Vy Oppenheimer Global Fund Market Value
| IGMSX Fund | USD 8.14 0.07 0.87% |
| Symbol | IGMSX |
Vy Oppenheimer '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 Vy Oppenheimer's mutual fund 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 Vy Oppenheimer.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Vy Oppenheimer on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Vy Oppenheimer Global or generate 0.0% return on investment in Vy Oppenheimer over 570 days. Vy Oppenheimer is related to or competes with Inverse Government, Short Term, Aig Government, Voya Government, Intermediate Government, and Payden Us. Under normal market conditions, the Portfolio invests mainly in common stocks of companies in the United States and fore... More
Vy Oppenheimer 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 Vy Oppenheimer's mutual fund 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 Vy Oppenheimer Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9974 | |||
| Information Ratio | 0.0302 | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.66 |
Vy Oppenheimer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vy Oppenheimer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vy Oppenheimer's standard deviation. In reality, there are many statistical measures that can use Vy Oppenheimer historical prices to predict the future Vy Oppenheimer's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.0337 | |||
| Total Risk Alpha | 0.0258 | |||
| Sortino Ratio | 0.0278 | |||
| Treynor Ratio | 0.0682 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vy Oppenheimer'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.
Vy Oppenheimer Global Backtested Returns
At this stage we consider IGMSX Mutual Fund to be not too volatile. Vy Oppenheimer Global retains Efficiency (Sharpe Ratio) of 0.0626, which indicates the fund had a 0.0626 % return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Vy Oppenheimer, which you can use to evaluate the volatility of the fund. Please validate Vy Oppenheimer's Risk Adjusted Performance of 0.0532, mean deviation of 0.7004, and Downside Deviation of 0.9974 to confirm if the risk estimate we provide is consistent with the expected return of 0.0574%. The entity owns a Beta (Systematic Risk) of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vy Oppenheimer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vy Oppenheimer is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Vy Oppenheimer Global has weak reverse predictability. Overlapping area represents the amount of predictability between Vy Oppenheimer time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vy Oppenheimer Global price movement. The serial correlation of -0.23 indicates that over 23.0% of current Vy Oppenheimer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 19.21 |
Vy Oppenheimer Global lagged returns against current returns
Autocorrelation, which is Vy Oppenheimer mutual fund'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 Vy Oppenheimer's mutual fund expected returns. We can calculate the autocorrelation of Vy Oppenheimer returns to help us make a trade decision. For example, suppose you find that Vy Oppenheimer has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Vy Oppenheimer 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 Vy Oppenheimer mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vy Oppenheimer mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vy Oppenheimer mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vy Oppenheimer Lagged Returns
When evaluating Vy Oppenheimer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vy Oppenheimer mutual fund have on its future price. Vy Oppenheimer 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, Vy Oppenheimer autocorrelation shows the relationship between Vy Oppenheimer mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vy Oppenheimer Global.
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.Other Information on Investing in IGMSX Mutual Fund
Vy Oppenheimer financial ratios help investors to determine whether IGMSX 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 IGMSX with respect to the benefits of owning Vy Oppenheimer security.
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