Overlay Shares Competition

Etfs . USA . 
Etf . Overlay Shares Foreign
OVF Etf  USD 31.36  0.90  2.95%   
Overlay Shares Foreign competes with KORE Group, Jinxin Technology, BuzzFeed, LiveOne, and FingerMotion; as well as few others. Analyzing Overlay Shares competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Overlay Shares to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Overlay Shares Correlation with its peers.

Overlay Shares vs Vivid Seats Correlation

Very good diversification

The correlation between Overlay Shares Foreign and SEAT is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Overlay Shares Foreign and SEAT in the same portfolio, assuming nothing else is changed.

Moving together with Overlay Etf

  1.0VEA Vanguard FTSE DevelopedPairCorr
  1.0IEFA iShares Core MSCIPairCorr
  1.0VEU Vanguard FTSE AllPairCorr
  1.0EFA iShares MSCI EAFE Aggressive PushPairCorr
  1.0IXUS iShares Core MSCIPairCorr
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Overlay Shares' 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.
Hype
Prediction
LowEstimatedHigh
30.4631.3832.30
Details
Intrinsic
Valuation
LowRealHigh
28.2233.2134.13
Details

Overlay Shares Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Overlay Shares and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Overlay and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Overlay Shares Foreign does not affect the price movement of the other competitor.

High positive correlations

SEAT
+ 0.81
BZFD
SEAT
+ 0.7
MDIA
PODC
+ 0.69
KORE
BZFD
+ 0.61
NAMI
KYIV
+ 0.58
FNGR
FNGR
+ 0.57
NAMI
  

High negative correlations

MDIA
- 0.75
KORE
PODC
- 0.57
FNGR
MNY
- 0.5
KORE
PODC
- 0.49
NAMI
FNGR
- 0.49
KORE
PODC
- 0.44
KYIV

Overlay Shares Constituents Risk-Adjusted Indicators

There is a big difference between Overlay Etf performing well and Overlay Shares ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Overlay Shares' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KORE  2.49  0.32  0.10  0.59  2.59 
(2.86)
 6.64 
(4.29)
 17.91 
NAMI  5.28 (0.56) 0.00 (0.15) 0.00 
 0.00 
 11.86 
(10.39)
 57.29 
BZFD  3.61 (0.96) 0.00 (0.34) 0.00 
 0.00 
 6.67 
(7.14)
 37.49 
LVO  3.49 (0.11) 0.00  0.03  4.58 
(3.69)
 6.29 
(5.64)
 18.96 
FNGR  3.91 (0.46) 0.00 (0.12) 0.00 
 0.00 
 9.86 
(7.38)
 29.64 
KYIV  2.79 (0.28) 0.00 (0.07) 0.00 
 0.00 
 7.07 
(5.81)
 20.31 
MDIA  3.24 (0.83) 0.00  1.19  0.00 
 0.00 
 6.25 
(8.33)
 17.86 
MNY  2.74 (0.05)(0.01) 0.02  3.90 
(5.04)
 9.76 
(4.76)
 39.95 
PODC  4.27  0.49  0.10  0.68  4.58 
(5.26)
 12.62 
(8.30)
 25.92 
SEAT  3.95 (0.85) 0.00 (0.56) 0.00 
 0.00 
 6.61 
(10.82)
 22.35 

