Oppenheimer Gold Spec Fund Market Value

OGMNX Fund  USD 26.24  0.72  2.67%   
Oppenheimer Gold's market value is the price at which a share of Oppenheimer Gold trades on a public exchange. It measures the collective expectations of Oppenheimer Gold Spec investors about its performance. Oppenheimer Gold is trading at 26.24 as of the 14th of December 2024; that is 2.67% down since the beginning of the trading day. The fund's open price was 26.96.
With this module, you can estimate the performance of a buy and hold strategy of Oppenheimer Gold Spec and determine expected loss or profit from investing in Oppenheimer Gold over a given investment horizon. Check out Oppenheimer Gold Correlation, Oppenheimer Gold Volatility and Oppenheimer Gold Alpha and Beta module to complement your research on Oppenheimer Gold.
Symbol

Please note, there is a significant difference between Oppenheimer Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oppenheimer Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oppenheimer Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Oppenheimer Gold '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 Oppenheimer Gold'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 Oppenheimer Gold.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Oppenheimer Gold on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Gold Spec or generate 0.0% return on investment in Oppenheimer Gold over 30 days. Oppenheimer Gold is related to or competes with Oppenheimer Main, Oppenheimer Intl, Oppenheimer Main, Oppenheimer Global, Oppenheimer Strat, Oppenheimer Strategic, and Oppenheimer Intl. The fund invests mainly in common stocks of companies that are involved in mining, processing or dealing in gold or othe... More

Oppenheimer Gold 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 Oppenheimer Gold'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 Oppenheimer Gold Spec upside and downside potential and time the market with a certain degree of confidence.

Oppenheimer Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Gold's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Gold historical prices to predict the future Oppenheimer Gold's volatility.
Hype
Prediction
LowEstimatedHigh
24.5126.2427.97
Details
Intrinsic
Valuation
LowRealHigh
22.5424.2728.86
Details

Oppenheimer Gold Spec Backtested Returns

Oppenheimer Gold Spec maintains Sharpe Ratio (i.e., Efficiency) of -0.0225, which implies the entity had a -0.0225% return per unit of risk over the last 3 months. Oppenheimer Gold Spec exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer Gold's Coefficient Of Variation of 17768.07, semi deviation of 1.68, and Risk Adjusted Performance of 0.0099 to confirm the risk estimate we provide. The fund holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppenheimer Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer Gold is expected to be smaller as well.

Auto-correlation

    
  0.16  

Very weak predictability

Oppenheimer Gold Spec has very weak predictability. Overlapping area represents the amount of predictability between Oppenheimer Gold 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 Oppenheimer Gold Spec price movement. The serial correlation of 0.16 indicates that over 16.0% of current Oppenheimer Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test-0.02
Residual Average0.0
Price Variance0.19
Oppenheimer ReturnsOppenheimer Lagged ReturnsDiversified AwayOppenheimer ReturnsOppenheimer Lagged ReturnsDiversified Away100%

Oppenheimer Gold Spec lagged returns against current returns

Autocorrelation, which is Oppenheimer Gold 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 Oppenheimer Gold's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Gold returns to help us make a trade decision. For example, suppose you find that Oppenheimer Gold 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   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 13-2%0%2%4%6%8%10%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Oppenheimer Gold 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 Oppenheimer Gold mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Gold mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppenheimer Gold mutual fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 1325.425.625.826.026.226.426.626.827.027.2
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Oppenheimer Gold Lagged Returns

When evaluating Oppenheimer Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Gold mutual fund have on its future price. Oppenheimer Gold 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, Oppenheimer Gold autocorrelation shows the relationship between Oppenheimer Gold mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Gold Spec.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Nov 14Nov 18Nov 22Nov 26Nov 30DecDec 08Dec 1225.025.526.026.527.027.528.0
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       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 Oppenheimer Mutual Fund

Oppenheimer Gold 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 Gold security.
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas

Trending Assets

OSIYX
Oppenheimer Strategic
3.12  0.01  0.32 
OSPMX
Oppenheimer Steelpath Mlp
6.65  0.02  0.30 
OSCNX
Oppenheimer Main Street
22.37  -0.11  -0.49 
OSPAX
Oppenheimer Steelpath Mlp
9.41  0.03  0.32 
News Freq…Investor S…