Oppenheimer Gold Special Fund Volatility Indicators Average True Range
| OGMCX Fund | USD 24.98 0.27 1.09% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Oppenheimer Gold Special volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Oppenheimer Gold Technical Analysis Modules
Most technical analysis of Oppenheimer Gold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Oppenheimer from various momentum indicators to cycle indicators. When you analyze Oppenheimer charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Oppenheimer Gold Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oppenheimer Gold Special. We use our internally-developed statistical techniques to arrive at the intrinsic value of Oppenheimer Gold Special based on widely used predictive technical indicators. In general, we focus on analyzing Oppenheimer Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oppenheimer Gold's daily price indicators and compare them against related drivers, such as volatility indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Oppenheimer Gold's intrinsic value. In addition to deriving basic predictive indicators for Oppenheimer Gold, we also check how macroeconomic factors affect Oppenheimer Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Gold'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.
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Oppenheimer Gold Special 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 Gold 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 Gold will appreciate offsetting losses from the drop in the long position's value.Oppenheimer Gold Pair Trading
Oppenheimer Gold Special Pair Trading Analysis
The ability to find closely correlated positions to Oppenheimer Gold 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 Gold 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 Gold - 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 Gold Special to buy it.
The correlation of Oppenheimer Gold 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 Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oppenheimer Gold Special 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 Gold 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.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.
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