Oil Equipment Services Fund Quote

OEPIX Fund  USD 116.44  2.48  2.18%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 39

 
100  
 
Zero
Below Average
Oil Equipment is trading at 116.44 as of the 28th of March 2024; that is 2.18 percent increase since the beginning of the trading day. The fund's open price was 113.96. Oil Equipment has about a 39 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Oil Equipment Services are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by SP Dow Jones Indices LLC. The index represents the oil gas equipment services segment of the SP Total Market Index, which comprises the following sub-industries oil gas drilling and oil gas equipment services. More on Oil Equipment Services

Moving together with Oil Mutual Fund

  0.8USG USCF Gold Strategy Symbol ChangePairCorr

Moving against Oil Mutual Fund

  0.77UIPIX Ultrashort Mid-capPairCorr
  0.74UIPSX Ultrashort Mid-capPairCorr
  0.51URPIX Ultrabear ProfundPairCorr
  0.51BRPIX Bear Profund BearPairCorr
  0.51BRPSX Bear Profund BearPairCorr
  0.5URPSX Ultrabear ProfundPairCorr

Oil Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Oil Equipment's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Oil Equipment or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaMacroaxis Index (View all Themes)
Fund ConcentrationProFunds Funds, Large Funds, Equity Energy Funds, Macroaxis Index Funds, Equity Energy, ProFunds, Large, Equity Energy (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date30th of November 2022
Fiscal Year EndJuly
Oil Equipment Services [OEPIX] is traded in USA and was established 28th of March 2024. Oil Equipment is listed under ProFunds category by Fama And French industry classification. The fund is listed under Equity Energy category and is part of ProFunds family. The entity is thematically classified as Macroaxis Index. This fund now has accumulated 18.44 M in assets with minimum initial investment of 15 K. Oil Equipment Services is currently producing year-to-date (YTD) return of 11.5%, while the total return for the last 3 years was 20.28%.
Check Oil Equipment Probability Of Bankruptcy

Instrument Allocation

Top Oil Equipment Services Mutual Fund Constituents

SESeaStockCommunication Services
OGEOGE EnergyStockUtilities
HPHelmerich And PayneStockEnergy
SLBSchlumberger NVStockEnergy
RIGTransoceanStockEnergy
PTENPatterson UTI EnergyStockEnergy
WHDCactus IncStockEnergy
More Details

Oil Equipment Target Price Odds Analysis

Based on a normal probability distribution, the odds of Oil Equipment jumping above the current price in 90 days from now is near 1%. The Oil Equipment Services probability density function shows the probability of Oil Equipment mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Oil Equipment has a beta of 0.3273. This indicates as returns on the market go up, Oil Equipment average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Oil Equipment Services will be expected to be much smaller as well. Additionally, oil Equipment Services has an alpha of 0.1305, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 116.44HorizonTargetOdds Above 116.44
98.99%90 days
 116.44 
1.00%
Based on a normal probability distribution, the odds of Oil Equipment to move above the current price in 90 days from now is near 1 (This Oil Equipment Services probability density function shows the probability of Oil Mutual Fund to fall within a particular range of prices over 90 days) .

Oil Equipment Services Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Oil Equipment market risk premium is the additional return an investor will receive from holding Oil Equipment long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Oil Equipment. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Oil Equipment's alpha and beta are two of the key measurements used to evaluate Oil Equipment's performance over the market, the standard measures of volatility play an important role as well.

Oil Equipment Against Markets

Picking the right benchmark for Oil Equipment mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Oil Equipment mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Oil Equipment is critical whether you are bullish or bearish towards Oil Equipment Services at a given time. Please also check how Oil Equipment's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oil Equipment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Oil Mutual Fund?

Before investing in Oil Equipment, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Oil Equipment. To buy Oil Equipment fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Oil Equipment. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Oil Equipment fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Oil Equipment Services fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Oil Equipment Services fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Oil Equipment Services, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Oil Equipment Services?

The danger of trading Oil Equipment Services is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Oil Equipment is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Oil Equipment. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oil Equipment Services is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil Equipment Services. 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 gross domestic product.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Oil Mutual Fund analysis

When running Oil Equipment's price analysis, check to measure Oil Equipment'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 Oil Equipment is operating at the current time. Most of Oil Equipment's value examination focuses on studying past and present price action to predict the probability of Oil Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oil Equipment's price. Additionally, you may evaluate how the addition of Oil Equipment to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Oil Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oil Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oil Equipment'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.