Oppenheimer Gold Risk Adjusted Performance
| OGMCX Fund | | | USD 57.51 1.68 3.01% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is Oppenheimer Gold's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
The Risk Adjusted Performance of 0.0062 for Oppenheimer Gold indicates positive but modest risk-adjusted return. Oppenheimer Gold has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.0062 | |
Risk Adjusted Performance Peers Comparison
The peer group averages 0.01 for Risk Adjusted Performance, with Oppenheimer Gold at 0.0062 falling below that level. Readings span -0.0795 (PGIM Global High) to 0.13 (Mondrian Global Listed). Oppenheimer Gold's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for Oppenheimer Gold and its peers. Each point represents one equity — position along the horizontal axis shows Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Oppenheimer Gold's Maximum Drawdown of
13.14 runs about
2,119 times its Risk Adjusted Performance of
0.01 . This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for Oppenheimer Gold.
Methodology, Assumptions & Data Sources
Oppenheimer Gold's Risk Adjusted Performance currently stands at 0.0062. This Risk Adjusted Performance reading for Oppenheimer Gold results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Oppenheimer Gold operates in the equity precious metals sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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