Oshares Small Cap Quality Etf Technical Analysis
| OUSM Etf | USD 40.89 0.26 0.64% |
As of the 6th of May, OShares Small holds the Semi Deviation of 0.8345, risk adjusted performance of 0.0695, and Coefficient Of Variation of 937.77. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of OShares Small, as well as the relationship between them. Put it differently, you can use this information to find out if the etf will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for OShares Small Cap, which can be compared to its competitors. Please check OShares Small Cap downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if OShares Small Cap is priced some-what accurately, providing market reflects its current price of 40.89 per share.
OShares Small Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as OShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OSharesOShares |
OShares Small 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.
OShares Small Cap Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of OShares Small Cap volatility. High ATR values indicate high volatility, and low values indicate low volatility.
OShares Small Cap Trend Analysis
Use this graph to draw trend lines for OShares Small Cap Quality. You can use it to identify possible trend reversals for OShares Small as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual OShares Small price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.OShares Small Best Fit Change Line
The following chart estimates an ordinary least squares regression model for OShares Small Cap Quality applied against its price change over selected period. The best fit line has a slop of 0.01 , which means OShares Small Cap Quality will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3.7, which is the sum of squared deviations for the predicted OShares Small price change compared to its average price change.About OShares Small Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of OShares Small Cap Quality on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of OShares Small Cap Quality based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on OShares Small Cap price pattern first instead of the macroeconomic environment surrounding OShares Small Cap. By analyzing OShares Small's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of OShares Small's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to OShares Small specific price patterns or momentum indicators. Please read more on our technical analysis page.
OShares Small May 6, 2024 Technical Indicators
Most technical analysis of OShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for OShares from various momentum indicators to cycle indicators. When you analyze OShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0695 | |||
| Market Risk Adjusted Performance | 0.0769 | |||
| Mean Deviation | 0.6239 | |||
| Semi Deviation | 0.8345 | |||
| Downside Deviation | 0.9604 | |||
| Coefficient Of Variation | 937.77 | |||
| Standard Deviation | 0.8091 | |||
| Variance | 0.6546 | |||
| Information Ratio | 0.0085 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0071 | |||
| Treynor Ratio | 0.0669 | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.25 | |||
| Downside Variance | 0.9223 | |||
| Semi Variance | 0.6965 | |||
| Expected Short fall | (0.60) | |||
| Skewness | (0.52) | |||
| Kurtosis | 0.2532 |
OShares Small Cap One Year Return
Based on the recorded statements, OShares Small Cap Quality has an One Year Return of 18.7%. This is 93.18% higher than that of the ALPS family and significantly higher than that of the Small Blend category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OShares Small Cap Quality. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
The market value of OShares Small Cap 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 Small's value that differs from its market value or its book value, called intrinsic value, which is OShares Small'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 Small's market value can be influenced by many factors that don't directly affect OShares Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if OShares Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OShares Small'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.