Oppenheimer Steelpath Mlp Fund Price on March 11, 2024
| OSPMX Fund | USD 6.17 0.08 1.28% |
If you're considering investing in Oppenheimer Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Oppenheimer Steelpath stands at 6.17, as last reported on the 23rd of May, with the highest price reaching 6.17 and the lowest price hitting 6.17 during the day. We consider Oppenheimer Steelpath not too volatile. Oppenheimer Steelpath Mlp maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oppenheimer Steelpath Mlp, which you can use to evaluate the volatility of the fund. Please check Oppenheimer Steelpath's Semi Deviation of 0.6343, risk adjusted performance of 0.0617, and Coefficient Of Variation of 951.91 to confirm if the risk estimate we provide is consistent with the expected return of 0.0694%.
Oppenheimer Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oppenheimer |
Sharpe Ratio = 0.1051
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Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Oppenheimer Steelpath is performing at about 8% 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.
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Oppenheimer Steelpath Valuation on March 11, 2024
It is possible to determine the worth of Oppenheimer Steelpath on a given historical date. On March 11, 2024 Oppenheimer was worth 6.07 at the beginning of the trading date compared to the closed value of 6.0. 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 | |
| 6.05 | 6.05 | 5.98 | 5.98 | 1.00 | |
03/11/2024 | 6.07 | 6.07 | 6.00 | 6.00 | 1.00 |
| 6.08 | 6.08 | 6.01 | 6.01 | 1.00 |
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Oppenheimer Steelpath Trading Date Momentum on March 11, 2024
| On March 12 2024 Oppenheimer Steelpath Mlp was traded for 6.01 at the closing time. The highest daily price throughout the period was 6.08 and the lowest price was 6.01 . There was no trading activity during the period 1.0. Lack of trading volume on 03/12/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.17% . The trading delta at closing time to current closing price is 3.00% . |
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. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oppenheimer Steelpath stock prices may prove useful in developing a viable investing in Oppenheimer Steelpath
Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities. Invesco Oppenheimer is traded on NASDAQ Exchange in the United States.
Oppenheimer Steelpath Mutual Fund Technical Analysis
Oppenheimer Steelpath 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.
Price Boundaries
Oppenheimer Steelpath Period Price Range
Low | March 11, 2024
| High |
6.07 | 6.00 |
Oppenheimer Steelpath May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Oppenheimer Steelpath mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oppenheimer Steelpath shares will generate the highest return on investment. By undertsting and applying Oppenheimer Steelpath mutual fund market strength indicators, traders can identify Oppenheimer Steelpath Mlp entry and exit signals to maximize returns
Oppenheimer Steelpath Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oppenheimer Steelpath's price direction in advance. Along with the technical and fundamental analysis of Oppenheimer Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oppenheimer to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0617 | |||
| Jensen Alpha | 0.0581 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 2.91 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oppenheimer Steelpath Mlp. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..