Oil Equipment Services Fund Price on March 31, 2023
If you're considering investing in Oil Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Oil Mutual Fund to be very steady. Oil Equipment Services maintains Sharpe Ratio (i.e., Efficiency) of 0.0078, which implies the entity had a 0.0078% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Oil Equipment Services, which you can use to evaluate the volatility of the fund. Please check Oil Equipment's Semi Deviation of 2.82, risk adjusted performance of 0.0134, and Coefficient Of Variation of 12790.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.0245%.
Oil Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oil |
Sharpe Ratio = 0.0078
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OEPIX |
Estimated Market Risk
| 3.13 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Oil Equipment is not performing at its full potential. However, 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 Oil Equipment by adding Oil Equipment 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.
Price Boundaries
Oil Equipment Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Oil Equipment Services 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.
Oil Equipment December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Oil Equipment 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 Oil Equipment shares will generate the highest return on investment. By undertsting and applying Oil Equipment mutual fund market strength indicators, traders can identify Oil Equipment Services entry and exit signals to maximize returns
Oil Equipment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oil Equipment's price direction in advance. Along with the technical and fundamental analysis of Oil Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oil 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 | 0.0134 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0075 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Tools for Oil Mutual Fund
When running Oil Equipment's price analysis, check to measure Oil Equipment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oil Equipment is operating at the current time. Most of Oil Equipment's value examination focuses on studying past and present price action to predict the probability of Oil Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oil Equipment's price. Additionally, you may evaluate how the addition of Oil Equipment to your portfolios can decrease your overall portfolio volatility.
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