Oppenheimer Roc Competition

Mutual Funds . USA . 
Fund . Oppenheimer Roc Ca
OCACX Fund  USD 7.99  0.03  0.38%   
Oppenheimer Roc Ca competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, and Invesco High; as well as few others. The fund is listed under Muni California Long category and is part of Invesco family. Analyzing Oppenheimer Roc 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 Oppenheimer Roc to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Oppenheimer Roc Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Oppenheimer Roc competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Roc'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.
Hype
Prediction
LowEstimatedHigh
7.667.998.32
Details
Intrinsic
Valuation
LowRealHigh
7.407.738.06
Details
Naive
Forecast
LowNextHigh
7.567.908.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.998.128.26
Details

Oppenheimer Roc Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Oppenheimer Roc and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Oppenheimer 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 Oppenheimer Roc Ca does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
OSMCX
+ 1.0
OSMAX
VMINX
+ 0.99
VMICX
HYIFX
+ 0.96
AMHYX
VMIIX
+ 0.89
VMICX
VMIIX
+ 0.89
VMINX
HYINX
+ 0.88
AMHYX
  
High negative correlations   
HYIFX
- 0.36
OSMCX
HYIFX
- 0.35
OSMAX
OSMCX
- 0.33
AMHYX
OSMAX
- 0.33
AMHYX
HYIFX
- 0.22
OSICX
OSICX
- 0.2
AMHYX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Roc Mutual Fund 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 Oppenheimer Roc's 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
VMICX  0.18 (0.03) 0.00 (0.31) 0.00 
 0.00 
 0.33 
(0.42)
 1.59 
VMINX  0.17 (0.03) 0.00 (0.37) 0.00 
 0.00 
 0.41 
(0.41)
 1.58 
VMIIX  0.20 (0.04) 0.00  0.66  0.00 
 0.00 
 0.33 
(0.49)
 1.58 
OARDX  0.63 (0.16) 0.00 (0.16) 0.00 
 0.00 
 0.84 
(0.93)
 12.98 
AMHYX  0.11 (0.01)(0.10)(0.15) 0.11 
(0.30)
 0.28 
(0.28)
 0.84 
OSICX  0.23 (0.07) 0.00 (0.54) 0.00 
 0.00 
 0.33 
(0.64)
 1.94 
OSMAX  0.76 (0.32) 0.00 (0.51) 0.00 
 0.00 
 0.98 
(1.25)
 12.61 
OSMCX  0.77 (0.33) 0.00 (0.52) 0.00 
 0.00 
 0.98 
(1.22)
 13.19 
HYIFX  0.11 (0.01)(0.10)(0.10) 0.11 
(0.30)
 0.28 
(0.28)
 0.84 
HYINX  0.11 (0.02) 0.00 (0.19) 0.00 
 0.00 
 0.28 
(0.28)
 0.84 
All Fundamental Data

