Oppenheimer Main Strt Fund Market Value
| OPMNX Fund | USD 30.41 0.08 0.26% |
| Symbol | Oppenheimer |
Oppenheimer Main '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 Main'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 Main.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Oppenheimer Main on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Main Strt or generate 0.0% return on investment in Oppenheimer Main over 390 days. Oppenheimer Main is related to or competes with Oppenheimer Main, Oppenheimer Intl, Oppenheimer Main, Oppenheimer Global, Oppenheimer Strat, Oppenheimer Strategic, and Oppenheimer Intl. Under normal market conditions, the fund will invest at least 80 percent of its net assets, including any borrowings for... More
Oppenheimer Main 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 Main'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 Main Strt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8316 | |||
| Information Ratio | 0.0594 | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.62 |
Oppenheimer Main Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Main's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Main's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Main historical prices to predict the future Oppenheimer Main's volatility.| Risk Adjusted Performance | 0.1664 | |||
| Jensen Alpha | 0.0497 | |||
| Total Risk Alpha | 0.0331 | |||
| Sortino Ratio | 0.0627 | |||
| Treynor Ratio | 0.1763 |
Oppenheimer Main Strt Backtested Returns
Oppenheimer Main appears to be very steady, given 3 months investment horizon. Oppenheimer Main Strt 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-eight technical indicators for Oppenheimer Main Strt, which you can use to evaluate the volatility of the fund. Please evaluate Oppenheimer Main's Semi Deviation of 0.5568, risk adjusted performance of 0.1664, and Coefficient Of Variation of 462.92 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 1.02, which implies a somewhat significant risk relative to the market. Oppenheimer Main returns are very sensitive to returns on the market. As the market goes up or down, Oppenheimer Main is expected to follow.
Auto-correlation | 0.71 |
Good predictability
Oppenheimer Main Strt has good predictability. Overlapping area represents the amount of predictability between Oppenheimer Main time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Main Strt price movement. The serial correlation of 0.71 indicates that around 71.0% of current Oppenheimer Main price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
Oppenheimer Main Strt lagged returns against current returns
Autocorrelation, which is Oppenheimer Main 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 Main's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Main returns to help us make a trade decision. For example, suppose you find that Oppenheimer Main 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 Main 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 Main mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Main 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 Main mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Main Lagged Returns
When evaluating Oppenheimer Main's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Main mutual fund have on its future price. Oppenheimer Main 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 Main autocorrelation shows the relationship between Oppenheimer Main mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Main Strt.
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 Main 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 Main security.
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