Oppenheimer Target Fund Market Value
| OTFCX Fund | USD 44.08 0.04 0.09% |
| Symbol | Oppenheimer |
Oppenheimer Target '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 Target'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 Target.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Oppenheimer Target on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Target or generate 0.0% return on investment in Oppenheimer Target over 30 days. Oppenheimer Target is related to or competes with Nuveen Winslow, William Blair, Old Westbury, Federated Mdt, Morningstar Unconstrained, T Rowe, and Qs Us. The fund mainly invests in common stocks of growth companies More
Oppenheimer Target 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 Target'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 Target upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.62 |
Oppenheimer Target Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Target's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Target historical prices to predict the future Oppenheimer Target's volatility.| Risk Adjusted Performance | 0.0855 | |||
| Jensen Alpha | 0.1147 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | (2.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Target's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oppenheimer Target Backtested Returns
At this stage we consider Oppenheimer Mutual Fund to be very steady. Oppenheimer Target maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oppenheimer Target, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Target's Risk Adjusted Performance of 0.0855, coefficient of variation of 926.02, and Semi Deviation of 1.11 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of -0.043, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oppenheimer Target are expected to decrease at a much lower rate. During the bear market, Oppenheimer Target is likely to outperform the market.
Auto-correlation | 0.60 |
Good predictability
Oppenheimer Target has good predictability. Overlapping area represents the amount of predictability between Oppenheimer Target time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Target price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Oppenheimer Target price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Oppenheimer Target lagged returns against current returns
Autocorrelation, which is Oppenheimer Target 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 Target's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Target returns to help us make a trade decision. For example, suppose you find that Oppenheimer Target 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 Target 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 Target mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Target 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 Target mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Target Lagged Returns
When evaluating Oppenheimer Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Target mutual fund have on its future price. Oppenheimer Target 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 Target autocorrelation shows the relationship between Oppenheimer Target mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Target.
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 Target 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 Target security.
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