Oppenheimer Steelpath Three Year Return vs. Net Asset

MLPZX Fund  USD 6.34  0.07  1.12%   
Considering the key profitability indicators obtained from Oppenheimer Steelpath's historical financial statements, Oppenheimer Steelpath Mlp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Oppenheimer Steelpath's ability to earn profits and add value for shareholders.
For Oppenheimer Steelpath profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Oppenheimer Steelpath to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Oppenheimer Steelpath Mlp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Oppenheimer Steelpath's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Oppenheimer Steelpath Mlp over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Oppenheimer Steelpath's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oppenheimer Steelpath is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oppenheimer Steelpath'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 Steelpath Mlp Net Asset vs. Three Year Return Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Oppenheimer Steelpath's current stock value. Our valuation model uses many indicators to compare Oppenheimer Steelpath value to that of its competitors to determine the firm's financial worth.
Oppenheimer Steelpath Mlp is regarded second largest fund in three year return among similar funds. It also is regarded second largest fund in net asset among similar funds making up about  139,617,778  of Net Asset per Three Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Oppenheimer Steelpath's earnings, one of the primary drivers of an investment's value.

Oppenheimer Net Asset vs. Three Year Return

Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.

Oppenheimer Steelpath

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
24.86 %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

Oppenheimer Steelpath

Net Asset

 = 

Current Market Value

-

Current Liabilities

 = 
3.47 B
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.

Oppenheimer Net Asset Comparison

Oppenheimer Steelpath is currently under evaluation in net asset among similar funds.

Oppenheimer Steelpath Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Oppenheimer Steelpath, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Oppenheimer Steelpath will eventually generate negative long term returns. The profitability progress is the general direction of Oppenheimer Steelpath's change in net profit over the period of time. It can combine multiple indicators of Oppenheimer Steelpath, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities. The fund is non-diversified.

Oppenheimer Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Oppenheimer Steelpath. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Oppenheimer Steelpath position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Oppenheimer Steelpath's important profitability drivers and their relationship over time.

Use Oppenheimer Steelpath in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oppenheimer Steelpath position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oppenheimer Steelpath will appreciate offsetting losses from the drop in the long position's value.

Oppenheimer Steelpath Pair Trading

Oppenheimer Steelpath Mlp Pair Trading Analysis

The ability to find closely correlated positions to Oppenheimer Steelpath could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oppenheimer Steelpath when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oppenheimer Steelpath - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oppenheimer Steelpath Mlp to buy it.
The correlation of Oppenheimer Steelpath is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oppenheimer Steelpath moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oppenheimer Steelpath Mlp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oppenheimer Steelpath can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Oppenheimer Steelpath position

In addition to having Oppenheimer Steelpath in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Crypto And Gold Thematic Idea Now

Crypto And Gold
Crypto And Gold Theme
Assets that cancel away each other volatility by providing diversification into gold investment combined with digital assets. The Crypto And Gold theme has 54 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Crypto And Gold Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Oppenheimer Mutual Fund

To fully project Oppenheimer Steelpath's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Oppenheimer Steelpath Mlp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Oppenheimer Steelpath's income statement, its balance sheet, and the statement of cash flows.
Potential Oppenheimer Steelpath investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Oppenheimer Steelpath investors may work on each financial statement separately, they are all related. The changes in Oppenheimer Steelpath's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Oppenheimer Steelpath's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges