Oppenheimer Steelpath Mlp Fund Price on February 14, 2024
| OSPMX Fund | USD 6.11 0.06 0.97% |
Below is the normalized historical share price chart for Oppenheimer Steelpath Mlp extending back to June 28, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Oppenheimer Steelpath stands at 6.11, as last reported on the 4th of June, with the highest price reaching 6.11 and the lowest price hitting 6.11 during the day.
If you're considering investing in Oppenheimer Mutual Fund, it is important to understand the factors that can impact its price. We consider Oppenheimer Steelpath very steady. Oppenheimer Steelpath Mlp maintains Sharpe Ratio (i.e., Efficiency) of 0.0311, which implies the entity had a 0.0311% 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 Risk Adjusted Performance of 0.0802, coefficient of variation of 788.74, and Semi Deviation of 0.633 to confirm if the risk estimate we provide is consistent with the expected return of 0.0208%.
Oppenheimer Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oppenheimer |
Sharpe Ratio = 0.0311
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OSPMX |
Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Oppenheimer Steelpath is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oppenheimer Steelpath by adding it to a well-diversified portfolio.
Oppenheimer Steelpath Valuation on February 14, 2024
It is possible to determine the worth of Oppenheimer Steelpath on a given historical date. On February 14, 2024 Oppenheimer was worth 5.68 at the beginning of the trading date compared to the closed value of 5.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oppenheimer Steelpath mutual fund. Still, in general, we apply an absolute valuation method to find Oppenheimer Steelpath's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oppenheimer Steelpath where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oppenheimer Steelpath's related companies.
| Open | High | Low | Close | Volume | |
| 5.66 | 5.66 | 5.57 | 5.57 | 1.00 | |
02/14/2024 | 5.68 | 5.68 | 5.59 | 5.59 | 1.00 |
| 5.79 | 5.79 | 5.70 | 5.70 | 1.00 |
| Backtest Oppenheimer Steelpath | | | Oppenheimer Steelpath History | | | Oppenheimer Steelpath Valuation | Previous | Next |
Oppenheimer Steelpath Trading Date Momentum on February 14, 2024
| On February 15 2024 Oppenheimer Steelpath Mlp was traded for 5.70 at the closing time. The highest daily price throughout the period was 5.79 and the lowest price was 5.70 . There was no trading activity during the period 1.0. Lack of trading volume on 02/15/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.97% . The trading delta at closing time to current closing price is 6.98% . |
Oppenheimer Steelpath Mlp Fundamentals Correlations and Trends
By evaluating Oppenheimer Steelpath's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oppenheimer Steelpath's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oppenheimer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oppenheimer Steelpath Mutual Fund history
Oppenheimer Steelpath investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oppenheimer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oppenheimer Steelpath Mlp will depend on recognizing future opportunities and eliminating past mistakes