Oppenheimer Glabal A Fund Market Value
| OPPAX Fund | USD 97.43 0.32 0.33% |
| Symbol | Oppenheimer |
Oppenheimer Glabal '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 Glabal'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 Glabal.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Oppenheimer Glabal on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Oppenheimer Glabal A or generate 0.0% return on investment in Oppenheimer Glabal over 30 days. Oppenheimer Glabal is related to or competes with Marsico 21st, Northern Small, Aberdeen Select, HUMANA, Barloworld, Morningstar Unconstrained, and High Yield. The fund invests mainly in common stock of U.S More
Oppenheimer Glabal 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 Glabal'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 Glabal A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8822 | |||
| Information Ratio | 0.0091 | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.72 |
Oppenheimer Glabal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oppenheimer Glabal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oppenheimer Glabal's standard deviation. In reality, there are many statistical measures that can use Oppenheimer Glabal historical prices to predict the future Oppenheimer Glabal's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0096 | |||
| Treynor Ratio | 0.0819 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oppenheimer Glabal'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 Glabal Backtested Returns
We consider Oppenheimer Glabal very steady. Oppenheimer Glabal maintains Sharpe Ratio (i.e., Efficiency) of 0.0857, which implies the entity had a 0.0857% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenheimer Glabal, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Glabal's Semi Deviation of 0.775, risk adjusted performance of 0.0726, and Coefficient Of Variation of 900.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.082%. The fund holds a Beta of 1.15, which implies a somewhat significant risk relative to the market. Oppenheimer Glabal returns are very sensitive to returns on the market. As the market goes up or down, Oppenheimer Glabal is expected to follow.
Auto-correlation | 0.18 |
Very weak predictability
Oppenheimer Glabal A has very weak predictability. Overlapping area represents the amount of predictability between Oppenheimer Glabal time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Glabal price movement. The serial correlation of 0.18 indicates that over 18.0% of current Oppenheimer Glabal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.12 |
Oppenheimer Glabal lagged returns against current returns
Autocorrelation, which is Oppenheimer Glabal 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 Glabal's mutual fund expected returns. We can calculate the autocorrelation of Oppenheimer Glabal returns to help us make a trade decision. For example, suppose you find that Oppenheimer Glabal 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 Glabal 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 Glabal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oppenheimer Glabal 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 Glabal mutual fund over time.
Current vs Lagged Prices |
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Oppenheimer Glabal Lagged Returns
When evaluating Oppenheimer Glabal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oppenheimer Glabal mutual fund have on its future price. Oppenheimer Glabal 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 Glabal autocorrelation shows the relationship between Oppenheimer Glabal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oppenheimer Glabal A.
Regressed Prices |
| Timeline |
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Oppenheimer Glabal 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.