Oppenheimer International Growth Fund Market Value
| OIGCX Fund | USD 31.77 0.22 0.69% |
| Symbol | Oppenheimer |
Oppenheimer 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 Oppenheimer 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 Oppenheimer International.
| 05/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Oppenheimer International on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding Oppenheimer International Growth or generate 0.0% return on investment in Oppenheimer International over 690 days. Oppenheimer International is related to or competes with Europacific Growth, Europacific Growth, and Europacific Growth. The fund mainly invests in the common stock of growth companies that are domiciled or have their primary operations outs... More
Oppenheimer 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 Oppenheimer 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 Oppenheimer International Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8087 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.68 |
Oppenheimer International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer International's standard deviation. In reality, there are many statistical measures that can use Oppenheimer International historical prices to predict the future Oppenheimer International's volatility.| Risk Adjusted Performance | 0.0354 | |||
| Jensen Alpha | 0.0593 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer 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.
Oppenheimer International Backtested Returns
We consider Oppenheimer International very steady. Oppenheimer International maintains Sharpe Ratio (i.e., Efficiency) of 0.0219, which implies the entity had a 0.0219% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenheimer International, which you can use to evaluate the volatility of the fund. Please check Oppenheimer International's Risk Adjusted Performance of 0.0354, semi deviation of 0.7328, and Coefficient Of Variation of 1896.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.0182%. The fund holds a Beta of -0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Oppenheimer International are expected to decrease at a much lower rate. During the bear market, Oppenheimer International is likely to outperform the market.
Auto-correlation | 0.69 |
Good predictability
Oppenheimer International Growth has good predictability. Overlapping area represents the amount of predictability between Oppenheimer International time series from 30th of May 2022 to 10th of May 2023 and 10th of May 2023 to 19th 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 International price movement. The serial correlation of 0.69 indicates that around 69.0% of current Oppenheimer International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 3.25 |
Oppenheimer International lagged returns against current returns
Autocorrelation, which is Oppenheimer 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 Oppenheimer International's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer International returns to help us make a trade decision. For example, suppose you find that Oppenheimer 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 |
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Oppenheimer 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 Oppenheimer International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer 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 Oppenheimer International mutual fund over time.
Current vs Lagged Prices |
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Oppenheimer International Lagged Returns
When evaluating Oppenheimer International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer International mutual fund have on its future price. Oppenheimer 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, Oppenheimer International autocorrelation shows the relationship between Oppenheimer International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer International Growth.
Regressed Prices |
| Timeline |
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Oppenheimer 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.