Oshares Quality Dividend Etf Market Value
| OUSA Etf | USD 49.13 0.01 0.02% |
| Symbol | OShares |
The market value of OShares Quality Dividend 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 Quality's value that differs from its market value or its book value, called intrinsic value, which is OShares Quality'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 Quality's market value can be influenced by many factors that don't directly affect OShares Quality'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 Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if OShares Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OShares Quality'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 Quality '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 Quality'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 Quality.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in OShares Quality on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding OShares Quality Dividend or generate 0.0% return on investment in OShares Quality over 90 days. OShares Quality is related to or competes with Fidelity Quality, Fidelity Momentum, and Fidelity Low. The underlying index is designed to measure the performance of publicly listed large-capitalization and mid-capitalizati... More
OShares Quality 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 Quality'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 Quality Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6239 | |||
| Information Ratio | 0.0502 | |||
| Maximum Drawdown | 2.51 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.8725 |
OShares Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OShares Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OShares Quality's standard deviation. In reality, there are many statistical measures that can use OShares Quality historical prices to predict the future OShares Quality's volatility.| Risk Adjusted Performance | 0.0351 | |||
| Jensen Alpha | 0.0273 | |||
| Total Risk Alpha | 0.0278 | |||
| Sortino Ratio | 0.0454 | |||
| Treynor Ratio | 0.0279 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of OShares Quality'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 Quality Dividend Backtested Returns
We consider OShares Quality very steady. OShares Quality Dividend maintains Sharpe Ratio (i.e., Efficiency) of 0.0409, which implies the entity had a 0.0409% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for OShares Quality Dividend, which you can use to evaluate the volatility of the etf. Please check OShares Quality's Coefficient Of Variation of 1724.27, risk adjusted performance of 0.0351, and Semi Deviation of 0.5337 to confirm if the risk estimate we provide is consistent with the expected return of 0.0234%. The etf holds a Beta of 0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, OShares Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding OShares Quality is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
OShares Quality Dividend has weak reverse predictability. Overlapping area represents the amount of predictability between OShares Quality time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Quality Dividend price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current OShares Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
OShares Quality Dividend lagged returns against current returns
Autocorrelation, which is OShares Quality 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 Quality's etf expected returns. We can calculate the autocorrelation of OShares Quality returns to help us make a trade decision. For example, suppose you find that OShares Quality 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 Quality 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 Quality etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OShares Quality etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OShares Quality etf over time.
Current vs Lagged Prices |
| Timeline |
OShares Quality Lagged Returns
When evaluating OShares Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OShares Quality etf have on its future price. OShares Quality 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 Quality autocorrelation shows the relationship between OShares Quality etf current value and its past values and can show if there is a momentum factor associated with investing in OShares Quality Dividend.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in OShares Etf
When determining whether OShares Quality Dividend offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OShares Quality's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oshares Quality Dividend Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Oshares Quality Dividend Etf:Check out OShares Quality Correlation, OShares Quality Volatility and OShares Quality Alpha and Beta module to complement your research on OShares Quality. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
OShares Quality 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.