Oppenheimer Gold Spec Fund Market Value

OPGSX Fund  USD 23.46  0.39  1.69%   
Oppenheimer Gold's market value is the price at which a share of Oppenheimer Gold trades on a public exchange. It measures the collective expectations of Oppenheimer Gold Spec investors about its performance. Oppenheimer Gold is trading at 23.46 as of the 29th of March 2024; that is 1.69 percent increase since the beginning of the trading day. The fund's open price was 23.07.
With this module, you can estimate the performance of a buy and hold strategy of Oppenheimer Gold Spec and determine expected loss or profit from investing in Oppenheimer Gold over a given investment horizon. Check out Oppenheimer Gold Correlation, Oppenheimer Gold Volatility and Oppenheimer Gold Alpha and Beta module to complement your research on Oppenheimer Gold.
Symbol

Please note, there is a significant difference between Oppenheimer Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oppenheimer Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oppenheimer Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Oppenheimer Gold '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 Gold'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 Gold.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Oppenheimer Gold on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Gold Spec or generate 0.0% return on investment in Oppenheimer Gold over 30 days. Oppenheimer Gold is related to or competes with First Eagle, First Eagle, First Eagle, Oppenheimer Gold, Gold Portfolio, and Scharf Global. The fund invests mainly in common stocks of companies that are involved in mining, processing or dealing in gold or othe... More

Oppenheimer Gold 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 Gold'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 Gold Spec upside and downside potential and time the market with a certain degree of confidence.

Oppenheimer Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Gold's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Gold historical prices to predict the future Oppenheimer Gold's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Gold'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.
Hype
Prediction
LowEstimatedHigh
21.7023.4625.22
Details
Intrinsic
Valuation
LowRealHigh
21.1922.9524.71
Details
Naive
Forecast
LowNextHigh
20.8222.5824.35
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.5221.7223.92
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Oppenheimer Gold. Your research has to be compared to or analyzed against Oppenheimer Gold's peers to derive any actionable benefits. When done correctly, Oppenheimer Gold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Oppenheimer Gold Spec.

Oppenheimer Gold Spec Backtested Returns

We consider Oppenheimer Gold very steady. Oppenheimer Gold Spec maintains Sharpe Ratio (i.e., Efficiency) of 0.0455, which implies the entity had a 0.0455% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oppenheimer Gold Spec, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Gold's Risk Adjusted Performance of 0.0167, semi deviation of 1.65, and Coefficient Of Variation of 5578.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0802%. The fund holds a Beta of 2.05, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oppenheimer Gold will likely underperform.

Auto-correlation

    
  0.43  

Average predictability

Oppenheimer Gold Spec has average predictability. Overlapping area represents the amount of predictability between Oppenheimer Gold time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Gold Spec price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Oppenheimer Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.68
Residual Average0.0
Price Variance0.18

Oppenheimer Gold Spec lagged returns against current returns

Autocorrelation, which is Oppenheimer Gold 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 Gold's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Gold returns to help us make a trade decision. For example, suppose you find that Oppenheimer Gold 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 Gold 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 Gold mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Gold 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 Gold mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Oppenheimer Gold Lagged Returns

When evaluating Oppenheimer Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Gold mutual fund have on its future price. Oppenheimer Gold 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 Gold autocorrelation shows the relationship between Oppenheimer Gold mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Gold Spec.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Oppenheimer Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Oppenheimer Gold's short interest history, or implied volatility extrapolated from Oppenheimer Gold options trading.

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Check out Oppenheimer Gold Correlation, Oppenheimer Gold Volatility and Oppenheimer Gold Alpha and Beta module to complement your research on Oppenheimer Gold.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Oppenheimer Gold's price analysis, check to measure Oppenheimer Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oppenheimer Gold is operating at the current time. Most of Oppenheimer Gold's value examination focuses on studying past and present price action to predict the probability of Oppenheimer Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oppenheimer Gold's price. Additionally, you may evaluate how the addition of Oppenheimer Gold to your portfolios can decrease your overall portfolio volatility.
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Oppenheimer Gold 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.
A focus of Oppenheimer Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Oppenheimer Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...