Optimum Large Cap Fund Market Value
OCLVX Fund | USD 18.85 0.26 1.40% |
Symbol | Optimum |
Optimum Large '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 Optimum Large'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 Optimum Large.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Optimum Large on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Optimum Large Cap or generate 0.0% return on investment in Optimum Large over 30 days. Optimum Large is related to or competes with Icon Information, Towpath Technology, Hennessy Technology, Global Technology, Science Technology, Columbia Global, and Red Oak. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Optimum Large 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 Optimum Large'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 Optimum Large Cap upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5309 | |||
Information Ratio | 0.0145 | |||
Maximum Drawdown | 2.39 | |||
Value At Risk | (0.69) | |||
Potential Upside | 0.8403 |
Optimum Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimum Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimum Large's standard deviation. In reality, there are many statistical measures that can use Optimum Large historical prices to predict the future Optimum Large's volatility.Risk Adjusted Performance | 0.1642 | |||
Jensen Alpha | 0.143 | |||
Total Risk Alpha | 0.0255 | |||
Sortino Ratio | 0.0129 | |||
Treynor Ratio | (1.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Optimum Large'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.
Optimum Large Cap Backtested Returns
We consider Optimum Large very steady. Optimum Large Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Optimum Large Cap, which you can use to evaluate the volatility of the fund. Please check Optimum Large's Semi Deviation of 0.1865, coefficient of variation of 334.6, and Risk Adjusted Performance of 0.1642 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The fund holds a Beta of -0.0952, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Optimum Large are expected to decrease at a much lower rate. During the bear market, Optimum Large is likely to outperform the market.
Auto-correlation | 0.81 |
Very good predictability
Optimum Large Cap has very good predictability. Overlapping area represents the amount of predictability between Optimum Large time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Optimum Large Cap price movement. The serial correlation of 0.81 indicates that around 81.0% of current Optimum Large price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.81 | |
Spearman Rank Test | 0.76 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
Optimum Large Cap lagged returns against current returns
Autocorrelation, which is Optimum Large 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 Optimum Large's mutual fund expected returns. We can calculate the autocorrelation of Optimum Large returns to help us make a trade decision. For example, suppose you find that Optimum Large 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 |
Optimum Large 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 Optimum Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimum Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optimum Large mutual fund over time.
Current vs Lagged Prices |
Timeline |
Optimum Large Lagged Returns
When evaluating Optimum Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimum Large mutual fund have on its future price. Optimum Large 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, Optimum Large autocorrelation shows the relationship between Optimum Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Optimum Large Cap.
Regressed Prices |
Timeline |
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Complementary Tools for Optimum Mutual Fund analysis
When running Optimum Large's price analysis, check to measure Optimum Large'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 Optimum Large is operating at the current time. Most of Optimum Large's value examination focuses on studying past and present price action to predict the probability of Optimum Large's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optimum Large's price. Additionally, you may evaluate how the addition of Optimum Large to your portfolios can decrease your overall portfolio volatility.
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