Overlay Shares Hedged Etf Performance
| OVLH Etf | USD 33.34 0.10 0.30% |
The etf holds a Beta of 0.002, which implies not very significant fluctuations relative to the market. 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.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Overlay Shares Hedged has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong essential indicators, Overlay Shares is not utilizing all of its potentials. The newest stock price confusion, may contribute to short-horizon losses for the traders. ...more
| In Threey Sharp Ratio | 0.34 |
Overlay |
Overlay Shares Relative Risk vs. Return Landscape
If you would invest 3,479 in Overlay Shares Hedged on December 24, 2024 and sell it today you would lose (145.00) from holding Overlay Shares Hedged or give up 4.17% of portfolio value over 90 days. Overlay Shares Hedged is currently does not generate positive expected returns and assumes 0.5667% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than Overlay, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Overlay Shares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overlay Shares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Overlay Shares Hedged, and traders can use it to determine the average amount a Overlay Shares' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1224
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| Negative Returns | OVLH |
Estimated Market Risk
| 0.57 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Overlay Shares is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Overlay Shares by adding Overlay Shares to a well-diversified portfolio.
Overlay Shares Fundamentals Growth
Overlay Etf prices reflect investors' perceptions of the future prospects and financial health of Overlay Shares, and Overlay Shares fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Overlay Etf performance.
| Total Asset | 24.77 M | |||
About Overlay Shares Performance
By evaluating Overlay Shares' fundamental ratios, stakeholders can gain valuable insights into Overlay Shares' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Overlay Shares has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Overlay Shares has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is an actively-managed ETF that seeks to achieve its objective by investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. large-cap equity securities or directly in the securities held by such ETFs, selling and purchasing listed short-term put options to generate income to the fund, and purchasing long-term out-of-the-money put options to seek to hedge against significant declines in U.S. large-cap equities. Overlay Shares is traded on NYSEARCA Exchange in the United States.| Overlay Shares generated a negative expected return over the last 90 days | |
| The fund maintains 106.08% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Overlay Shares Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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.