Oppenheimer Developing Markets Fund Market Value
| ODVNX Fund | USD 37.32 0.12 0.32% |
| Symbol | Oppenheimer |
Oppenheimer Developing '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 Oppenheimer Developing'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 Oppenheimer Developing.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Oppenheimer Developing on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Developing Markets or generate 0.0% return on investment in Oppenheimer Developing over 90 days. Oppenheimer Developing is related to or competes with Davis Financial, Davis Financial, Icon Financial, and Royce Global. The fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times... More
Oppenheimer Developing 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 Oppenheimer Developing'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 Oppenheimer Developing Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.48 |
Oppenheimer Developing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Developing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Developing's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Developing historical prices to predict the future Oppenheimer Developing's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.4117 |
Oppenheimer Developing Backtested Returns
Oppenheimer Developing maintains Sharpe Ratio (i.e., Efficiency) of -0.0214, which implies the entity had a -0.0214% return per unit of risk over the last 3 months. Oppenheimer Developing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer Developing's Coefficient Of Variation of (4,680), risk adjusted performance of (0.01), and Variance of 0.9926 to confirm the risk estimate we provide. The fund holds a Beta of -0.076, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oppenheimer Developing are expected to decrease at a much lower rate. During the bear market, Oppenheimer Developing is likely to outperform the market.
Auto-correlation | -0.85 |
Excellent reverse predictability
Oppenheimer Developing Markets has excellent reverse predictability. Overlapping area represents the amount of predictability between Oppenheimer Developing time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Oppenheimer Developing price movement. The serial correlation of -0.85 indicates that around 85.0% of current Oppenheimer Developing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Oppenheimer Developing lagged returns against current returns
Autocorrelation, which is Oppenheimer Developing 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 Oppenheimer Developing's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Developing returns to help us make a trade decision. For example, suppose you find that Oppenheimer Developing 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 |
Oppenheimer Developing 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 Oppenheimer Developing mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Developing mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppenheimer Developing mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Developing Lagged Returns
When evaluating Oppenheimer Developing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Developing mutual fund have on its future price. Oppenheimer Developing 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, Oppenheimer Developing autocorrelation shows the relationship between Oppenheimer Developing mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Developing Markets.
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 Oppenheimer Mutual Fund
Oppenheimer Developing 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 Developing security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |