Oppenheimer Disciplined Value Fund Market Value
| CGRYX Fund | USD 34.93 0.01 0.03% |
| Symbol | Oppenheimer |
Oppenheimer Disciplined '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 Disciplined'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 Disciplined.
| 01/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Oppenheimer Disciplined on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Disciplined Value or generate 0.0% return on investment in Oppenheimer Disciplined over 90 days. Oppenheimer Disciplined is related to or competes with Dodge Cox, American Funds, American Funds, American Mutual, and Vanguard Value. The fund invests, under normal circumstances, at least 80 percent of its net assets in common stocks, and in derivatives... More
Oppenheimer Disciplined 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 Disciplined'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 Disciplined Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8195 | |||
| Information Ratio | 7.0E-4 | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.8777 |
Oppenheimer Disciplined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Disciplined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Disciplined's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Disciplined historical prices to predict the future Oppenheimer Disciplined's volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | 0.0457 | |||
| Total Risk Alpha | (0.0004) | |||
| Sortino Ratio | 5.0E-4 | |||
| Treynor Ratio | 12.75 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Disciplined'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 Disciplined Backtested Returns
We consider Oppenheimer Disciplined very steady. Oppenheimer Disciplined 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 Disciplined, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Disciplined's Risk Adjusted Performance of 0.0551, semi deviation of 0.7465, and Coefficient Of Variation of 1147.72 to confirm if the risk estimate we provide is consistent with the expected return of 0.0776%. The fund holds a Beta of 0.0036, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppenheimer Disciplined's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer Disciplined is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Oppenheimer Disciplined Value has weak predictability. Overlapping area represents the amount of predictability between Oppenheimer Disciplined time series from 19th of January 2024 to 4th of March 2024 and 4th of March 2024 to 18th of April 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 Disciplined price movement. The serial correlation of 0.2 indicates that over 20.0% of current Oppenheimer Disciplined price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Oppenheimer Disciplined lagged returns against current returns
Autocorrelation, which is Oppenheimer Disciplined 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 Disciplined's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Disciplined returns to help us make a trade decision. For example, suppose you find that Oppenheimer Disciplined 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 Disciplined 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 Disciplined mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Disciplined 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 Disciplined mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Disciplined Lagged Returns
When evaluating Oppenheimer Disciplined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Disciplined mutual fund have on its future price. Oppenheimer Disciplined 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 Disciplined autocorrelation shows the relationship between Oppenheimer Disciplined mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Disciplined Value.
Regressed Prices |
| Timeline |
Pair Trading with Oppenheimer Disciplined
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oppenheimer Disciplined position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oppenheimer Disciplined will appreciate offsetting losses from the drop in the long position's value.Moving together with Oppenheimer Mutual Fund
| 0.87 | OSCNX | Oppenheimer Main Street | PairCorr |
| 0.65 | OSCIX | Oppenheimer Intl Small | PairCorr |
| 0.87 | OSCYX | Oppenheimer Main Street | PairCorr |
The ability to find closely correlated positions to Oppenheimer Disciplined could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oppenheimer Disciplined when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oppenheimer Disciplined - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oppenheimer Disciplined Value to buy it.
The correlation of Oppenheimer Disciplined is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oppenheimer Disciplined moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oppenheimer Disciplined moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oppenheimer Disciplined can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Oppenheimer Disciplined Correlation, Oppenheimer Disciplined Volatility and Oppenheimer Disciplined Alpha and Beta module to complement your research on Oppenheimer Disciplined. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Oppenheimer Disciplined technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.