Overlay Shares Competitive Analysis

The better you understand Overlay Shares competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Overlay Shares' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Overlay Shares' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
OVF KORE NAMI BZFD LVO FNGR KYIV MDIA MNY PODC
 2.95 
 31.36 
Overlay
 0.61 
 4.93 
KORE
 7.14 
 0.60 
Jinxin
 6.25 
 0.85 
BuzzFeed
 21.53 
 5.08 
LiveOne
 7.41 
 1.16 
FingerMotion
 3.72 
 12.27 
Kyivstar
 8.33 
 0.55 
Mediaco
 3.39 
 1.22 
MoneyHero
 5.20 
 2.83 
Courtside
Market Volatility
(90 Days Market Risk)
Very steady
Slightly risky
Out of control
Dangerous
Relatively risky
Dangerous
Somewhat reliable
Abnormally volatile
Very risky
Very risky
Market Performance
(90 Days Performance)
Good
Mild
Weakest
Weakest
Soft
Weakest
Weakest
Weakest
Weakest
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
High
Small
Risky
Moderate
Low
Low
High
Low
Low
Current Valuation
(Equity Enterprise Value)
Under Valued
Fairly Valued
Fairly Valued
Under Valued
Under Valued
Under Valued
Fairly Valued
Over Valued
Under Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Buy
Strong Sell
Strong Buy
Strong Buy
Strong Sell
Not Available
Strong Sell
Strong Buy
Strong Buy
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Hold
Strong Sell
Strong Sell
Sell
Strong Sell
Hold
Strong Sell
Cautious Hold
Hold
Current Ratio
N/A
2.32
N/A
1.89
0.52
2.98
N/A
1.05
N/A
N/A
Net Asset
10.71 M
455.83 M
243.28 M
221.4 M
40.52 M
48.82 M
2.21 B
346.01 M
79.78 M
21.2 M
Profit Margin
N/A
-0.25
-0.0663
6.0E-4
-0.29
-0.16
0.29
-0.3
-0.21
-0.0957
EBITDA
N/A
(41.99 M)
60.12 M
(7.37 M)
(12.52 M)
(5.67 M)
592 M
18.11 M
(33.61 M)
(5.1 M)
Operating Margin
N/A
-0.0613
-0.11
-0.0947
-0.24
-0.29
0.4
-0.19
-0.14
-0.0643
Current Valuation
N/A
371.5 M
35.45 M
79.89 M
70.19 M
71.29 M
2.77 B
158 M
25.55 M
79.75 M
Price To Book
N/A
1.19
2.75
0.42
27.53
4.33
2.31
0.53
1.36
5.18
Five Year Return
9.4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Retained Earnings
N/A
(561.36 M)
(143.59 M)
(621.86 M)
(265.12 M)
(34.19 M)
N/A
(28.07 M)
(376.21 M)
(36.07 M)
Current Asset
N/A
134 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
One Year Return
35.1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
1.12
1.75
N/A
3.41
1.69
-0.75
N/A
-0.17
1.23
-0.1
Equity Positions Weight
98.3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number Of Employees
N/A
539
103
611
113
65
5.06 K
407
286
40
Shares Outstanding
N/A
17.54 M
79.07 M
35.86 M
11.47 M
61.28 M
230.86 M
76.44 M
29.52 M
26.91 M
Three Year Return
19.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Flow From Operations
N/A
9.91 M
25.77 M
(20.68 M)
6.37 M
(8.18 M)
430 M
(19.86 M)
(24.89 M)
(212 K)
Total Debt
N/A
307.22 M
5.51 M
62.74 M
3.82 M
1.26 M
894 M
152.52 M
736 K
6.05 M
Return On Equity
N/A
-3.37
-0.16
-0.46
-67.91
-0.41
N/A
-0.44
-0.28
-0.36
Return On Asset
N/A
-0.0348
-0.0816
-0.0452
-0.13
-0.0837
N/A
-0.0423
-0.12
-0.14
Number Of Shares Shorted
N/A
347.01 K
40.35 K
1.33 M
276.14 K
1.21 M
1.94 M
56.39 K
151.54 K
54.33 K
Book Value Per Share
N/A
-8.32
0.25
2.04
-2.11
0.27
93.24
1.06
0.99
0.55
Current Liabilities
N/A
908 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
10.71 M
455.83 M
243.28 M
221.4 M
40.52 M
48.82 M
2.21 B
346.01 M
79.78 M
21.2 M
Last Dividend Paid
0.13
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Debt To Equity
N/A
1.61
N/A
0.73
N/A
2.65
N/A
N/A
N/A
N/A
Short Ratio
N/A
8.38
0.44
4.18
2.9
6.11
2.18
1.2
1.22
1.07
Target Price
N/A
5.0
N/A
4.0
10.75
5.0
17.24
N/A
4.6
4.33
Shares Owned By Institutions
N/A
54.66
0.14
18.79
18.93
1.84
7.72
95.62
0.35
3.58
Market Capitalization
N/A
86.47 M
47.44 M
36.43 M
59.08 M
70.89 M
3.01 B
45.12 M
57.75 M
76.16 M
Price To Earnings To Growth
N/A
0.14
N/A
N/A
N/A
N/A
0.65
N/A
N/A
N/A
Price To Earning
N/A
N/A
N/A
6.97
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
N/A
0.3
0.11
0.17
0.68
2.14
2.9
0.35
0.76
1.34
Net Income
N/A
(146.08 M)
30.56 M
(33.96 M)
(20.37 M)
(5.11 M)
347 M
(1.3 M)
(37.68 M)
(6.46 M)
Earnings Per Share
N/A
-3.58
-0.06
-0.91
-2.65
-0.09
1.3
-0.53
-0.37
-0.21
Shares Owned By Insiders
N/A
40.54
N/A
32.4
19.3
24.71
92.24
0.84
60.73
82.41
Revenue
N/A
286.09 M
406.4 M
189.89 M
114.41 M
35.61 M
919 M
95.57 M
79.51 M
52.12 M
Working Capital
N/A
13.87 M
87.79 M
4.05 M
(21.14 M)
6.9 M
321 M
(18.02 M)
46.13 M
