Oppenhemier Cnsrvtv Invstr Fund Market Value
| OYCIX Fund | USD 9.08 0.01 0.11% |
| Symbol | Oppenhemier |
Oppenhemier Cnsrvtv '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 Oppenhemier Cnsrvtv'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 Oppenhemier Cnsrvtv.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Oppenhemier Cnsrvtv on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenhemier Cnsrvtv Invstr or generate 0.0% return on investment in Oppenhemier Cnsrvtv over 30 days. Oppenhemier Cnsrvtv is related to or competes with Oppenheimer Main, Oppenheimer Intl, Oppenheimer Main, Oppenheimer Global, Oppenheimer Strat, Oppenheimer Strategic, and Oppenheimer Intl. The fund is a fund of funds, and invests its assets in other underlying mutual funds advised by the adviser and exchange... More
Oppenhemier Cnsrvtv 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 Oppenhemier Cnsrvtv'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 Oppenhemier Cnsrvtv Invstr upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2711 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.3371 |
Oppenhemier Cnsrvtv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenhemier Cnsrvtv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenhemier Cnsrvtv's standard deviation. In reality, there are many statistical measures that can use Oppenhemier Cnsrvtv historical prices to predict the future Oppenhemier Cnsrvtv's volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | 0.0591 |
Oppenhemier Cnsrvtv Backtested Returns
At this stage we consider Oppenhemier Mutual Fund to be very steady. Oppenhemier Cnsrvtv maintains Sharpe Ratio (i.e., Efficiency) of 0.0491, which implies the entity had a 0.0491% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenhemier Cnsrvtv, which you can use to evaluate the volatility of the fund. Please check Oppenhemier Cnsrvtv's Coefficient Of Variation of 1464.23, semi deviation of 0.1869, and Risk Adjusted Performance of 0.0316 to confirm if the risk estimate we provide is consistent with the expected return of 0.0124%. The fund holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppenhemier Cnsrvtv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenhemier Cnsrvtv is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Oppenhemier Cnsrvtv Invstr has very weak reverse predictability. Overlapping area represents the amount of predictability between Oppenhemier Cnsrvtv time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Oppenhemier Cnsrvtv price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Oppenhemier Cnsrvtv price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oppenhemier Cnsrvtv lagged returns against current returns
Autocorrelation, which is Oppenhemier Cnsrvtv 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 Oppenhemier Cnsrvtv's mutual fund expected returns. We can calculate the autocorrelation of Oppenhemier Cnsrvtv returns to help us make a trade decision. For example, suppose you find that Oppenhemier Cnsrvtv 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 |
Oppenhemier Cnsrvtv 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 Oppenhemier Cnsrvtv mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenhemier Cnsrvtv mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppenhemier Cnsrvtv mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenhemier Cnsrvtv Lagged Returns
When evaluating Oppenhemier Cnsrvtv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenhemier Cnsrvtv mutual fund have on its future price. Oppenhemier Cnsrvtv 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, Oppenhemier Cnsrvtv autocorrelation shows the relationship between Oppenhemier Cnsrvtv mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenhemier Cnsrvtv Invstr.
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 Oppenhemier Mutual Fund
Oppenhemier Cnsrvtv financial ratios help investors to determine whether Oppenhemier 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 Oppenhemier with respect to the benefits of owning Oppenhemier Cnsrvtv security.
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