Oppenhmr Discovery Mid Fund Market Value
| OEGNX Fund | USD 28.11 0.26 0.93% |
| Symbol | Oppenhmr |
Oppenhmr Discovery '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 Oppenhmr Discovery'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 Oppenhmr Discovery.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Oppenhmr Discovery on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Oppenhmr Discovery Mid or generate 0.0% return on investment in Oppenhmr Discovery over 390 days. Oppenhmr Discovery is related to or competes with Vanguard Global, Ms Global, Rbb Fund, Dreyfus/standish, Us Global, and Ab Global. The fund mainly invests in common stocks of U.S More
Oppenhmr Discovery 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 Oppenhmr Discovery'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 Oppenhmr Discovery Mid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.1102 | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.89 |
Oppenhmr Discovery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenhmr Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenhmr Discovery's standard deviation. In reality, there are many statistical measures that can use Oppenhmr Discovery historical prices to predict the future Oppenhmr Discovery's volatility.| Risk Adjusted Performance | 0.1651 | |||
| Jensen Alpha | 0.2028 | |||
| Total Risk Alpha | 0.0779 | |||
| Sortino Ratio | 0.1058 | |||
| Treynor Ratio | 1.5 |
Oppenhmr Discovery Mid Backtested Returns
Oppenhmr Discovery appears to be very steady, given 3 months investment horizon. Oppenhmr Discovery Mid maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oppenhmr Discovery Mid, which you can use to evaluate the volatility of the fund. Please evaluate Oppenhmr Discovery's Semi Deviation of 0.7866, risk adjusted performance of 0.1651, and Coefficient Of Variation of 470.24 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppenhmr Discovery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenhmr Discovery is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
Oppenhmr Discovery Mid has good predictability. Overlapping area represents the amount of predictability between Oppenhmr Discovery time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 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 Oppenhmr Discovery Mid price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Oppenhmr Discovery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
Oppenhmr Discovery Mid lagged returns against current returns
Autocorrelation, which is Oppenhmr Discovery 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 Oppenhmr Discovery's mutual fund expected returns. We can calculate the autocorrelation of Oppenhmr Discovery returns to help us make a trade decision. For example, suppose you find that Oppenhmr Discovery 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 |
Oppenhmr Discovery 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 Oppenhmr Discovery mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenhmr Discovery mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppenhmr Discovery mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenhmr Discovery Lagged Returns
When evaluating Oppenhmr Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenhmr Discovery mutual fund have on its future price. Oppenhmr Discovery 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, Oppenhmr Discovery autocorrelation shows the relationship between Oppenhmr Discovery mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenhmr Discovery Mid.
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 Oppenhmr Mutual Fund
Oppenhmr Discovery financial ratios help investors to determine whether Oppenhmr 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 Oppenhmr with respect to the benefits of owning Oppenhmr Discovery security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |