Oppenheimer Discovery Competition

Mutual Funds . USA . 
Fund . Oppenheimer Discovery Fd
ODINX Fund  USD 82.87  0.69  0.84%   
Oppenheimer Discovery competes with Oppenheimer Main, Oppenheimer Intl, Oppenheimer Main, Oppenheimer Global, and Oppenheimer Strat; as well as few others. The fund is listed under Small Growth category and is part of OppenheimerFunds family. Analyzing Oppenheimer Discovery competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Oppenheimer Discovery to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Oppenheimer Discovery Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Oppenheimer Discovery competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
80.6082.1583.70
Details
Intrinsic
Valuation
LowRealHigh
73.9683.9185.46
Details
Naive
Forecast
LowNextHigh
75.4076.9578.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
81.9892.03102.07
Details

Oppenheimer Discovery Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Oppenheimer Discovery and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Oppenheimer and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Oppenheimer Discovery does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
OSMNX
+ 1.0
OSCIX
OSMYX
+ 1.0
OSCIX
OSMYX
+ 1.0
OSMNX
OSIYX
+ 0.98
OSIIX
OSINX
+ 0.96
OSIIX
OSPMX
+ 0.95
OSPAX
  
High negative correlations   
OSPAX
- 0.59
OSMYX
OSPAX
- 0.59
OSMNX
OSPAX
- 0.59
OSCIX
OSPAX
- 0.53
OSINX
OSPAX
- 0.51
OSIIX
OSPMX
- 0.45
OSMYX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Discovery Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Oppenheimer Discovery's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OSCNX  0.94 (0.07) 0.00 (0.27) 0.00 
 0.00 
 1.71 
(1.54)
 11.83 
OSCIX  0.75 (0.34) 0.00 (0.58) 0.00 
 0.00 
 0.98 
(1.22)
 13.07 
OSCYX  0.91 (0.12) 0.00 (0.06) 0.00 
 0.00 
 1.69 
(1.52)
 11.69 
OSIIX  0.23 (0.06) 0.00 (0.72) 0.00 
 0.00 
 0.33 
(0.64)
 1.95 
OSINX  0.23 (0.06) 0.00 (0.40) 0.00 
 0.00 
 0.33 
(0.64)
 1.94 
OSIYX  0.26 (0.05) 0.00 (0.71) 0.00 
 0.00 
 0.33 
(0.64)
 1.94 
OSMNX  0.75 (0.35) 0.00 (0.59) 0.00 
 0.00 
 0.95 
(1.23)
 13.08 
OSMYX  0.74 (0.34) 0.00 (0.58) 0.00 
 0.00 
 0.96 
(1.23)
 12.96 
OSPAX  0.72  0.08  0.05  0.33  0.98 
(0.75)
 1.45 
(1.63)
 5.87 
OSPMX  0.59  0.02  0.00  0.10  0.72 
(0.66)
 1.52 
(1.32)
 4.39 
All Fundamental Data

