Oil Equipment Services Fund Price on October 31, 2024
| OEPSX Fund | USD 77.43 1.24 1.58% |
Below is the normalized historical share price chart for Oil Equipment Services extending back to June 05, 2006. 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 Oil Equipment stands at 77.43, as last reported on the 14th of December 2024, with the highest price reaching 77.43 and the lowest price hitting 77.43 during the day.
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 0.0066, which implies the entity had a 0.0066% return per unit of risk over the last 3 months. We have found twenty-seven 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 2.72, risk adjusted performance of 0.0283, and Coefficient Of Variation of 3523.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.0207%.
Oil Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oil |
Sharpe Ratio = 0.0066
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| Negative Returns | OEPSX |
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.
Oil Equipment Valuation on October 31, 2024
It is possible to determine the worth of Oil Equipment on a given historical date. On October 31, 2024 Oil was worth 74.22 at the beginning of the trading date compared to the closed value of 74.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oil Equipment mutual fund. Still, in general, we apply an absolute valuation method to find Oil Equipment'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 Oil Equipment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oil Equipment's related companies.
| Open | High | Low | Close | Volume | |
| 73.76 | 73.76 | 73.76 | 73.76 | 1.00 | |
10/31/2024 | 74.22 | 74.22 | 74.22 | 74.22 | 1.00 |
| 72.52 | 72.52 | 72.52 | 72.52 | 1.00 |
| Backtest Oil Equipment | | | Oil Equipment History | | | Oil Equipment Valuation | Previous | Next |
Oil Equipment Trading Date Momentum on October 31, 2024
| On November 01 2024 Oil Equipment Services was traded for 72.52 at the closing time. The highest daily price throughout the period was 72.52 and the lowest price was 72.52 . There was no trading activity during the period 1.0. Lack of trading volume on 11/01/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 2.29% . The trading delta at closing time to current closing price is 16.11% . |
Oil Equipment Services Fundamentals Correlations and Trends
By evaluating Oil Equipment'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 Oil Equipment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oil financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oil Equipment Mutual Fund history
Oil Equipment 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 Oil is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oil Equipment Services 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 Oil Equipment stock prices may prove useful in developing a viable investing in Oil Equipment
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by SP Dow Jones Indices LLC. The index represents the oil gas equipment services segment of the SP Total Market Index, which comprises the following sub-industries oil gas drilling and oil gas equipment services. It is non-diversified.
Oil Equipment Mutual Fund Technical Analysis
Oil Equipment 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
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 | 0.0283 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0393 |
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Other Information on Investing in Oil Mutual Fund
Oil Equipment financial ratios help investors to determine whether Oil 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 Oil with respect to the benefits of owning Oil Equipment security.
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