Oppenheimer Roc Competitive Analysis

The better you understand Oppenheimer Roc competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Oppenheimer Roc's 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 Oppenheimer Roc's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
OCACX VMICX VMINX VMIIX OARDX AMHYX OSICX OSMAX OSMCX HYIFX
 0.38 
 7.99 
Oppenheimer
 0.92 
 11.82 
Invesco
 0.83 
 11.88 
Invesco
 0.25 
 11.90 
Invesco
 1.15 
 24.63 
Oppenheimer
 0.28 
 3.55 
Invesco
 0.65 
 3.08 
Oppenheimer
 0.27 
 36.73 
Oppenheimer
 0.29 
 31.05 
Oppenheimer
 0.56 
 3.54 
Invesco
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Under Valued
Fairly Valued
Fairly Valued
Under Valued
Under Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Sell
Cautious Hold
Cautious Hold
Sell
Strong Hold
Cautious Hold
Cautious Hold
Strong Hold
Strong Hold
Cautious Hold
Net Asset
2.02 B
3.26 B
3.26 B
2.83 B
2.88 B
1.04 B
1.67 B
4.74 B
4.74 B
1.22 B
Minimum Initial Investment
N/A
N/A
N/A
1 K
N/A
N/A
N/A
N/A
N/A
N/A
Price To Book
N/A
N/A
N/A
N/A
2.88
N/A
1.0
2.87
2.86
N/A
Five Year Return
0.77
0.25
1.09
1.25
13.08
3.17
-0.72
1.17
0.41
3.63
One Year Return
3.2
4.2
5.16
4.14
23.89
10.67
4.44
-0.4
-1.13
11.08
Last Dividend Paid
0.02
0.03
0.04
0.04
0.03
0.02
0.01
N/A
N/A
0.02
Price To Earning
N/A
N/A
N/A
N/A
18.77
14.68
16.95
2.1
1.86
14.55
Price To Sales
N/A
N/A
N/A
N/A
2.13
N/A
0.75
1.46
1.45
N/A
Cash Position Weight
-0.61
6.37
6.37
N/A
0.63
3.41
37.75
1.28
1.28
3.41
Equity Positions Weight
N/A
N/A
N/A
N/A
99.37
0.39
0.56
97.97
97.97
0.39
Three Year Return
-1.34
-1.76
-0.92
-0.76
9.02
2.61
-0.56
-8.2
-8.89
3.09
Annual Yield
0.0033
0.004
0.0037
0.0021
0.0074
0.0669
0.0471
0.0085
N/A
0.0705
Year To Date Return
2.45
2.57
3.4
3.55
22.82
8.28
3.26
0.75
0.11
8.97
Bond Positions Weight
4.98
1.67
1.67
99.99
N/A
8.59
-7.79
N/A
N/A
8.59
Ten Year Return
5.54
3.23
4.08
4.27
10.05
4.98
2.63
13.73
12.86
5.33
Day Typical Price
7.99
11.82
11.88
11.9
24.63
3.55
3.08
36.73
31.05
3.54
Daily Balance Of Power
9.2 T
(9,223,372,036,855)
(9,223,372,036,855)
9.2 T
9.2 T
(9,223,372,036,855)
9.2 T
9.2 T
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
0.03
(0.11)
(0.10)
0.03
0.28
(0.01)
0.02
0.1
0.09
(0.02)
Rate Of Daily Change
1.0
0.99
0.99
1.0
1.01
1.0
1.01
1.0
1.0
0.99
Day Median Price
7.99
11.82
11.88
11.9
24.63
3.55
3.08
36.73
31.05
3.54
Price Action Indicator
0.015
(0.06)
(0.05)
0.015
0.14
(0.01)
0.01
0.05
0.045
(0.01)
Relative Strength Index
47.87
43.09
43.27
47.87
23.56
49.06
49.0
48.5
20.6
50.86
Coefficient Of Variation
(925.07)
(1,472)
(1,585)
(1,000)
(1,186)
4079.08
(567.70)
(498.60)
(499.85)
4079.87
Mean Deviation
0.211
0.1837
0.1696
0.2019
0.6265
0.1088
0.2267
0.7567
0.7678
0.1089
Jensen Alpha
(0.04)
(0.03)
(0.03)
(0.04)
(0.16)
(0.01)
(0.07)
(0.32)
(0.33)
(0.01)
Total Risk Alpha
(0.05)
(0.04)
(0.04)
(0.05)
(0.18)
(0.01)
(0.08)
(0.35)
(0.36)
(0.01)
Sortino Ratio
N/A
N/A
N/A
N/A
N/A
(0.1)
N/A
N/A
N/A
(0.1)
Downside Variance
N/A
N/A
N/A
N/A
N/A
0.0852
N/A
N/A
N/A
0.0852
Standard Deviation
0.3257
0.2732
0.2731
0.2989
1.49
0.1804
0.3278
1.47
1.53
0.1804
Kurtosis
5.08
4.15
5.36
3.58
43.34
0.65
2.0
33.11
35.2
0.6491
Potential Upside
0.3708
0.33
0.4125
0.3344
0.8385
0.2809
0.3268
0.9818
0.981
0.2809
Treynor Ratio
0.6718
(0.31)
(0.37)
0.6614
(0.16)
(0.15)
(0.54)
(0.51)
(0.52)
(0.1)
Maximum Drawdown
1.86
1.59
1.58
1.58
12.98
0.8427
1.94
12.61
13.19
0.8427
Variance
0.1061
0.0747
0.0746
0.0893
2.22
0.0325
0.1074
2.16
2.34
0.0326
Market Risk Adjusted Performance
0.6818
(0.30)
(0.36)
0.6714
(0.15)
(0.14)
(0.53)
(0.50)
(0.51)
(0.09)
Risk Adjusted Performance
(0.10)
(0.07)
(0.07)
(0.1)
(0.06)
(0.01)
(0.15)
(0.15)
(0.15)
(0.01)
Skewness
(1.29)
(0.97)
(1.18)
(1.13)
(5.99)
0.3505
(0.05)
(4.80)
(5.03)
0.3502
Semi Deviation
N/A
N/A
N/A
N/A
N/A
0.1148
N/A
N/A
N/A
0.1148
Information Ratio
(0.21)
(0.19)
(0.19)
(0.21)
(0.11)
(0.16)
(0.28)
(0.22)
(0.22)
(0.16)
Value At Risk
(0.49)
(0.42)
(0.41)
(0.49)
(0.93)
(0.28)
(0.64)
(1.25)
(1.22)
(0.28)
Expected Short fall
N/A
N/A
N/A
N/A
N/A
(0.30)
N/A
N/A
N/A
(0.30)
Downside Deviation
N/A
N/A
N/A
N/A
N/A
0.2918
N/A
N/A
N/A
0.2919
Semi Variance
N/A
N/A
N/A
N/A
N/A
0.0132
N/A
N/A
N/A
0.0132

Oppenheimer Roc Competition Performance Charts

Five steps to successful analysis of Oppenheimer Roc Competition

Oppenheimer Roc's 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 Oppenheimer Roc Ca in relation to its competition. Oppenheimer Roc's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Oppenheimer Roc 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 Oppenheimer Roc's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Oppenheimer Roc Ca, 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 Oppenheimer Roc position

In addition to having Oppenheimer Roc 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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Chemicals Makers Theme
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Other Information on Investing in Oppenheimer Mutual Fund

Oppenheimer Roc financial ratios help investors to determine whether Oppenheimer Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Oppenheimer with respect to the benefits of owning Oppenheimer Roc security.
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