Oppenheimer Gold Special Fund Quote

OGMCX Fund  USD 20.86  0.34  1.66%   

Performance

2 of 100

 
Low
 
High
Weak

Odds Of Distress

Less than 43

 
100  
 
Zero
Below Average
Oppenheimer Gold is trading at 20.86 as of the 29th of March 2024; that is 1.66 percent up since the beginning of the trading day. The fund's open price was 20.52. Oppenheimer Gold has about a 43 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 Oppenheimer Gold Special are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
The fund invests mainly in common stocks of companies that are involved in mining, processing or dealing in gold or other metals or minerals, gold bullion, other physical metals, and precious metals-related ETFs and may invest all of its assets in those securities. More on Oppenheimer Gold Special

Moving together with Oppenheimer Mutual Fund

  0.71USG USCF Gold Strategy Symbol ChangePairCorr
  0.73REINX Invesco Real EstatePairCorr

Oppenheimer 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. Oppenheimer Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Oppenheimer Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaPrecious Metals Funds (View all Themes)
Fund ConcentrationInvesco Funds, Large Funds, Equity Precious Metals Funds, Precious Metals Funds, Equity Precious Metals, Invesco, Large, Equity Precious Metals (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date26th of August 2022
Fiscal Year EndApril
Oppenheimer Gold Special [OGMCX] is traded in USA and was established 29th of March 2024. Oppenheimer Gold is listed under Invesco category by Fama And French industry classification. The fund is listed under Equity Precious Metals category and is part of Invesco family. The entity is thematically classified as Precious Metals Funds. This fund now has accumulated 1.9 B in assets with no minimum investment requirementsOppenheimer Gold Special is currently producing year-to-date (YTD) return of 5.59% with the current yeild of 0.0%, while the total return for the last 3 years was -4.71%.
Check Oppenheimer Gold Probability Of Bankruptcy

Instrument 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 Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Oppenheimer Mutual Fund, 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 Gold Special Mutual Fund, 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 Gold Special Mutual Fund Constituents

EDVVanguard Extended DurationEtfLong Government
RGLDRoyal GoldStockMaterials
CDECoeur MiningStockMaterials
EDVMFEndeavour Mining CorpOTC StockMaterials
NEMNewmont Goldcorp CorpStockMaterials
More Details

Oppenheimer Gold Target Price Odds Analysis

Based on a normal probability distribution, the odds of Oppenheimer Gold jumping above the current price in 90 days from now is roughly 2.95%. The Oppenheimer Gold Special probability density function shows the probability of Oppenheimer Gold 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 2.0606. 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 Gold will likely underperform. Additionally, oppenheimer Gold Special has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 20.86HorizonTargetOdds Above 20.86
97.01%90 days
 20.86 
2.95%
Based on a normal probability distribution, the odds of Oppenheimer Gold to move above the current price in 90 days from now is roughly 2.95 (This Oppenheimer Gold Special probability density function shows the probability of Oppenheimer Mutual Fund to fall within a particular range of prices over 90 days) .

Oppenheimer Gold Special Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Oppenheimer Gold market risk premium is the additional return an investor will receive from holding Oppenheimer Gold 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 Gold. 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 Gold's alpha and beta are two of the key measurements used to evaluate Oppenheimer Gold's performance over the market, the standard measures of volatility play an important role as well.

Oppenheimer Gold Against Markets

Picking the right benchmark for Oppenheimer Gold 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 Oppenheimer Gold 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 Oppenheimer Gold is critical whether you are bullish or bearish towards Oppenheimer Gold Special at a given time. Please also check how Oppenheimer Gold'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 Oppenheimer Gold 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 Oppenheimer Mutual Fund?

Before investing in Oppenheimer Gold, 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 Gold. To buy Oppenheimer Gold fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Oppenheimer Gold. 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 Gold fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Oppenheimer Gold Special 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 Oppenheimer Gold Special 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 Oppenheimer Gold Special, 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 Oppenheimer Gold Special?

The danger of trading Oppenheimer Gold Special 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 Oppenheimer Gold 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 Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oppenheimer Gold Special 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 Oppenheimer Gold Special. 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 main economic indicators.
Note that the Oppenheimer Gold Special information on this page should be used as a complementary analysis to other Oppenheimer Gold'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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