Oppenheimer International Bond Fund Market Value
| OIBAX Fund | USD 4.33 0.01 0.23% |
| Symbol | Oppenheimer |
Oppenheimer International '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 International'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 International.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Oppenheimer International on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Oppenheimer International Bond or generate 0.0% return on investment in Oppenheimer International over 720 days. Oppenheimer International is related to or competes with The Hartford, Omni Small-cap, Small Pany, M3sixty Capital, Kinetics Small, Touchstone Small, and Ancora/thelen Small-mid. The fund invests mainly in debt securities of foreign government and corporate issuers More
Oppenheimer International 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 International'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 International Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.85 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.6881 |
Oppenheimer International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer International's standard deviation. In reality, there are many statistical measures that can use Oppenheimer International historical prices to predict the future Oppenheimer International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.30) |
Oppenheimer International Backtested Returns
Oppenheimer International maintains Sharpe Ratio (i.e., Efficiency) of -0.0403, which implies the entity had a -0.0403% return per unit of risk over the last 3 months. Oppenheimer International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer International's Coefficient Of Variation of (3,369), variance of 0.1915, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The fund holds a Beta of 0.0754, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppenheimer International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer International is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Oppenheimer International Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oppenheimer International 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 Oppenheimer International price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Oppenheimer International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Oppenheimer International lagged returns against current returns
Autocorrelation, which is Oppenheimer International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer International returns to help us make a trade decision. For example, suppose you find that Oppenheimer International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer International Lagged Returns
When evaluating Oppenheimer International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer International mutual fund have on its future price. Oppenheimer International 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 International autocorrelation shows the relationship between Oppenheimer International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer International 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 International 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 International security.
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