Oneascent International Equity Etf Performance
| OAIM Etf | USD 31.57 0.28 0.89% |
The etf holds a Beta of 0.89, which implies possible diversification benefits within a given portfolio. OneAscent International returns are very sensitive to returns on the market. As the market goes up or down, OneAscent International is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in OneAscent International Equity are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy forward indicators, OneAscent International is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Long Term Investment Analysis - Stock Traders Daily | 04/03/2024 |
OneAscent |
OneAscent International Relative Risk vs. Return Landscape
If you would invest 3,027 in OneAscent International Equity on January 25, 2024 and sell it today you would earn a total of 130.00 from holding OneAscent International Equity or generate 4.29% return on investment over 90 days. OneAscent International Equity is currently generating 0.069% in daily expected returns and assumes 0.6671% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than OneAscent, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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OneAscent International Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneAscent International's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as OneAscent International Equity, and traders can use it to determine the average amount a OneAscent International's 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 = 0.1034
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Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average OneAscent International is performing at about 8% of its full potential. 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 OneAscent International by adding it to a well-diversified portfolio.
OneAscent International Fundamentals Growth
OneAscent Etf prices reflect investors' perceptions of the future prospects and financial health of OneAscent International, and OneAscent International 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 OneAscent Etf performance.
| Total Asset | 51.87 M | |||
About OneAscent International Performance
To evaluate OneAscent International Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when OneAscent International generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare OneAscent Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand OneAscent International market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents OneAscent's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund typically invests in medium-to-large companies based on standards of the applicable market. Oneascent International is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: Long Term Investment Analysis - Stock Traders Daily | |
| The fund maintains 92.25% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneAscent International Equity. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of OneAscent International 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 International's value that differs from its market value or its book value, called intrinsic value, which is OneAscent International'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 International's market value can be influenced by many factors that don't directly affect OneAscent International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneAscent International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneAscent International'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.