Oppenheimer Russell 2000 Etf Profile
| OMFS Etf | USD 34.70 0.24 0.70% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Oppenheimer Russell is selling for under 34.70 as of the 18th of April 2024; that is 0.70 percent up since the beginning of the trading day. The etf's lowest day price was 34.47. Oppenheimer Russell has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Oppenheimer Russell 2000 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of May 2023 and ending today, the 18th of April 2024. Click here to learn more.
The fund generally will invest at least 80 percent of its total assets in the securities that comprise the underlying index. Oppenheimer Russell is traded on BATS Exchange in the United States. More on Oppenheimer Russell 2000
Oppenheimer Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Oppenheimer Russell's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Oppenheimer Russell or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Size And Style ETFs, Small Cap ETFs, Small Blend, Invesco (View all Sectors) |
| Issuer | Invesco |
| Inception Date | 2017-11-08 |
| Benchmark | Russell 2000 OFI Dynamic Multifactor Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 353.45 Million |
| Average Trading Valume | 33,323.7 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Small Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | OFI Advisors, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | OppenheimerFunds Distributor, Inc. |
| Portfolio Manager | Frank Vallario, Donal Bishnoi |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Jun |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 697 |
| Market Maker | RBC Capital Markets |
| Total Expense | 0.39 |
| Management Fee | 0.39 |
| Country Name | USA |
| Returns Y T D | (9.77) |
| Name | Oppenheimer Russell 2000 Dynamic Multifactor |
| Currency Code | USD |
| Open Figi | BBG00P4Y3C41 |
| In Threey Volatility | 20.24 |
| 1y Volatility | 21.67 |
| 200 Day M A | 35.8628 |
| 50 Day M A | 36.4041 |
| Code | OMFS |
| Updated At | 17th of April 2024 |
| Currency Name | US Dollar |
Oppenheimer Russell 2000 [OMFS] is traded in USA and was established 2017-11-08. The fund is listed under Small Blend category and is part of Invesco family. The entity is thematically classified as Size And Style ETFs. Oppenheimer Russell 2000 now have 157.01 M in assets. , while the total return for the last 3 years was -3.1%.
Check Oppenheimer Russell Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Oppenheimer Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Oppenheimer Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Oppenheimer Russell 2000 Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Oppenheimer Russell 2000 Etf Constituents
| COOP | Mr Cooper Group | Stock | Financials |
| EPAM | EPAM Systems | Stock | Information Technology |
| OSTK | Overstockcom | Stock | Consumer Discretionary |
| RLGY | Realogy Holdings Corp | Stock | Real Estate Services |
| CYH | Community Health Systems | Stock | Health Care |
| CAL | Caleres | Stock | Consumer Discretionary |
| HZO | MarineMax | Stock | Consumer Discretionary |
Oppenheimer Russell Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Oppenheimer Russell jumping above the current price in 90 days from now is close to 99%. The Oppenheimer Russell 2000 probability density function shows the probability of Oppenheimer Russell etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.774. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Oppenheimer Russell will likely underperform. Additionally, oppenheimer Russell 2000 has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Oppenheimer Russell to move above the current price in 90 days from now is close to 99 (This Oppenheimer Russell 2000 probability density function shows the probability of Oppenheimer Etf to fall within a particular range of prices over 90 days) .
Oppenheimer Russell Top Holders
| QGRCX | Oppenheimer Gbl Alloc | Mutual Fund | World Allocation |
| QGRNX | Oppenheimer Gbl Alloc | Mutual Fund | World Allocation |
| QGRYX | Oppenheimer Gbl Alloc | Mutual Fund | World Allocation |
| QVGIX | Oppenheimer Gbl Alloc | Mutual Fund | World Allocation |
| QGRIX | Oppenheimer Global Allocation | Mutual Fund | World Allocation |
| GLALX | Aim Investment Securities | Mutual Fund | World Allocation |
Oppenheimer Russell 2000 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Oppenheimer Russell market risk premium is the additional return an investor will receive from holding Oppenheimer Russell 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 Oppenheimer Russell. 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 Oppenheimer Russell's alpha and beta are two of the key measurements used to evaluate Oppenheimer Russell's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.05) |
Oppenheimer Russell Against Markets
Picking the right benchmark for Oppenheimer Russell etf 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 Oppenheimer Russell etf 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 Oppenheimer Russell is critical whether you are bullish or bearish towards Oppenheimer Russell 2000 at a given time. Please also check how Oppenheimer Russell's historical prices are related to one of the top price index indicators.
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How to buy Oppenheimer Etf?
Before investing in Oppenheimer Russell, 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 Oppenheimer Russell. To buy Oppenheimer Russell etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Oppenheimer Russell. 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 Oppenheimer Russell etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Oppenheimer Russell 2000 etf 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 Oppenheimer Russell 2000 etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Oppenheimer Russell 2000, 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 etf 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. For more information on how to buy Oppenheimer Etf please use our How to Invest in Oppenheimer Russell guide.
Already Invested in Oppenheimer Russell 2000?
The danger of trading Oppenheimer Russell 2000 is mainly related to its market volatility and ETF 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 Oppenheimer Russell 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 Oppenheimer Russell. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oppenheimer Russell 2000 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.
When determining whether Oppenheimer Russell 2000 is a strong investment it is important to analyze Oppenheimer Russell's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Oppenheimer Russell's future performance. For an informed investment choice regarding Oppenheimer Etf, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oppenheimer Russell 2000. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Oppenheimer Russell 2000 information on this page should be used as a complementary analysis to other Oppenheimer Russell's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Oppenheimer Russell 2000 is measured differently than its book value, which is the value of Oppenheimer that is recorded on the company's balance sheet. Investors also form their own opinion of Oppenheimer Russell's value that differs from its market value or its book value, called intrinsic value, which is Oppenheimer Russell's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oppenheimer Russell's market value can be influenced by many factors that don't directly affect Oppenheimer Russell's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oppenheimer Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oppenheimer Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oppenheimer Russell'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.