Oppenheimer Flexible Strategies Fund Market Value
| QOPYX Fund | USD 26.37 0.01 0.04% |
| Symbol | Oppenheimer |
Oppenheimer Flexible '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 Flexible'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 Flexible.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Oppenheimer Flexible on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Flexible Strategies or generate 0.0% return on investment in Oppenheimer Flexible over 30 days. Oppenheimer Flexible is related to or competes with Gmo Resources, Goehring Rozencwajg, Jennison Natural, and Hennessy. The funds Adviser exercises a flexible strategy in selecting its investments More
Oppenheimer Flexible 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 Flexible'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 Flexible Strategies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.183 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 0.6914 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.3463 |
Oppenheimer Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Flexible's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Flexible historical prices to predict the future Oppenheimer Flexible's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | 0.0718 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Flexible'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 Flexible Backtested Returns
At this stage we consider Oppenheimer Mutual Fund to be out of control. Oppenheimer Flexible 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. We have found twenty-seven technical indicators for Oppenheimer Flexible, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Flexible's Risk Adjusted Performance of 0.0692, coefficient of variation of 764.53, and Semi Deviation of 0.0441 to confirm if the risk estimate we provide is consistent with the expected return of 0.0289%. The fund holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppenheimer Flexible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer Flexible is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Oppenheimer Flexible Strategies has very good predictability. Overlapping area represents the amount of predictability between Oppenheimer Flexible time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Flexible price movement. The serial correlation of 0.81 indicates that around 81.0% of current Oppenheimer Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Oppenheimer Flexible lagged returns against current returns
Autocorrelation, which is Oppenheimer Flexible 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 Flexible's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Flexible returns to help us make a trade decision. For example, suppose you find that Oppenheimer Flexible 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 Flexible 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 Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Flexible 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 Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Flexible Lagged Returns
When evaluating Oppenheimer Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Flexible mutual fund have on its future price. Oppenheimer Flexible 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 Flexible autocorrelation shows the relationship between Oppenheimer Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Flexible Strategies.
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 Flexible 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 Flexible security.
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