Oppenheimer Gr Incm Fund Market Value
| OGINX Fund | USD 46.73 0.38 0.81% |
| Symbol | Oppenheimer |
Oppenheimer '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'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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Oppenheimer on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Gr Incm or generate 0.0% return on investment in Oppenheimer over 30 days. Oppenheimer is related to or competes with Mfs Technology, Dreyfus Technology, Goldman Sachs, Hennessy Technology, Fidelity Advisor, Allianzgi Technology, and Dreyfus Technology. The fund invests mainly in equity securities of issuers in the U.S More
Oppenheimer 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'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 Gr Incm upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9582 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.53 |
Oppenheimer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer's standard deviation. In reality, there are many statistical measures that can use Oppenheimer historical prices to predict the future Oppenheimer's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.16) |
Oppenheimer Gr Incm Backtested Returns
At this stage we consider Oppenheimer Mutual Fund to be very steady. Oppenheimer Gr Incm maintains Sharpe Ratio (i.e., Efficiency) of 0.0138, which implies the entity had a 0.0138% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenheimer Gr Incm, which you can use to evaluate the volatility of the fund. Please check Oppenheimer's Risk Adjusted Performance of 0.0119, semi deviation of 0.9188, and Coefficient Of Variation of 7225.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.0122%. The fund holds a Beta of -0.0144, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oppenheimer are expected to decrease at a much lower rate. During the bear market, Oppenheimer is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
Oppenheimer Gr Incm has good predictability. Overlapping area represents the amount of predictability between Oppenheimer time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Oppenheimer Gr Incm price movement. The serial correlation of 0.77 indicates that around 77.0% of current Oppenheimer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Oppenheimer Gr Incm lagged returns against current returns
Autocorrelation, which is Oppenheimer 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's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer returns to help us make a trade decision. For example, suppose you find that Oppenheimer 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Lagged Returns
When evaluating Oppenheimer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer mutual fund have on its future price. Oppenheimer 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 autocorrelation shows the relationship between Oppenheimer mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Gr Incm.
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 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 security.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |