Invesco Oppenheimer Backtesting

EMLDX -- USA Fund  

USD 6.94  0.04  0.57%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Invesco Oppenheimer Emerging Ma and determine expected loss or profit from investing in Invesco Oppenheimer over given investment horizon. Additionally see Invesco Oppenheimer Hype Analysis, Invesco Oppenheimer Correlation, Portfolio Optimization, Invesco Oppenheimer Volatility as well as analyze Invesco Oppenheimer Alpha and Beta and Invesco Oppenheimer Performance.
Horizon     30 Days    Login   to change

Invesco Oppenheimer 'What if' Analysis

August 15, 2019
No Change 0.00  0.0 
In 2 months and 31 days
November 13, 2019
If you would invest  0.00  in Invesco Oppenheimer on August 15, 2019 and sell it all today you would earn a total of 0.00 from holding Invesco Oppenheimer Emerging Ma or generate 0.0% return on investment in Invesco Oppenheimer over 90 days. Invesco Oppenheimer is related to or competes with PIMCO Emerging, Eaton Vance, T Rowe, MFS Emerging, MFS Emerging, MFS Emerging, and MFS Emerging. The fund invests mainly in debt securities of government and corporate issuers in foreign emerging market countries

Invesco Oppenheimer Upside/Downside Indicators

Downside Deviation0.3396
Information Ratio(0.18)
Maximum Drawdown1.34
Value At Risk(0.43)
Potential Upside0.5857

Invesco Oppenheimer Market Premium Indicators

Risk Adjusted Performance0.1067
Jensen Alpha0.046
Total Risk Alpha6.0E-4
Sortino Ratio(0.17)
Treynor Ratio(0.38)

Invesco Oppenheimer Backtested Returns

We consider Invesco Oppenheimer not too volatile. Invesco Oppenheimer holds Efficiency (Sharpe) Ratio of 0.116 which attests that the entity had 0.116% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Invesco Oppenheimer which you can use to evaluate future volatility of the entity. Please check out Invesco Oppenheimer Risk Adjusted Performance of 0.1067, Coefficient Of Variation of 687.97 and Market Risk Adjusted Performance of (0.37) to validate if risk estimate we provide are consistent with the epected return of 0.0417%. The fund retains Market Volatility (i.e. Beta) of -0.0976 which attests that as returns on market increase, returns on owning Invesco Oppenheimer are expected to decrease at a much smaller rate. During bear market, Invesco Oppenheimer is likely to outperform the market. Although it is extremely important to respect Invesco Oppenheimer current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Invesco Oppenheimer technical indicators you can presently evaluate if the expected return of 0.0417% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.70 
correlation synergy

Good predictability

Invesco Oppenheimer Emerging Ma has good predictability. Overlapping area represents the amount of predictability between Invesco Oppenheimer time series from August 15, 2019 to September 29, 2019 and September 29, 2019 to November 13, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Invesco Oppenheimer price movement. The serial correlation of 0.7 indicates that around 70.0% of current Invesco Oppenheimer price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.64
Residual Average0.0
Price Variance0.01

Invesco Oppenheimer lagged returns against current returns

 Current and Lagged Values 

Invesco Oppenheimer regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Invesco Oppenheimer Lagged Returns

 Regressed Prices 

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Invesco Oppenheimer Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Invesco Oppenheimer and PIMCO Emerging Markets. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Additionally see Invesco Oppenheimer Hype Analysis, Invesco Oppenheimer Correlation, Portfolio Optimization, Invesco Oppenheimer Volatility as well as analyze Invesco Oppenheimer Alpha and Beta and Invesco Oppenheimer Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.