Oppenheimer Intl Small Fund Market Value
| OSCIX Fund | USD 41.37 0.09 0.22% |
| Symbol | Oppenheimer |
Oppenheimer Intl '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 Intl'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 Intl.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Oppenheimer Intl on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Intl Small or generate 0.0% return on investment in Oppenheimer Intl over 300 days. Oppenheimer Intl is related to or competes with Transamerica Intermediate, Nuveen Massachusetts, Morningstar Municipal, Ishares Municipal, California High-yield, Baird Strategic, and Oklahoma Municipal. Under normal market conditions, the fund will invest at least 80 percent of its net assets, plus borrowings for investme... More
Oppenheimer Intl 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 Intl'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 Intl Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.12 |
Oppenheimer Intl Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Intl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Intl's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Intl historical prices to predict the future Oppenheimer Intl's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.24) |
Oppenheimer Intl Small Backtested Returns
Oppenheimer Intl Small maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the entity had a -0.16% return per unit of risk over the last 3 months. Oppenheimer Intl Small exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oppenheimer Intl's Risk Adjusted Performance of (0.11), coefficient of variation of (678.27), and Variance of 0.6281 to confirm the risk estimate we provide. The fund holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oppenheimer Intl's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer Intl is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Oppenheimer Intl Small has very weak reverse predictability. Overlapping area represents the amount of predictability between Oppenheimer Intl time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Intl Small price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Oppenheimer Intl price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Oppenheimer Intl Small lagged returns against current returns
Autocorrelation, which is Oppenheimer Intl 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 Intl's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Intl returns to help us make a trade decision. For example, suppose you find that Oppenheimer Intl 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 Intl 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 Intl mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Intl 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 Intl mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Intl Lagged Returns
When evaluating Oppenheimer Intl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Intl mutual fund have on its future price. Oppenheimer Intl 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 Intl autocorrelation shows the relationship between Oppenheimer Intl mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Intl Small.
Regressed Prices |
| Timeline |
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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 Intl 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 Intl security.
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