Oppenheimer Discovery Fund Price on October 25, 2024
| ODIYX Fund | USD 138.35 0.62 0.45% |
Below is the normalized historical share price chart for Oppenheimer Discovery extending back to August 25, 1998. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Oppenheimer Discovery stands at 138.35, as last reported on the 30th of November, with the highest price reaching 138.35 and the lowest price hitting 138.35 during the day.
If you're considering investing in Oppenheimer Mutual Fund, it is important to understand the factors that can impact its price. Oppenheimer Discovery appears to be very steady, given 3 months investment horizon. Oppenheimer Discovery maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenheimer Discovery, which you can use to evaluate the volatility of the fund. Please evaluate Oppenheimer Discovery's Semi Deviation of 1.13, coefficient of variation of 689.72, and Risk Adjusted Performance of 0.1152 to confirm if our risk estimates are consistent with your expectations.
Oppenheimer Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oppenheimer |
Sharpe Ratio = 0.2169
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Estimated Market Risk
| 1.26 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Oppenheimer Discovery is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oppenheimer Discovery by adding it to a well-diversified portfolio.
Oppenheimer Discovery Valuation on October 25, 2024
It is possible to determine the worth of Oppenheimer Discovery on a given historical date. On October 25, 2024 Oppenheimer was worth 125.29 at the beginning of the trading date compared to the closed value of 125.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oppenheimer Discovery mutual fund. Still, in general, we apply an absolute valuation method to find Oppenheimer Discovery's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oppenheimer Discovery where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oppenheimer Discovery's related companies.
| Open | High | Low | Close | Volume | |
| 125.35 | 125.35 | 125.35 | 125.35 | 1.00 | |
10/25/2024 | 125.29 | 125.29 | 125.29 | 125.29 | 1.00 |
| 126.90 | 126.90 | 126.90 | 126.90 | 1.00 |
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Oppenheimer Discovery Trading Date Momentum on October 25, 2024
| On October 28 2024 Oppenheimer Discovery was traded for 126.90 at the closing time. The highest daily price throughout the period was 126.90 and the lowest price was 126.90 . There was no trading activity during the period 1.0. Lack of trading volume on 10/28/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.29% . The trading delta at closing time to current closing price is 0.77% . |
Oppenheimer Discovery Fundamentals Correlations and Trends
By evaluating Oppenheimer Discovery's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oppenheimer Discovery's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oppenheimer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oppenheimer Discovery Mutual Fund history
Oppenheimer Discovery investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oppenheimer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oppenheimer Discovery will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oppenheimer Discovery stock prices may prove useful in developing a viable investing in Oppenheimer Discovery
The fund mainly invests in common stocks of U.S. companies that the portfolio managers believe have favorable growth prospects. It emphasizes stocks of small-capitalization companies. The fund managers consider a small-capitalization company to be one that has a market capitalization, at the time of purchase, within the range of market capitalizations of the Russell 2000 Growth Index. A companys market capitalization is the value of its outstanding common stock.
Oppenheimer Discovery Mutual Fund Technical Analysis
Oppenheimer Discovery technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Oppenheimer Discovery Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Oppenheimer Discovery November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Oppenheimer Discovery mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oppenheimer Discovery shares will generate the highest return on investment. By undertsting and applying Oppenheimer Discovery mutual fund market strength indicators, traders can identify Oppenheimer Discovery entry and exit signals to maximize returns
Oppenheimer Discovery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oppenheimer Discovery's price direction in advance. Along with the technical and fundamental analysis of Oppenheimer Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oppenheimer to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | 0.1503 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.043 | |||
| Treynor Ratio | 0.6678 |
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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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