Oberweis Emerging Growth Fund Market Value
| OBEGX Fund | USD 30.99 0.24 0.78% |
| Symbol | Oberweis |
Oberweis Emerging '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 Emerging'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 Emerging.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Oberweis Emerging on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Oberweis Emerging Growth or generate 0.0% return on investment in Oberweis Emerging over 720 days. Oberweis Emerging is related to or competes with Oberweis Micro-cap, Oberweis Small, Oberweis International, Oberweis China, and Heartland Value. The fund normally invests at least 80 percent of its net assets in the securities of relatively small companies, which, ... More
Oberweis Emerging 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 Emerging'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 Emerging Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.82 |
Oberweis Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oberweis Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oberweis Emerging's standard deviation. In reality, there are many statistical measures that can use Oberweis Emerging historical prices to predict the future Oberweis Emerging's volatility.| Risk Adjusted Performance | 0.0354 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.036 |
Oberweis Emerging Growth Backtested Returns
At this stage we consider Oberweis Mutual Fund to be very steady. Oberweis Emerging Growth maintains Sharpe Ratio (i.e., Efficiency) of 0.028, which implies the entity had a 0.028% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oberweis Emerging Growth, which you can use to evaluate the volatility of the fund. Please check Oberweis Emerging's Risk Adjusted Performance of 0.0354, coefficient of variation of 2451.15, and Semi Deviation of 1.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.0356%. The fund holds a Beta of 1.2, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oberweis Emerging will likely underperform.
Auto-correlation | -0.53 |
Good reverse predictability
Oberweis Emerging Growth has good reverse predictability. Overlapping area represents the amount of predictability between Oberweis Emerging 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 Emerging Growth price movement. The serial correlation of -0.53 indicates that about 53.0% of current Oberweis Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
Oberweis Emerging Growth lagged returns against current returns
Autocorrelation, which is Oberweis Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Oberweis Emerging returns to help us make a trade decision. For example, suppose you find that Oberweis Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oberweis Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oberweis Emerging Lagged Returns
When evaluating Oberweis Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oberweis Emerging mutual fund have on its future price. Oberweis Emerging 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 Emerging autocorrelation shows the relationship between Oberweis Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oberweis Emerging Growth.
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 Emerging 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 Emerging security.
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