Oppenheimer Developing Markets Fund Price on July 30, 2024
| ODVNX Fund | USD 38.13 0.30 0.78% |
Below is the normalized historical share price chart for Oppenheimer Developing Markets extending back to April 20, 2001. 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 Developing stands at 38.13, as last reported on the 13th of December 2024, with the highest price reaching 38.13 and the lowest price hitting 38.13 during the day.
If you're considering investing in Oppenheimer Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Oppenheimer Mutual Fund to be very steady. Oppenheimer Developing maintains Sharpe Ratio (i.e., Efficiency) of 4.0E-4, which implies the entity had a 4.0E-4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenheimer Developing, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Developing's Semi Deviation of 0.8546, coefficient of variation of 5172.3, and Risk Adjusted Performance of 0.0167 to confirm if the risk estimate we provide is consistent with the expected return of 4.0E-4%.
Oppenheimer Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oppenheimer |
Sharpe Ratio = 4.0E-4
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| Negative Returns | ODVNX |
Estimated Market Risk
| 1.01 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Oppenheimer Developing is not performing at its full potential. However, 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 Developing by adding Oppenheimer Developing to a well-diversified portfolio.
Oppenheimer Developing Valuation on July 30, 2024
It is possible to determine the worth of Oppenheimer Developing on a given historical date. On July 30, 2024 Oppenheimer was worth 37.82 at the beginning of the trading date compared to the closed value of 37.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oppenheimer Developing mutual fund. Still, in general, we apply an absolute valuation method to find Oppenheimer Developing'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 Developing where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oppenheimer Developing's related companies.
| Open | High | Low | Close | Volume | |
| 38.04 | 38.04 | 38.04 | 38.04 | 1.00 | |
07/30/2024 | 37.82 | 37.82 | 37.82 | 37.82 | 1.00 |
| 38.66 | 38.66 | 38.66 | 38.66 | 1.00 |
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Oppenheimer Developing Trading Date Momentum on July 30, 2024
| On July 31 2024 Oppenheimer Developing Markets was traded for 38.66 at the closing time. The highest daily price throughout the period was 38.66 and the lowest price was 38.66 . There was no trading activity during the period 1.0. Lack of trading volume on 07/31/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 2.22% . The trading delta at closing time to current closing price is 1.40% . |
Oppenheimer Developing Fundamentals Correlations and Trends
By evaluating Oppenheimer Developing'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 Developing'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 Developing Mutual Fund history
Oppenheimer Developing 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 Developing 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 Developing stock prices may prove useful in developing a viable investing in Oppenheimer Developing
The fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100 percent of its total assets in foreign securities. Under normal market conditions, the fund will invest at least 80 percent of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market, i.e. are in a developing market or are economically tied to a developing market country, and in derivatives and other instruments that have economic characteristics similar to such securities.
Oppenheimer Developing Mutual Fund Technical Analysis
Oppenheimer Developing 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 Developing Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Oppenheimer Developing Markets cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Oppenheimer Developing December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Oppenheimer Developing 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 Developing shares will generate the highest return on investment. By undertsting and applying Oppenheimer Developing mutual fund market strength indicators, traders can identify Oppenheimer Developing Markets entry and exit signals to maximize returns
Oppenheimer Developing Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oppenheimer Developing'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 | 0.0167 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0346 |
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Other Information on Investing in Oppenheimer Mutual Fund
Oppenheimer Developing 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 Developing security.
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