Oppenheimer Discovery Mid Fund Price on May 10, 5023
| OEGAX Fund | USD 29.40 0.13 0.44% |
Below is the normalized historical share price chart for Oppenheimer Discovery Mid extending back to November 28, 2000. 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 Oppenheimer Discovery stands at 29.40, as last reported on the 14th of December 2024, with the highest price reaching 29.40 and the lowest price hitting 29.40 during the day.
If you're considering investing in Oppenheimer Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Oppenheimer Mutual Fund to be very steady. Oppenheimer Discovery Mid 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 Discovery Mid, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Discovery's Coefficient Of Variation of 751.81, semi deviation of 1.12, and Risk Adjusted Performance of 0.1004 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
Oppenheimer Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oppenheimer |
Sharpe Ratio = 0.1149
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 9 91% of assets perform better |
Based on monthly moving average Oppenheimer Discovery is performing at about 9% 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 Oppenheimer Discovery by adding it to a well-diversified portfolio.
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.
About Oppenheimer Discovery Mutual Fund history
Oppenheimer Discovery 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 Oppenheimer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oppenheimer Discovery 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 Oppenheimer Discovery stock prices may prove useful in developing a viable investing in Oppenheimer Discovery
The fund mainly invests in common stocks of U.S. companies that the portfolio managers expect to have above-average growth rates. It seeks to invest in newer companies or in more established companies that are in the early growth phase of their business cycle, which is typically marked by above average growth rates. The fund will normally invest at least 80 percent of its net assets in equity securities of mid-cap issuers.
Oppenheimer Discovery Mutual Fund Technical Analysis
Oppenheimer Discovery 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
Oppenheimer Discovery Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
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Oppenheimer Discovery December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Oppenheimer Discovery 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 Oppenheimer Discovery shares will generate the highest return on investment. By undertsting and applying Oppenheimer Discovery mutual fund market strength indicators, traders can identify Oppenheimer Discovery Mid entry and exit signals to maximize returns
Oppenheimer Discovery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oppenheimer Discovery's price direction in advance. Along with the technical and fundamental analysis of Oppenheimer Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oppenheimer 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 | 0.1004 | |||
| Jensen Alpha | 0.0468 | |||
| Total Risk Alpha | 4.0E-4 | |||
| Sortino Ratio | 0.0428 | |||
| Treynor Ratio | 0.1314 |
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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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