1.5 M
Cash And Equivalents
N/A
40.44 M
N/A
68.19 M
11.09 M
1.98 M
N/A
6.53 M
N/A
N/A
Cash Per Share
N/A
0.53
N/A
0.49
0.13
0.05
N/A
0.31
N/A
N/A
Gross Profit
N/A
157.75 M
80.11 M
76.95 M
22.69 M
1.79 M
933 M
(7.95 M)
15.64 M
5.32 M
Day Typical Price
31.25
4.98
0.59
0.83
4.76
1.14
12.1
0.56
1.2
2.77
Accumulation Distribution
0.0102
0.0507
0.0667
0.0706
0.23
0.0603
0.0471
0.069
0.041
0.0772
Market Facilitation Index
0.32
0.26
0.04
0.06
1.19
0.07
0.58
0.04
0.05
0.22
Daily Balance Of Power
2.8125
0.1154
1.0
0.8333
0.7563
1.142857
0.7586
(1.25)
0.8
0.6364
Period Momentum Indicator
0.9
0.03
0.04
0.05
0.9
0.08
0.44
(0.05)
0.04
0.14
Rate Of Daily Change
1.03
1.01
1.07
1.06
1.22
1.07
1.04
0.92
1.03
1.05
Day Median Price
31.2
5.0
0.58
0.82
4.61
1.13
12.02
0.56
1.19
2.74
Price Action Indicator
0.61
(0.06)
0.04
0.055
0.93
0.075
0.47
(0.04)
0.045
0.16
Coefficient Of Variation
548.47
874.64
(2,321)
(779.09)
5614.47
(2,015)
(3,274)
(481.83)
20863.51
1033.81
Mean Deviation
0.7158
2.49
5.28
3.61
3.49
3.91
2.79
3.24
2.74
4.27
Jensen Alpha
0.0854
0.3186
(0.56)
(0.96)
(0.11)
(0.46)
(0.28)
(0.83)
(0.05)
0.494
Total Risk Alpha
0.0679
0.0411
(1.17)
(1.37)
(0.42)
(0.80)
(0.50)
(1.32)
(0.47)
(0.02)
Sortino Ratio
0.0797
0.0999
N/A
N/A
(0.000044)
N/A
N/A
N/A
(0.01)
0.0958
Downside Variance
1.02
8.32
N/A
N/A
21.74
N/A
N/A
N/A
21.65
25.05
Standard Deviation
0.9335
3.3
8.16
5.99
5.02
5.31
3.79
4.26
4.89
5.89
Kurtosis
0.8073
0.7093
6.04
15.99
5.46
1.89
1.27
0.1545
7.81
1.37
Potential Upside
1.56
6.64
11.86
6.67
6.29
9.86
7.07
6.25
9.76
12.62
Treynor Ratio
0.1707
0.5944
(0.15)
(0.34)
0.0327
(0.12)
(0.07)
1.19
0.0163
0.6819
Maximum Drawdown
4.09
17.91
57.29
37.49
18.96
29.64
20.31
17.86
39.95
25.92
Variance
0.8714
10.92
66.67
35.9
25.23
28.15
14.35
18.16
23.95
34.65
Market Risk Adjusted Performance
0.1807
0.6044
(0.14)
(0.33)
0.0427
(0.11)
(0.06)
1.2
0.0263
0.6919
Risk Adjusted Performance
0.1483
0.0997
(0.03)
(0.09)
0.0227
(0.03)
(0.02)
(0.16)
0.0122
0.0866
Skewness
(0.18)
0.5765
1.53
(2.55)
0.8115
0.9013
0.6236
(0.06)
(0.08)
0.6884
Semi Deviation
0.8331
2.59
N/A
N/A
4.58
N/A
N/A
N/A
3.9
4.58
Information Ratio
0.0863
0.0872
(0.05)
(0.14)
(0.000041)
(0.07)
(0.05)
(0.23)
(0.01)
0.0815
Value At Risk
(1.42)
(4.29)
(10.39)
(7.14)
(5.64)
(7.38)
(5.81)
(8.33)
(4.76)
(8.30)
Expected Short fall
(0.74)
(2.86)
N/A
N/A
(3.69)
N/A
N/A
N/A
(5.04)
(5.26)
Downside Deviation
1.01
2.88
N/A
N/A
4.66
N/A
N/A
N/A
4.65
5.01
Semi Variance
0.6941
6.71
N/A
N/A
20.99
N/A
N/A
N/A
15.18
20.99

Overlay Shares Competition Performance Charts

Five steps to successful analysis of Overlay Shares Competition

Overlay Shares' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Overlay Shares Foreign in relation to its competition. Overlay Shares' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Overlay Shares in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Overlay Shares' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Overlay Shares Foreign, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Overlay Shares position

In addition to having Overlay Shares in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Energy ETFs
Energy ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Energy ETFs theme has 100 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Energy ETFs Theme or any other thematic opportunities.
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When determining whether Overlay Shares Foreign 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:
How To Invest In Overlay
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Check out Overlay Shares Correlation with its peers.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Understanding Overlay Shares Foreign requires distinguishing between market price and book value, where the latter reflects Overlay's accounting equity. The concept of intrinsic value - what Overlay Shares' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push Overlay Shares' price substantially above or below its fundamental value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
It's important to distinguish between Overlay Shares' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Overlay Shares should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Overlay Shares' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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