Oshares Small Cap Quality Etf Market Value
| OUSM Etf | USD 46.94 0.09 0.19% |
| Symbol | OShares |
The market value of OShares Small Cap is measured differently than its book value, which is the value of OShares that is recorded on the company's balance sheet. Investors also form their own opinion of OShares Small's value that differs from its market value or its book value, called intrinsic value, which is OShares 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 OShares Small's market value can be influenced by many factors that don't directly affect OShares 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 OShares Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if OShares Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OShares 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.
OShares 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 OShares 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 OShares Small.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in OShares Small on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding OShares Small Cap Quality or generate 0.0% return on investment in OShares Small over 30 days. OShares Small is related to or competes with OShares Quality, OShares Europe, OShares Global, ProShares, and Siren DIVCON. Under normal market conditions, the fund will invest at least 80 percent of its total assets in the components of the in... More
OShares 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 OShares 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 OShares Small Cap Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7239 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.64 |
OShares Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OShares Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OShares Small's standard deviation. In reality, there are many statistical measures that can use OShares Small historical prices to predict the future OShares Small's volatility.| Risk Adjusted Performance | 0.0999 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OShares 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.
OShares Small Cap Backtested Returns
As of now, OShares Etf is very steady. OShares Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for OShares Small Cap, which you can use to evaluate the volatility of the etf. Please check OShares Small's Coefficient Of Variation of 777.88, semi deviation of 0.5752, and Risk Adjusted Performance of 0.0999 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The etf holds a Beta of 1.08, which implies a somewhat significant risk relative to the market. OShares Small returns are very sensitive to returns on the market. As the market goes up or down, OShares Small is expected to follow.
Auto-correlation | 0.82 |
Very good predictability
OShares Small Cap Quality has very good predictability. Overlapping area represents the amount of predictability between OShares Small time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 OShares Small Cap price movement. The serial correlation of 0.82 indicates that around 82.0% of current OShares Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
OShares Small Cap lagged returns against current returns
Autocorrelation, which is OShares 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 OShares Small's etf expected returns. We can calculate the autocorrelation of OShares Small returns to help us make a trade decision. For example, suppose you find that OShares 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 |
OShares 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 OShares Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OShares Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OShares Small etf over time.
Current vs Lagged Prices |
| Timeline |
OShares Small Lagged Returns
When evaluating OShares Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OShares Small etf have on its future price. OShares 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, OShares Small autocorrelation shows the relationship between OShares Small etf current value and its past values and can show if there is a momentum factor associated with investing in OShares Small Cap Quality.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out OShares Small Correlation, OShares Small Volatility and OShares Small Alpha and Beta module to complement your research on OShares Small. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
OShares 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.