Optimum Small Mid Cap Fund Price on June 28, 2023
| OASVX Fund | USD 15.01 0.10 0.66% |
Below is the normalized historical share price chart for Optimum Small Mid Cap extending back to July 23, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Optimum Small stands at 15.01, as last reported on the 11th of December 2024, with the highest price reaching 15.01 and the lowest price hitting 15.01 during the day.
If you're considering investing in Optimum Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Optimum Mutual Fund to be very steady. Optimum Small Mid maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Optimum Small Mid, which you can use to evaluate the volatility of the fund. Please check Optimum Small's Coefficient Of Variation of 612.79, semi deviation of 0.4754, and Risk Adjusted Performance of 0.121 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%.
Optimum Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Optimum |
Sharpe Ratio = 0.1603
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Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Optimum Small is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Optimum Small by adding it to a well-diversified portfolio.
Optimum Small Valuation on June 28, 2023
It is possible to determine the worth of Optimum Small on a given historical date. On June 28, 2023 Optimum was worth 11.89 at the beginning of the trading date compared to the closed value of 11.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optimum Small mutual fund. Still, in general, we apply an absolute valuation method to find Optimum Small's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Optimum Small where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optimum Small's related companies.
| Open | High | Low | Close | Volume | |
| 11.88 | 11.88 | 11.88 | 11.88 | 1.00 | |
06/28/2023 | 11.89 | 11.89 | 11.89 | 11.89 | 1.00 |
| 12.06 | 12.06 | 12.06 | 12.06 | 1.00 |
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Optimum Small Trading Date Momentum on June 28, 2023
| On June 29 2023 Optimum Small Mid Cap was traded for 12.06 at the closing time. The highest daily price throughout the period was 12.06 and the lowest price was 12.06 . There was no trading activity during the period 1.0. Lack of trading volume on 06/29/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.43% . The trading delta at closing time to current closing price is 2.52% . |
Optimum Small Mid Fundamentals Correlations and Trends
By evaluating Optimum Small's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Optimum Small's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optimum financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optimum Small Mutual Fund history
Optimum Small investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Optimum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optimum Small Mid will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Optimum Small stock prices may prove useful in developing a viable investing in Optimum Small
Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in securities of small- and mid-market capitalization companies . For purposes of this fund, small-market capitalization companies are those companies whose market capitalization is similar to the market capitalization of companies in the Russell 2000 Value Index, and mid-market capitalization companies are those companies whose market capitalization is similar to the market capitalization of companies in the Russell Midcap Value Index.
Optimum Small Mutual Fund Technical Analysis
Optimum Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Optimum Small Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Optimum Small Mid Cap cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Optimum Small December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Optimum Small mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optimum Small shares will generate the highest return on investment. By undertsting and applying Optimum Small mutual fund market strength indicators, traders can identify Optimum Small Mid Cap entry and exit signals to maximize returns
Optimum Small Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optimum Small's price direction in advance. Along with the technical and fundamental analysis of Optimum Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optimum to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.121 | |||
| Jensen Alpha | 0.0146 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0652 | |||
| Treynor Ratio | 0.1259 |
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Other Information on Investing in Optimum Mutual Fund
Optimum Small 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 Small security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |