coefficient Of Variation of (5,612), variance of 1.14, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The etf holds a Beta of 1.16, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Opus Small will likely underperform.
Auto-correlation | 0.89 |
Very good predictability
Opus Small Cap has very good predictability. Overlapping area represents the amount of predictability between Opus Small time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Opus Small Cap price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Opus Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Opus Small Cap lagged returns against current returns
Autocorrelation, which is Opus Small etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Opus Small's etf expected returns. We can calculate the autocorrelation of Opus Small returns to help us make a trade decision. For example, suppose you find that Opus Small has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Opus Small regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Opus Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opus Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opus Small etf over time.
Current vs Lagged Prices |
| Timeline |
Opus Small Lagged Returns
When evaluating Opus Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opus Small etf have on its future price. Opus Small autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Opus Small autocorrelation shows the relationship between Opus Small etf current value and its past values and can show if there is a momentum factor associated with investing in Opus Small Cap.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Opus Small Correlation, Opus Small Volatility and Opus Small Alpha and Beta module to complement your research on Opus Small. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Opus Small 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.