Oneascent Emerging Markets Etf Market Value
| OAEM Etf | USD 29.39 0.33 1.14% |
| Symbol | OneAscent |
The market value of OneAscent Emerging is measured differently than its book value, which is the value of OneAscent that is recorded on the company's balance sheet. Investors also form their own opinion of OneAscent Emerging's value that differs from its market value or its book value, called intrinsic value, which is OneAscent Emerging'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 OneAscent Emerging's market value can be influenced by many factors that don't directly affect OneAscent Emerging'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 OneAscent Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneAscent Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneAscent Emerging'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.
OneAscent Emerging '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 OneAscent Emerging'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 OneAscent Emerging.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in OneAscent Emerging on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding OneAscent Emerging Markets or generate 0.0% return on investment in OneAscent Emerging over 90 days. OneAscent Emerging is related to or competes with Columbia, WisdomTree BioRevolution, IShares MSCI, WisdomTree Emerging, and KraneShares MSCI. Under normal market conditions, the fund will invest at least 80 percent of its total assets in equity securities of non... More
OneAscent Emerging 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 OneAscent Emerging'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 OneAscent Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 1.5 |
OneAscent Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneAscent Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneAscent Emerging's standard deviation. In reality, there are many statistical measures that can use OneAscent Emerging historical prices to predict the future OneAscent Emerging's volatility.| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | 0.0329 | |||
| Total Risk Alpha | 0.1166 | |||
| 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 OneAscent Emerging'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.
OneAscent Emerging Backtested Returns
OneAscent Emerging maintains Sharpe Ratio (i.e., Efficiency) of -0.0185, which implies the entity had a -0.0185 % return per unit of risk over the last 3 months. OneAscent Emerging exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OneAscent Emerging's Variance of 1.07, coefficient of variation of (35,180), and Risk Adjusted Performance of (0.0009) to confirm the risk estimate we provide. The etf holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, OneAscent Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding OneAscent Emerging is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
OneAscent Emerging Markets has weak reverse predictability. Overlapping area represents the amount of predictability between OneAscent Emerging time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OneAscent Emerging price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current OneAscent Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
OneAscent Emerging lagged returns against current returns
Autocorrelation, which is OneAscent Emerging 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 OneAscent Emerging's etf expected returns. We can calculate the autocorrelation of OneAscent Emerging returns to help us make a trade decision. For example, suppose you find that OneAscent Emerging 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 |
OneAscent Emerging 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 OneAscent Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneAscent Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneAscent Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
OneAscent Emerging Lagged Returns
When evaluating OneAscent Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneAscent Emerging etf have on its future price. OneAscent Emerging 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, OneAscent Emerging autocorrelation shows the relationship between OneAscent Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in OneAscent Emerging Markets.
Regressed Prices |
| Timeline |
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OneAscent Emerging 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.