Oberweis International Opportunities Fund Market Value
| OBIIX Fund | USD 8.79 0.13 1.50% |
| Symbol | Oberweis |
Oberweis International '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 Oberweis International'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 Oberweis International.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Oberweis International on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Oberweis International Opportunities or generate 0.0% return on investment in Oberweis International over 30 days. Oberweis International is related to or competes with Oppenheimer Intl, Mfs International, Mfs International, and Mfs International. The fund invests normally at least 80 percent of its net assets in securities of companies based outside the United Stat... More
Oberweis International 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 Oberweis International'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 Oberweis International Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8532 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.08 |
Oberweis International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oberweis International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oberweis International's standard deviation. In reality, there are many statistical measures that can use Oberweis International historical prices to predict the future Oberweis International's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0764 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oberweis International'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.
Oberweis International Backtested Returns
We consider Oberweis International very steady. Oberweis International maintains Sharpe Ratio (i.e., Efficiency) of 0.0782, which implies the entity had a 0.0782% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oberweis International, which you can use to evaluate the volatility of the fund. Please check Oberweis International's Risk Adjusted Performance of 0.0726, coefficient of variation of 878.19, and Semi Deviation of 0.6732 to confirm if the risk estimate we provide is consistent with the expected return of 0.0578%. The fund holds a Beta of 0.97, which implies possible diversification benefits within a given portfolio. Oberweis International returns are very sensitive to returns on the market. As the market goes up or down, Oberweis International is expected to follow.
Auto-correlation | 0.08 |
Virtually no predictability
Oberweis International Opportunities has virtually no predictability. Overlapping area represents the amount of predictability between Oberweis International time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Oberweis International price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Oberweis International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Oberweis International lagged returns against current returns
Autocorrelation, which is Oberweis International 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 Oberweis International's mutual fund expected returns. We can calculate the autocorrelation of Oberweis International returns to help us make a trade decision. For example, suppose you find that Oberweis International 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 |
Oberweis International 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 Oberweis International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oberweis International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oberweis International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oberweis International Lagged Returns
When evaluating Oberweis International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oberweis International mutual fund have on its future price. Oberweis International 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, Oberweis International autocorrelation shows the relationship between Oberweis International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oberweis International Opportunities.
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 Oberweis International 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, Oberweis International's short interest history, or implied volatility extrapolated from Oberweis International options trading.
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Oberweis International 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.