Oppenheimer Discovery Fd Fund Market Value

OPOCX Fund  USD 96.77  4.40  4.35%   
Oppenheimer Discovery's market value is the price at which a share of Oppenheimer Discovery trades on a public exchange. It measures the collective expectations of Oppenheimer Discovery Fd investors about its performance. Oppenheimer Discovery is trading at 96.77 as of the 19th of December 2024; that is 4.35% down since the beginning of the trading day. The fund's open price was 101.17.
With this module, you can estimate the performance of a buy and hold strategy of Oppenheimer Discovery Fd and determine expected loss or profit from investing in Oppenheimer Discovery over a given investment horizon. Check out Oppenheimer Discovery Correlation, Oppenheimer Discovery Volatility and Oppenheimer Discovery Alpha and Beta module to complement your research on Oppenheimer Discovery.
Symbol

Please note, there is a significant difference between Oppenheimer Discovery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oppenheimer Discovery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oppenheimer Discovery'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 Discovery '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 Discovery'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 Discovery.
0.00
11/19/2024
No Change 0.00  0.0 
In 30 days
12/19/2024
0.00
If you would invest  0.00  in Oppenheimer Discovery on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Discovery Fd or generate 0.0% return on investment in Oppenheimer Discovery over 30 days. Oppenheimer Discovery is related to or competes with Intermediate Government, Davis Government, Goldman Sachs, Payden Government, and Sit Government. The fund mainly invests in common stocks of U.S More

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

Oppenheimer Discovery Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Discovery's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Discovery historical prices to predict the future Oppenheimer Discovery's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
95.2896.7798.26
Details
Intrinsic
Valuation
LowRealHigh
87.0998.75100.24
Details

Oppenheimer Discovery Backtested Returns

Oppenheimer Discovery maintains Sharpe Ratio (i.e., Efficiency) of -0.0361, which implies the entity had a -0.0361% return per unit of risk over the last 3 months. Oppenheimer Discovery exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer Discovery's Coefficient Of Variation of (19,053), variance of 2.27, and Risk Adjusted Performance of 6.0E-4 to confirm the risk estimate we provide. The fund holds a Beta of 1.5, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oppenheimer Discovery will likely underperform.

Auto-correlation

    
  -0.56  

Good reverse predictability

Oppenheimer Discovery Fd has good reverse predictability. Overlapping area represents the amount of predictability between Oppenheimer Discovery time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Discovery price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Oppenheimer Discovery price fluctuation can be explain by its past prices.
Correlation Coefficient-0.56
Spearman Rank Test-0.75
Residual Average0.0
Price Variance22.39

Oppenheimer Discovery lagged returns against current returns

Autocorrelation, which is Oppenheimer Discovery 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 Discovery's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Discovery returns to help us make a trade decision. For example, suppose you find that Oppenheimer Discovery 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  

Oppenheimer Discovery 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 Discovery mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Discovery 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 Discovery mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Oppenheimer Discovery Lagged Returns

When evaluating Oppenheimer Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Discovery mutual fund have on its future price. Oppenheimer Discovery 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 Discovery autocorrelation shows the relationship between Oppenheimer Discovery mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Discovery Fd.
   Regressed Prices   
       Timeline  

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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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