Oppenheimer Glabal A Fund Market Value
| OPPAX Fund | USD 94.21 0.22 0.23% |
| Symbol | Oppenheimer |
Oppenheimer Glabal '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 Glabal'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 Glabal.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Oppenheimer Glabal on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Glabal A or generate 0.0% return on investment in Oppenheimer Glabal over 30 days. Oppenheimer Glabal is related to or competes with Oppenheimer Discovery, Oppenheimer Discovery, Oppenheimer Global, Oppenheimer Rising, and Oppenheimer International. The fund invests mainly in common stock of U.S More
Oppenheimer Glabal 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 Glabal'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 Glabal A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.96 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.56 |
Oppenheimer Glabal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Glabal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Glabal's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Glabal historical prices to predict the future Oppenheimer Glabal's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.20) |
Oppenheimer Glabal Backtested Returns
Oppenheimer Glabal maintains Sharpe Ratio (i.e., Efficiency) of -0.0849, which implies the entity had a -0.0849% return per unit of risk over the last 3 months. Oppenheimer Glabal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer Glabal's Risk Adjusted Performance of (0.07), coefficient of variation of (1,124), and Variance of 2.71 to confirm the risk estimate we provide. The fund holds a Beta of 0.8, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oppenheimer Glabal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer Glabal is expected to be smaller as well.
Auto-correlation | -0.84 |
Excellent reverse predictability
Oppenheimer Glabal A has excellent reverse predictability. Overlapping area represents the amount of predictability between Oppenheimer Glabal time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Glabal price movement. The serial correlation of -0.84 indicates that around 84.0% of current Oppenheimer Glabal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 36.09 |
Oppenheimer Glabal lagged returns against current returns
Autocorrelation, which is Oppenheimer Glabal 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 Glabal's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Glabal returns to help us make a trade decision. For example, suppose you find that Oppenheimer Glabal 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 Glabal 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 Glabal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Glabal 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 Glabal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Glabal Lagged Returns
When evaluating Oppenheimer Glabal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Glabal mutual fund have on its future price. Oppenheimer Glabal 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 Glabal autocorrelation shows the relationship between Oppenheimer Glabal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Glabal A.
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 Oppenheimer Mutual Fund
Oppenheimer Glabal 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 Glabal security.
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