Oppenheimer Global Multi Asset Fund Market Value
| QMGYX Fund | USD 10.79 0.13 1.22% |
| Symbol | Oppenheimer |
Oppenheimer Global '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 Global'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 Global.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Oppenheimer Global on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Global Multi Asset or generate 0.0% return on investment in Oppenheimer Global over 720 days. Oppenheimer Global is related to or competes with Oppenheimer Main, Oppenheimer Intl, Oppenheimer Main, Oppenheimer Global, Oppenheimer Strat, Oppenheimer Strategic, and Oppenheimer Intl. The fund seeks to achieve its investment objective by investing mainly in a broad range of international equity securiti... More
Oppenheimer Global 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 Global'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 Global Multi Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5777 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.8403 |
Oppenheimer Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Global's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Global historical prices to predict the future Oppenheimer Global's volatility.| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.048 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.6042 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Global'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 Global Backtested Returns
We consider Oppenheimer Global very steady. Oppenheimer Global maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oppenheimer Global, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Global's Risk Adjusted Performance of 0.0753, coefficient of variation of 797.85, and Semi Deviation of 0.459 to confirm if the risk estimate we provide is consistent with the expected return of 0.0562%. The fund holds a Beta of 0.0914, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oppenheimer Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer Global is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
Oppenheimer Global Multi Asset has weak predictability. Overlapping area represents the amount of predictability between Oppenheimer Global time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Global price movement. The serial correlation of 0.24 indicates that over 24.0% of current Oppenheimer Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Oppenheimer Global lagged returns against current returns
Autocorrelation, which is Oppenheimer Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Global returns to help us make a trade decision. For example, suppose you find that Oppenheimer Global 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 |
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Oppenheimer Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oppenheimer Global Lagged Returns
When evaluating Oppenheimer Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Global mutual fund have on its future price. Oppenheimer Global 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 Global autocorrelation shows the relationship between Oppenheimer Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Global Multi Asset.
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 Global 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 Global's short interest history, or implied volatility extrapolated from Oppenheimer Global options trading.
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Check out Oppenheimer Global Correlation, Oppenheimer Global Volatility and Oppenheimer Global Alpha and Beta module to complement your research on Oppenheimer Global. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Oppenheimer Global 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.