Oberweis International Opportunities Fund Market Value
| OBIIX Fund | USD 9.39 0.12 1.29% |
| Symbol | Oberweis |
Oberweis International '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 Oberweis International'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 Oberweis International.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Oberweis International on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Oberweis International Opportunities or generate 0.0% return on investment in Oberweis International over 330 days. Oberweis International is related to or competes with Prudential High, Gmo High, Guggenheim High, Dunham High, Lord Abbett, Pace High, and Pioneer High. The fund invests, under normal circumstances, at least 80 percent of its net assets in securities of companies based out... More
Oberweis International 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 Oberweis International'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 Oberweis International Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7632 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.61 |
Oberweis International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oberweis International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oberweis International's standard deviation. In reality, there are many statistical measures that can use Oberweis International historical prices to predict the future Oberweis International's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.07) |
Oberweis International Backtested Returns
At this stage we consider Oberweis Mutual Fund to be very steady. Oberweis International maintains Sharpe Ratio (i.e., Efficiency) of 0.006, which implies the entity had a 0.006% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oberweis International, which you can use to evaluate the volatility of the fund. Please check Oberweis International's Risk Adjusted Performance of 0.0049, coefficient of variation of 16709.97, and Semi Deviation of 0.7031 to confirm if the risk estimate we provide is consistent with the expected return of 0.0047%. The fund holds a Beta of 0.0758, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oberweis International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oberweis International is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Oberweis International Opportunities has poor predictability. Overlapping area represents the amount of predictability between Oberweis International time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oberweis International price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Oberweis International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Oberweis International lagged returns against current returns
Autocorrelation, which is Oberweis International 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 Oberweis International's mutual fund expected returns. We can calculate the autocorrelation of Oberweis International returns to help us make a trade decision. For example, suppose you find that Oberweis International 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 |
Oberweis International 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 Oberweis International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oberweis International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oberweis International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oberweis International Lagged Returns
When evaluating Oberweis International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oberweis International mutual fund have on its future price. Oberweis International 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, Oberweis International autocorrelation shows the relationship between Oberweis International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oberweis International Opportunities.
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 Oberweis Mutual Fund
Oberweis International financial ratios help investors to determine whether Oberweis 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 Oberweis with respect to the benefits of owning Oberweis International security.
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