Overlay Shares Municipal Etf Profile
| OVM Etf | USD 21.69 0.03 0.14% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Overlay Shares is selling at 21.69 as of the 19th of April 2024; that is -0.14 percent down since the beginning of the trading day. The etf's lowest day price was 21.69. Overlay Shares has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Overlay Shares Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund is an actively-managed exchange-traded fund that seeks to achieve its objective by investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and selling and purchasing listed short-term put options to generate income to the fund. More on Overlay Shares Municipal
Moving together with Overlay Etf
| 0.67 | PZA | Invesco National AMT | PairCorr |
| 0.73 | MMIN | IQ MacKay Municipal | PairCorr |
| 0.77 | MLN | VanEck Long Muni | PairCorr |
| 0.85 | RVNU | Xtrackers Municipal | PairCorr |
| 0.73 | FLMB | Franklin Liberty Federal | PairCorr |
| 0.71 | SMI | VanEck Vectors ETF | PairCorr |
Overlay Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Overlay Shares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Overlay Shares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Municipals ETFs, Strategy ETFs, Muni National Long, Overlay Shares (View all Sectors) |
| Issuer | Liquid Strategies |
| Inception Date | 2019-09-30 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 20.73 Million |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Strategy |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Liquid Strategies, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Bradley Ball, Adam Stewart, Shawn Gibson, Justin Boller |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 8.0 |
| Market Maker | GTS |
| Total Expense | 0.84 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (0.7) |
| Name | Overlay Shares Municipal Bond ETF |
| Currency Code | USD |
| Open Figi | BBG00QFP3N51 |
| In Threey Volatility | 9.09 |
| 1y Volatility | 10.06 |
| 200 Day M A | 21.728 |
| 50 Day M A | 22.2549 |
| Code | OVM |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.27) |
| Type | ETF |
Overlay Shares Municipal [OVM] is traded in USA and was established 2019-09-30. The fund is classified under Muni National Long category within Overlay Shares family. The entity is thematically classified as Municipals ETFs. Overlay Shares Municipal now have 14.2 M in assets. , while the total return for the last 3 years was -1.0%.
Check Overlay Shares Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Overlay Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Overlay Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Overlay Shares Municipal Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Overlay Shares Municipal Etf Constituents
| FGXXX | First American Funds | Money Market Fund | US Money Market Fund |
| MUB | iShares National Muni | Etf | Muni National Interm |
Overlay Shares Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Overlay Shares jumping above the current price in 90 days from now is about 98.0%. The Overlay Shares Municipal probability density function shows the probability of Overlay Shares etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Overlay Shares has a beta of 0.3701. This indicates as returns on the market go up, Overlay Shares average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Overlay Shares Municipal will be expected to be much smaller as well. Additionally, overlay Shares Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Overlay Shares to move above the current price in 90 days from now is about 98.0 (This Overlay Shares Municipal probability density function shows the probability of Overlay Etf to fall within a particular range of prices over 90 days) .
Overlay Shares Municipal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Overlay Shares market risk premium is the additional return an investor will receive from holding Overlay Shares long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Overlay Shares. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Overlay Shares' alpha and beta are two of the key measurements used to evaluate Overlay Shares' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.06) |
Overlay Shares Against Markets
Picking the right benchmark for Overlay Shares etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Overlay Shares etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Overlay Shares is critical whether you are bullish or bearish towards Overlay Shares Municipal at a given time. Please also check how Overlay Shares' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Overlay Shares without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
| All Next | Launch Module |
How to buy Overlay Etf?
Before investing in Overlay Shares, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Overlay Shares. To buy Overlay Shares etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Overlay Shares. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Overlay Shares etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Overlay Shares Municipal etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Overlay Shares Municipal etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Overlay Shares Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Overlay Etf please use our How to Invest in Overlay Shares guide.
Already Invested in Overlay Shares Municipal?
The danger of trading Overlay Shares Municipal is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Overlay Shares is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Overlay Shares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Overlay Shares Municipal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Overlay Shares Municipal is a strong investment it is important to analyze Overlay Shares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Overlay Shares' future performance. For an informed investment choice regarding Overlay Etf, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Overlay Shares Municipal. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of Overlay Shares Municipal 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.