Oppenheimer Steelpath Mlp Fund Market Value
MLPTX Fund | USD 8.47 0.05 0.59% |
Symbol | Oppenheimer |
Oppenheimer Steelpath 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Oppenheimer Steelpath's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Oppenheimer Steelpath.
01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Oppenheimer Steelpath on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Steelpath Mlp or generate 0.0% return on investment in Oppenheimer Steelpath over 90 days. Oppenheimer Steelpath is related to or competes with Oppenheimer Main, Oppenheimer Intl, Oppenheimer Main, Oppenheimer Strat, Oppenheimer Strategic, Oppenheimer Intl, and Oppenheimer Intl. Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities. More
Oppenheimer Steelpath Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Oppenheimer Steelpath's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Oppenheimer Steelpath Mlp upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6424 | |||
Information Ratio | 0.1364 | |||
Maximum Drawdown | 3.14 | |||
Value At Risk | (1.02) | |||
Potential Upside | 1.04 |
Oppenheimer Steelpath Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Steelpath's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Steelpath's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Steelpath historical prices to predict the future Oppenheimer Steelpath's volatility.Risk Adjusted Performance | 0.1704 | |||
Jensen Alpha | 0.1169 | |||
Total Risk Alpha | 0.0842 | |||
Sortino Ratio | 0.1356 | |||
Treynor Ratio | 0.2664 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Steelpath's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oppenheimer Steelpath Mlp Backtested Returns
We consider Oppenheimer Steelpath very steady. Oppenheimer Steelpath Mlp maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oppenheimer Steelpath Mlp, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Steelpath's Semi Deviation of 0.2945, coefficient of variation of 362.07, and Risk Adjusted Performance of 0.1704 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The fund holds a Beta of 0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oppenheimer Steelpath's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oppenheimer Steelpath is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
Oppenheimer Steelpath Mlp has very weak predictability. Overlapping area represents the amount of predictability between Oppenheimer Steelpath time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oppenheimer Steelpath Mlp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Oppenheimer Steelpath price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.16 | |
Spearman Rank Test | 0.32 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Oppenheimer Steelpath Mlp lagged returns against current returns
Autocorrelation, which is Oppenheimer Steelpath mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Oppenheimer Steelpath's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Steelpath returns to help us make a trade decision. For example, suppose you find that Oppenheimer Steelpath has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Oppenheimer Steelpath regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Oppenheimer Steelpath mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Steelpath mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oppenheimer Steelpath mutual fund over time.
Current vs Lagged Prices |
Timeline |
Oppenheimer Steelpath Lagged Returns
When evaluating Oppenheimer Steelpath's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Steelpath mutual fund have on its future price. Oppenheimer Steelpath autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Oppenheimer Steelpath autocorrelation shows the relationship between Oppenheimer Steelpath mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Steelpath Mlp.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Oppenheimer Steelpath in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Oppenheimer Steelpath's short interest history, or implied volatility extrapolated from Oppenheimer Steelpath options trading.
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Oppenheimer Steelpath 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.