Vy Oppenheimer Global Fund Market Value
| IOGPX Fund | USD 7.20 0.05 0.69% |
| Symbol | IOGPX |
Vy Oppenheimer 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Vy Oppenheimer's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Vy Oppenheimer.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Vy Oppenheimer on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Vy Oppenheimer Global or generate 0.0% return on investment in Vy Oppenheimer over 30 days. Vy Oppenheimer is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Limited, Voya Bond, Voya Limited, and Voya Emerging. Under normal market conditions, the Portfolio invests mainly in common stocks of U.S More
Vy Oppenheimer Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Vy Oppenheimer's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Vy Oppenheimer Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 21.94 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 1.16 |
Vy Oppenheimer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vy Oppenheimer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vy Oppenheimer's standard deviation. In reality, there are many statistical measures that can use Vy Oppenheimer historical prices to predict the future Vy Oppenheimer's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.6853 |
Vy Oppenheimer Global Backtested Returns
Vy Oppenheimer Global retains Efficiency (Sharpe Ratio) of -0.0717, which indicates the fund had a -0.0717% return per unit of price deviation over the last 3 months. Vy Oppenheimer exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vy Oppenheimer's Standard Deviation of 2.65, mean deviation of 0.9104, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vy Oppenheimer are expected to decrease at a much lower rate. During the bear market, Vy Oppenheimer is likely to outperform the market.
Auto-correlation | 0.34 |
Below average predictability
Vy Oppenheimer Global has below average predictability. Overlapping area represents the amount of predictability between Vy Oppenheimer time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vy Oppenheimer Global price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Vy Oppenheimer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vy Oppenheimer Global lagged returns against current returns
Autocorrelation, which is Vy Oppenheimer mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Vy Oppenheimer's mutual fund expected returns. We can calculate the autocorrelation of Vy Oppenheimer returns to help us make a trade decision. For example, suppose you find that Vy Oppenheimer has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Vy Oppenheimer regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Vy Oppenheimer mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vy Oppenheimer mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vy Oppenheimer mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vy Oppenheimer Lagged Returns
When evaluating Vy Oppenheimer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vy Oppenheimer mutual fund have on its future price. Vy Oppenheimer autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Vy Oppenheimer autocorrelation shows the relationship between Vy Oppenheimer mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vy Oppenheimer Global.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in IOGPX Mutual Fund
Vy Oppenheimer financial ratios help investors to determine whether IOGPX 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 IOGPX with respect to the benefits of owning Vy Oppenheimer security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |