Oil Equipment Services Fund Quote
| OEPSX Fund | USD 95.83 0.10 0.10% |
Performance9 of 100
| Odds Of DistressLess than 19
|
Oil Equipment is trading at 95.83 as of the 19th of April 2024; that is 0.10 percent up since the beginning of the trading day. The fund's open price was 95.73. Oil Equipment has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a 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 20th of January 2024 and ending today, the 19th of April 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
| 0.75 | LGPIX | Large Cap Growth | PairCorr |
Moving against Oil Mutual Fund
| 0.81 | UIPIX | Ultrashort Mid Cap Steady Growth | PairCorr |
| 0.81 | UIPSX | Ultrashort Mid Cap Steady Growth | PairCorr |
| 0.74 | BRPSX | Bear Profund Bear Steady Growth | PairCorr |
| 0.73 | BRPIX | Bear Profund Bear Steady Growth | PairCorr |
| 0.54 | GVPIX | Us Government Plus | PairCorr |
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 Idea | Macroaxis Index (View all Themes) |
| Fund Concentration | ProFunds Funds, Large Funds, Equity Energy Funds, Macroaxis Index Funds, Equity Energy, ProFunds, Large, Equity Energy (View all Sectors) |
| Update Date | 31st of March 2024 |
Oil Equipment Services [OEPSX] is traded in USA and was established 19th of April 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 8.11 M in assets with no minimum investment requirementsOil Equipment Services is currently producing year-to-date (YTD) return of 11.86%, while the total return for the last 3 years was 22.64%.
Check Oil Equipment Probability Of Bankruptcy
Instrument Allocation
Top Oil Equipment Services Mutual Fund Constituents
| SE | Sea | Stock | Communication Services |
| OGE | OGE Energy | Stock | Utilities |
| HP | Helmerich and Payne | Stock | Energy |
| VAL | Valaris | Stock | Energy |
| SLB | Schlumberger NV | Stock | Energy |
| RIG | Transocean | Stock | Energy |
| PTEN | Patterson UTI Energy | Stock | Energy |
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 about 32.12%. 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 the mutual fund has a beta coefficient of 1.8548. 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, Oil Equipment will likely underperform. Additionally, oil Equipment Services has an alpha of 0.2047, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Oil Equipment to move above the current price in 90 days from now is about 32.12 (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.
| Mean Deviation | 1.7 | |||
| Semi Deviation | 1.72 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.62 |
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.Did you try this?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
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 state. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..