Oppenheimer Discovery Competitive Analysis

The better you understand Oppenheimer Discovery competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Oppenheimer Discovery's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Oppenheimer Discovery's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ODINX OSCNX OSCIX OSCYX OSIIX OSINX OSIYX OSMNX OSMYX OSPAX
 0.84 
 82.87 
Oppenheimer
 0.33 
 21.21 
Oppenheimer
 0.30 
 36.54 
Oppenheimer
 0.59 
 22.32 
Oppenheimer
 0.97 
 3.06 
Oppenheimer
 0.65 
 3.09 
Oppenheimer
 0.97 
 3.07 
Oppenheimer
 0.30 
 33.74 
Oppenheimer
 0.30 
 36.35 
Oppenheimer
 0.11 
 8.97 
Oppenheimer
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Modest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Under Valued
Fairly Valued
Under Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Under Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Hold
Strong Hold
Strong Hold
Cautious Hold
Hold
Hold
Strong Hold
Strong Hold
Strong Hold
Net Asset
2.7 B
666.93 M
11.09 B
718.76 M
3.76 B
3.49 B
3.76 B
9.15 B
11.09 B
2.44 B
Minimum Initial Investment
N/A
N/A
N/A
1 K
N/A
N/A
1 K
N/A
N/A
1000 K
Price To Book
4.79
1.87
2.86
1.9
2.36
1.1
1.1
2.86
2.86
1.51
Five Year Return
12.18
11.45
1.54
12.01
0.45
-0.21
0.34
1.19
1.71
19.16
One Year Return
30.49
22.67
-0.0012
23.23
5.93
5.35
5.82
2.1
2.63
46.08
Last Dividend Paid
N/A
0.01
N/A
0.01
0.01
0.01
0.01
N/A
N/A
0.03
Price To Earning
34.66
19.85
2.16
19.25
13.36
15.78
15.78
2.01
2.15
21.69
Price To Sales
2.99
0.95
1.45
1.0
0.45
0.87
0.87
1.45
1.45
1.07
Cash Position Weight
3.24
1.42
1.28
0.78
37.75
37.75
42.9
1.28
1.02
N/A
Equity Positions Weight
96.76
98.59
97.97
99.22
0.56
0.56
0.01
97.97
98.98
100.0
Three Year Return
2.64
6.1
-7.85
6.63
0.65
-0.0416
0.55
-8.46
-7.99
32.82
Annual Yield
N/A
0.0055
0.0124
0.0052
0.0583
0.0521
0.0572
0.0065
0.0111
0.0435
Year To Date Return
27.35
18.03
1.03
18.57
4.36
3.76
4.59
1.28
1.72
43.12
Bond Positions Weight
N/A
N/A
N/A
N/A
-7.79
-7.79
44.07
N/A
N/A
N/A
Ten Year Return
14.94
N/A
14.13
N/A
3.72
3.09
3.62
13.4
14.06
-1.5
Day Typical Price
82.87
21.21
36.54
22.32
3.06
3.09
3.07
33.74
36.35
8.97
Daily Balance Of Power
9.2 T
(9,223,372,036,855)
9.2 T
9.2 T
(9,223,372,036,855)
9.2 T
(9,223,372,036,855)
9.2 T
9.2 T
9.2 T
Period Momentum Indicator
0.69
(0.07)
0.11
0.13
(0.03)
0.02
(0.03)
0.1
0.11
0.01
Rate Of Daily Change
1.01
1.0
1.0
1.01
0.99
1.01
0.99
1.0
1.0
1.0
Day Median Price
82.87
21.21
36.54
22.32
3.06
3.09
3.07
33.74
36.35
8.97
Price Action Indicator
0.34
(0.04)
0.055
0.065
(0.01)
0.01
(0.01)
0.05
0.055
0.005
Relative Strength Index
36.41
39.51
20.94
39.85
51.52
47.91
54.74
20.8
21.0
52.5
Coefficient Of Variation
(2,967)
(2,622)
(466.10)
(1,828)
(666.80)
(700.00)
(890.74)
(462.73)
(464.26)
1077.94
Mean Deviation
1.04
0.9419
0.7477
0.9116
0.2339
0.2323
0.257
0.7478
0.7437
0.7208
Jensen Alpha
(0.09)
(0.07)
(0.34)
(0.12)
(0.06)
(0.06)
(0.05)
(0.35)
(0.34)
0.0762
Total Risk Alpha
(0.10)
(0.11)
(0.37)
(0.13)
(0.07)
(0.07)
(0.06)
(0.38)
(0.37)
0.0541
Sortino Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0526
Downside Variance
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.28
Standard Deviation
1.53
1.47
1.5
1.44
0.3214
0.3339
0.342
1.5
1.49
0.9892
Kurtosis
5.5
7.4
36.3
7.82
1.28
1.67
0.6491
36.47
36.08
1.72
Potential Upside
2.04
1.71
0.9753
1.69
0.3268
0.3257
0.3279
0.9521
0.9574
1.45
Treynor Ratio
(0.04)
(0.27)
(0.58)
(0.06)
(0.72)
(0.40)
(0.71)
(0.59)
(0.58)
0.3289
Maximum Drawdown
11.46
11.83
13.07
11.69
1.95
1.94
1.94
13.08
12.96
5.87
Variance
2.34
2.18
2.25
2.07
0.1033
0.1115
0.117
2.25
2.22
0.9784
Market Risk Adjusted Performance
(0.03)
(0.26)
(0.57)
(0.05)
(0.71)
(0.39)
(0.70)
(0.58)
(0.57)
0.3389
Risk Adjusted Performance
(0.02)
(0.03)
(0.17)
(0.04)
(0.13)
(0.13)
(0.10)
(0.17)
(0.17)
0.0755
Skewness
(0.74)
(0.72)
(5.17)
(0.72)
(0.15)
(0.08)
(0.06)
(5.19)
(5.14)
(0.34)
Semi Deviation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.984
Information Ratio
(0.05)
(0.06)
(0.24)
(0.08)
(0.25)
(0.24)
(0.21)
(0.24)
(0.24)
0.0602
Value At Risk
(2.09)
(1.54)
(1.22)
(1.52)
(0.64)
(0.64)
(0.64)
(1.23)
(1.23)
(1.63)
Expected Short fall
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(0.75)
Downside Deviation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.13
Semi Variance
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.9683

Oppenheimer Discovery Competition Performance Charts

Five steps to successful analysis of Oppenheimer Discovery Competition

Oppenheimer Discovery's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Oppenheimer Discovery in relation to its competition. Oppenheimer Discovery's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Oppenheimer Discovery in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Oppenheimer Discovery's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Oppenheimer Discovery, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Oppenheimer Discovery position

In addition to having Oppenheimer Discovery in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Realty Funds Theme or any other thematic opportunities.
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Other Information on Investing in Oppenheimer Mutual Fund

Oppenheimer Discovery 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 Discovery security.
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