Oppenheimer Corporate Bond Fund Market Value
| OFIIX Fund | USD 9.35 0.03 0.32% |
| Symbol | Oppenheimer |
Oppenheimer Corporate '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 Oppenheimer Corporate'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 Oppenheimer Corporate.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Oppenheimer Corporate on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Corporate Bond or generate 0.0% return on investment in Oppenheimer Corporate over 30 days. Oppenheimer Corporate is related to or competes with Ivy Science, Red Oak, Fidelity Advisor, and Science Technology. Under normal market conditions, the fund will invest at least 80 percent of its net assets in debt securities, and in de... More
Oppenheimer Corporate 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 Oppenheimer Corporate'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 Oppenheimer Corporate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4269 |
Oppenheimer Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Corporate's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Corporate historical prices to predict the future Oppenheimer Corporate's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.2517 |
Oppenheimer Corporate Backtested Returns
Oppenheimer Corporate maintains Sharpe Ratio (i.e., Efficiency) of -0.0325, which implies the entity had a -0.0325% return per unit of risk over the last 3 months. Oppenheimer Corporate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer Corporate's Variance of 0.0878, coefficient of variation of (6,703), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The fund holds a Beta of -0.0573, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oppenheimer Corporate are expected to decrease at a much lower rate. During the bear market, Oppenheimer Corporate is likely to outperform the market.
Auto-correlation | -0.65 |
Very good reverse predictability
Oppenheimer Corporate Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Oppenheimer Corporate time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Oppenheimer Corporate price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Oppenheimer Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oppenheimer Corporate lagged returns against current returns
Autocorrelation, which is Oppenheimer Corporate 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 Oppenheimer Corporate's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Corporate returns to help us make a trade decision. For example, suppose you find that Oppenheimer Corporate 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 |
Oppenheimer Corporate 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 Oppenheimer Corporate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Corporate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppenheimer Corporate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Corporate Lagged Returns
When evaluating Oppenheimer Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Corporate mutual fund have on its future price. Oppenheimer Corporate 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, Oppenheimer Corporate autocorrelation shows the relationship between Oppenheimer Corporate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Corporate Bond.
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 Oppenheimer Mutual Fund
Oppenheimer Corporate financial ratios help investors to determine whether Oppenheimer 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 Oppenheimer with respect to the benefits of owning Oppenheimer Corporate security.
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