Oberweis Small Cap Opportunities Fund Market Value
| OBSOX Fund | USD 27.01 0.33 1.24% |
| Symbol | Oberweis |
Oberweis Small '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 Small'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 Small.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Oberweis Small on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Oberweis Small Cap Opportunities or generate 0.0% return on investment in Oberweis Small over 720 days. Oberweis Small is related to or competes with T Rowe, T Rowe, Fidelity Small, and Champlain Small. The fund invests normally at least 80 percent of its net assets in the securities of small-cap companies More
Oberweis Small 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 Small'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 Small Cap Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.04 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.9 |
Oberweis Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oberweis Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oberweis Small's standard deviation. In reality, there are many statistical measures that can use Oberweis Small historical prices to predict the future Oberweis Small's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.036 |
Oberweis Small Cap Backtested Returns
At this stage we consider Oberweis Mutual Fund to be very steady. Oberweis Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0527, which implies the entity had a 0.0527% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oberweis Small Cap, which you can use to evaluate the volatility of the fund. Please check Oberweis Small's Coefficient Of Variation of 2166.78, semi deviation of 1.3, and Risk Adjusted Performance of 0.0392 to confirm if the risk estimate we provide is consistent with the expected return of 0.0669%. The fund holds a Beta of 1.36, 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 Small will likely underperform.
Auto-correlation | 0.24 |
Weak predictability
Oberweis Small Cap Opportunities has weak predictability. Overlapping area represents the amount of predictability between Oberweis Small time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Small Cap price movement. The serial correlation of 0.24 indicates that over 24.0% of current Oberweis Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
Oberweis Small Cap lagged returns against current returns
Autocorrelation, which is Oberweis Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Oberweis Small returns to help us make a trade decision. For example, suppose you find that Oberweis Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oberweis Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oberweis Small Lagged Returns
When evaluating Oberweis Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oberweis Small mutual fund have on its future price. Oberweis Small 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 Small autocorrelation shows the relationship between Oberweis Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oberweis Small Cap 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 Small 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 Small security.
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