Oppenheimer Discovery Fd Fund Probability of Future Mutual Fund Price Finishing Under 76.18

ODINX Fund  USD 83.49  0.78  0.94%   
Oppenheimer Discovery's future price is the expected price of Oppenheimer Discovery instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Oppenheimer Discovery Fd performance during a given time horizon utilizing its historical volatility. Check out Oppenheimer Discovery Backtesting, Portfolio Optimization, Oppenheimer Discovery Correlation, Oppenheimer Discovery Hype Analysis, Oppenheimer Discovery Volatility, Oppenheimer Discovery History as well as Oppenheimer Discovery Performance.
  
Please specify Oppenheimer Discovery's target price for which you would like Oppenheimer Discovery odds to be computed.

Oppenheimer Discovery Target Price Odds to finish below 76.18

The tendency of Oppenheimer Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 76.18  or more in 90 days
 83.49 90 days 76.18 
near 1
Based on a normal probability distribution, the odds of Oppenheimer Discovery to drop to $ 76.18  or more in 90 days from now is near 1 (This Oppenheimer Discovery Fd probability density function shows the probability of Oppenheimer Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Oppenheimer Discovery price to stay between $ 76.18  and its current price of $83.49 at the end of the 90-day period is about 6.84 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.45 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Oppenheimer Discovery will likely underperform. Additionally Oppenheimer Discovery Fd has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Oppenheimer Discovery Price Density   
       Price  

Predictive Modules for Oppenheimer Discovery

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oppenheimer Discovery. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
81.9283.4885.04
Details
Intrinsic
Valuation
LowRealHigh
83.3484.9086.46
Details

Oppenheimer Discovery Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Oppenheimer Discovery is not an exception. The market had few large corrections towards the Oppenheimer Discovery's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Oppenheimer Discovery Fd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oppenheimer Discovery within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.1
β
Beta against Dow Jones1.45
σ
Overall volatility
4.07
Ir
Information ratio -0.06

Oppenheimer Discovery Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Oppenheimer Discovery for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oppenheimer Discovery can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Oppenheimer Discovery generated a negative expected return over the last 90 days
The fund generated three year return of -1.0%
Oppenheimer Discovery maintains 96.76% of its assets in stocks

Oppenheimer Discovery Technical Analysis

Oppenheimer Discovery's future price can be derived by breaking down and analyzing its technical indicators over time. Oppenheimer Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oppenheimer Discovery Fd. In general, you should focus on analyzing Oppenheimer Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.

Oppenheimer Discovery Predictive Forecast Models

Oppenheimer Discovery's time-series forecasting models is one of many Oppenheimer Discovery's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Oppenheimer Discovery's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.

Things to note about Oppenheimer Discovery

Checking the ongoing alerts about Oppenheimer Discovery for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oppenheimer Discovery help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Oppenheimer Discovery generated a negative expected return over the last 90 days
The fund generated three year return of -1.0%
Oppenheimer Discovery maintains 96.76% of its assets in stocks

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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