Oberweis China Opportunities Fund Market Value
| OBCHX Fund | USD 6.83 0.12 1.73% |
| Symbol | Oberweis |
Oberweis China 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Oberweis China's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Oberweis China.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Oberweis China on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Oberweis China Opportunities or generate 0.0% return on investment in Oberweis China over 720 days. Oberweis China is related to or competes with Matthews China, T Rowe, Matthews India, and Guinness Atkinson. The fund invests normally at least 80 percent of its net assets in China securities More
Oberweis China Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Oberweis China's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Oberweis China Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.71 |
Oberweis China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oberweis China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oberweis China's standard deviation. In reality, there are many statistical measures that can use Oberweis China historical prices to predict the future Oberweis China's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.0075 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1417 |
Oberweis China Oppor Backtested Returns
At this stage we consider Oberweis Mutual Fund to be somewhat reliable. Oberweis China Oppor maintains Sharpe Ratio (i.e., Efficiency) of 0.0326, which implies the entity had a 0.0326% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oberweis China Oppor, which you can use to evaluate the volatility of the fund. Please check Oberweis China's Semi Deviation of 2.15, risk adjusted performance of 0.0292, and Coefficient Of Variation of 3335.87 to confirm if the risk estimate we provide is consistent with the expected return of 0.0664%. The fund holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oberweis China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oberweis China is expected to be smaller as well.
Auto-correlation | -0.64 |
Very good reverse predictability
Oberweis China Opportunities has very good reverse predictability. Overlapping area represents the amount of predictability between Oberweis China time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oberweis China Oppor price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Oberweis China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Oberweis China Oppor lagged returns against current returns
Autocorrelation, which is Oberweis China mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Oberweis China's mutual fund expected returns. We can calculate the autocorrelation of Oberweis China returns to help us make a trade decision. For example, suppose you find that Oberweis China has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Oberweis China regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Oberweis China mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oberweis China mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oberweis China mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oberweis China Lagged Returns
When evaluating Oberweis China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oberweis China mutual fund have on its future price. Oberweis China autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Oberweis China autocorrelation shows the relationship between Oberweis China mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oberweis China Opportunities.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Oberweis Mutual Fund
Oberweis China financial ratios help investors to determine whether Oberweis 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 Oberweis with respect to the benefits of owning Oberweis China security.
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