Oil Equipment Services Fund Technical Analysis
| OEPSX Fund | USD 95.73 2.26 2.31% |
As of the 18th of April 2024, Oil Equipment holds the Risk Adjusted Performance of 0.0859, semi deviation of 1.81, and Coefficient Of Variation of 800.07. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Oil Equipment, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Oil Equipment Services, which can be compared to its competitors. Please check Oil Equipment Services coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Oil Equipment Services is priced some-what accurately, providing market reflects its current price of 95.73 per share.
Oil Equipment Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Oil, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OilOil |
Oil Equipment 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.
Oil Equipment Services Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Oil Equipment Services volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Oil Equipment Services Trend Analysis
Use this graph to draw trend lines for Oil Equipment Services. You can use it to identify possible trend reversals for Oil Equipment as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Oil Equipment price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Oil Equipment Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Oil Equipment Services applied against its price change over selected period. The best fit line has a slop of 0.43 , which means Oil Equipment Services will continue generating value for investors. It has 122 observation points and a regression sum of squares at 6935.61, which is the sum of squared deviations for the predicted Oil Equipment price change compared to its average price change.About Oil Equipment Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Oil Equipment Services on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Oil Equipment Services based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Oil Equipment Services price pattern first instead of the macroeconomic environment surrounding Oil Equipment Services. By analyzing Oil Equipment's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Oil Equipment's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Oil Equipment specific price patterns or momentum indicators. Please read more on our technical analysis page.
Oil Equipment April 18, 2024 Technical Indicators
Most technical analysis of Oil help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Oil from various momentum indicators to cycle indicators. When you analyze Oil charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0859 | |||
| Market Risk Adjusted Performance | 0.1476 | |||
| Mean Deviation | 1.75 | |||
| Semi Deviation | 1.81 | |||
| Downside Deviation | 2.12 | |||
| Coefficient Of Variation | 800.07 | |||
| Standard Deviation | 2.19 | |||
| Variance | 4.8 | |||
| Information Ratio | 0.0997 | |||
| Jensen Alpha | 0.1766 | |||
| Total Risk Alpha | 0.1058 | |||
| Sortino Ratio | 0.103 | |||
| Treynor Ratio | 0.1376 | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.55 | |||
| Downside Variance | 4.5 | |||
| Semi Variance | 3.29 | |||
| Expected Short fall | (1.90) | |||
| Skewness | 0.1408 | |||
| Kurtosis | (0.08) |
Oil Equipment Services One Year Return
Based on the recorded statements, Oil Equipment Services has an One Year Return of 19.9426%. This is 61.8% lower than that of the ProFunds family and 60.27% lower than that of the Equity Energy category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.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 state. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.