Oppenheimer Senior Floating Fund Market Value

OOSIX Fund  USD 6.55  0.01  0.15%   
Oppenheimer Senior's market value is the price at which a share of Oppenheimer Senior trades on a public exchange. It measures the collective expectations of Oppenheimer Senior Floating investors about its performance. Oppenheimer Senior is trading at 6.55 as of the 1st of March 2025; that is 0.15 percent decrease since the beginning of the trading day. The fund's open price was 6.56.
With this module, you can estimate the performance of a buy and hold strategy of Oppenheimer Senior Floating and determine expected loss or profit from investing in Oppenheimer Senior over a given investment horizon. Check out Oppenheimer Senior Correlation, Oppenheimer Senior Volatility and Oppenheimer Senior Alpha and Beta module to complement your research on Oppenheimer Senior.
Symbol

Please note, there is a significant difference between Oppenheimer Senior's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oppenheimer Senior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oppenheimer Senior'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.

Oppenheimer Senior '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 Senior'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 Senior.
0.00
03/12/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/01/2025
0.00
If you would invest  0.00  in Oppenheimer Senior on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Senior Floating or generate 0.0% return on investment in Oppenheimer Senior over 720 days. Oppenheimer Senior is related to or competes with Goldman Sachs, Nationwide Bond, Old Westbury, Versatile Bond, Morningstar Defensive, and Intermediate Bond. The fund invests mainly in floating rate loans that hold a senior position in the capital structure of U.S More

Oppenheimer Senior 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 Senior'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 Senior Floating upside and downside potential and time the market with a certain degree of confidence.

Oppenheimer Senior Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Senior's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Senior's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Senior historical prices to predict the future Oppenheimer Senior's volatility.
Hype
Prediction
LowEstimatedHigh
6.386.556.72
Details
Intrinsic
Valuation
LowRealHigh
5.856.027.21
Details

Oppenheimer Senior Backtested Returns

At this stage we consider Oppenheimer Mutual Fund to be very steady. Oppenheimer Senior maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oppenheimer Senior, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Senior's Risk Adjusted Performance of 0.0454, standard deviation of 0.1675, and Downside Deviation of 0.1611 to confirm if the risk estimate we provide is consistent with the expected return of 0.018%. The fund holds a Beta of -0.0102, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oppenheimer Senior are expected to decrease at a much lower rate. During the bear market, Oppenheimer Senior is likely to outperform the market.

Auto-correlation

    
  0.98  

Excellent predictability

Oppenheimer Senior Floating has excellent predictability. Overlapping area represents the amount of predictability between Oppenheimer Senior time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 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 Oppenheimer Senior price movement. The serial correlation of 0.98 indicates that 98.0% of current Oppenheimer Senior price fluctuation can be explain by its past prices.
Correlation Coefficient0.98
Spearman Rank Test0.99
Residual Average0.0
Price Variance0.02

Oppenheimer Senior lagged returns against current returns

Autocorrelation, which is Oppenheimer Senior 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 Senior's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Senior returns to help us make a trade decision. For example, suppose you find that Oppenheimer Senior 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 Senior 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 Senior mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Senior 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 Senior mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Oppenheimer Senior Lagged Returns

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

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Other Information on Investing in Oppenheimer Mutual Fund

Oppenheimer Senior 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 Senior security.
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