Oppenheimer Main Street Fund Price on December 13, 2019
| MIGYX Fund | USD 53.00 0.42 0.79% |
Below is the normalized historical share price chart for Oppenheimer Main Street extending back to March 04, 1998. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Oppenheimer Main stands at 53.00, as last reported on the 18th of April 2024, with the highest price reaching 53.00 and the lowest price hitting 53.00 during the day.
If you're considering investing in Oppenheimer Mutual Fund, it is important to understand the factors that can impact its price. We consider Oppenheimer Main very steady. Oppenheimer Main Street maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenheimer Main Street, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Main's Coefficient Of Variation of 683.1, semi deviation of 0.5536, and Risk Adjusted Performance of 0.0938 to confirm if the risk estimate we provide is consistent with the expected return of 0.0974%.
Oppenheimer Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oppenheimer |
Sharpe Ratio = 0.1326
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Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Oppenheimer Main is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oppenheimer Main by adding it to a well-diversified portfolio.
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.
About Oppenheimer Main Mutual Fund history
Oppenheimer Main investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oppenheimer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oppenheimer Main Street will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oppenheimer Main stock prices may prove useful in developing a viable investing in Oppenheimer Main
The fund mainly invests in common stocks of U.S. companies of different capitalization ranges. It currently considers a larger capitalization issuer to be one that has a market capitalization, at the time of purchase, within the range of market capitalizations of the largest and smallest capitalized issuers included in the Russell 1000 Index. The portfolio managers use fundamental research to select securities for the funds portfolio, which is comprised of both growth and value stocks.
Oppenheimer Main Mutual Fund Technical Analysis
Oppenheimer Main 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.
Price Boundaries
Oppenheimer Main Period Price Range
Oppenheimer Main April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Oppenheimer Main mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oppenheimer Main shares will generate the highest return on investment. By undertsting and applying Oppenheimer Main mutual fund market strength indicators, traders can identify Oppenheimer Main Street entry and exit signals to maximize returns
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 53.0 | |||
| Day Typical Price | 53.0 | |||
| Price Action Indicator | (0.21) | |||
| Period Momentum Indicator | (0.42) | |||
| Relative Strength Index | 76.24 |
Oppenheimer Main Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oppenheimer Main's price direction in advance. Along with the technical and fundamental analysis of Oppenheimer Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oppenheimer to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 0.0536 | |||
| Total Risk Alpha | 0.0453 | |||
| Sortino Ratio | 0.0765 | |||
| Treynor Ratio | 0.0992 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Oppenheimer Main Street. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.