Optimum Large Cap Fund Market Value

OILGX Fund  USD 26.78  0.16  0.60%   
Optimum Large's market value is the price at which a share of Optimum Large trades on a public exchange. It measures the collective expectations of Optimum Large Cap investors about its performance. Optimum Large is trading at 26.78 as of the 5th of December 2024; that is 0.60 percent up since the beginning of the trading day. The fund's open price was 26.62.
With this module, you can estimate the performance of a buy and hold strategy of Optimum Large Cap and determine expected loss or profit from investing in Optimum Large over a given investment horizon. Check out Optimum Large Correlation, Optimum Large Volatility and Optimum Large Alpha and Beta module to complement your research on Optimum Large.
Symbol

Please note, there is a significant difference between Optimum Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Optimum Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optimum Large's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Optimum Large '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 Optimum Large'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 Optimum Large.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in Optimum Large on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Optimum Large Cap or generate 0.0% return on investment in Optimum Large over 30 days. Optimum Large is related to or competes with Optimum Small, Optimum Small-mid, Ivy Apollo, Optimum Fixed, Ivy Asset, Ivy Small, and Optimum International. The fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, i... More

Optimum Large 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 Optimum Large'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 Optimum Large Cap upside and downside potential and time the market with a certain degree of confidence.

Optimum Large Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimum Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimum Large's standard deviation. In reality, there are many statistical measures that can use Optimum Large historical prices to predict the future Optimum Large's volatility.
Hype
Prediction
LowEstimatedHigh
25.8026.7827.76
Details
Intrinsic
Valuation
LowRealHigh
25.3926.3727.35
Details
Naive
Forecast
LowNextHigh
25.8226.8027.78
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.0126.3226.64
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Optimum Large. Your research has to be compared to or analyzed against Optimum Large's peers to derive any actionable benefits. When done correctly, Optimum Large's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Optimum Large Cap.

Optimum Large Cap Backtested Returns

Optimum Large appears to be very steady, given 3 months investment horizon. Optimum Large Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Optimum Large Cap, which you can use to evaluate the volatility of the fund. Please evaluate Optimum Large's Semi Deviation of 1.07, coefficient of variation of 711.4, and Risk Adjusted Performance of 0.1068 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of -0.0172, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Optimum Large are expected to decrease at a much lower rate. During the bear market, Optimum Large is likely to outperform the market.

Auto-correlation

    
  -0.07  

Very weak reverse predictability

Optimum Large Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Optimum Large time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Optimum Large Cap price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Optimum Large price fluctuation can be explain by its past prices.
Correlation Coefficient-0.07
Spearman Rank Test0.2
Residual Average0.0
Price Variance0.07

Optimum Large Cap lagged returns against current returns

Autocorrelation, which is Optimum Large 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 Optimum Large's mutual fund expected returns. We can calculate the autocorrelation of Optimum Large returns to help us make a trade decision. For example, suppose you find that Optimum Large 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  

Optimum Large 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 Optimum Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimum Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optimum Large mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Optimum Large Lagged Returns

When evaluating Optimum Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimum Large mutual fund have on its future price. Optimum Large 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, Optimum Large autocorrelation shows the relationship between Optimum Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Optimum Large Cap.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Optimum Mutual Fund

Optimum Large financial ratios help investors to determine whether Optimum 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 Optimum with respect to the benefits of owning Optimum Large security.
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