Oil Equipment Services Fund Manager Performance Evaluation
| OEPIX Fund | USD 110.10 0.11 0.10% |
The fund holds a Beta of 1.85, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oil Equipment will likely underperform.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Oil Equipment Services are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Oil Equipment showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 30th of November 2022 | |
| Expense Ratio | 1.6800 |
Oil |
Oil Equipment Relative Risk vs. Return Landscape
If you would invest 9,468 in Oil Equipment Services on January 20, 2024 and sell it today you would earn a total of 1,542 from holding Oil Equipment Services or generate 16.29% return on investment over 90 days. Oil Equipment Services is currently producing 0.2626% returns and takes up 2.1598% volatility of returns over 90 trading days. Put another way, 19% of traded mutual funds are less volatile than Oil, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Oil Equipment Current Valuation
Undervalued
Today
Please note that Oil Equipment's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Oil Equipment Services holds a recent Real Value of $113.46 per share. The prevailing price of the fund is $110.1. We determine the value of Oil Equipment Services from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Oil Equipment Services is useful when determining the fair value of the Oil mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Oil Equipment. Since Oil Equipment is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Oil Mutual Fund. However, Oil Equipment's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 110.1 | Real 113.46 | Hype 110.72 |
The real value of Oil Mutual Fund, also known as its intrinsic value, is the underlying worth of Oil Equipment Services Mutual Fund, which is reflected in its stock price. It is based on Oil Equipment's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Oil Equipment's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Oil Equipment's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Oil Equipment Services helps investors to forecast how Oil mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Oil Equipment more accurately as focusing exclusively on Oil Equipment's fundamentals will not take into account other important factors: Oil Equipment Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oil Equipment's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Oil Equipment Services, and traders can use it to determine the average amount a Oil Equipment's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1216
| Best Portfolio | Best Equity | |||
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| Small Returns | OEPIX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Oil Equipment is performing at about 9% 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 Oil Equipment by adding it to a well-diversified portfolio.
Oil Equipment Fundamentals Growth
Oil Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Oil Equipment, and Oil Equipment fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Oil Mutual Fund performance.
| Price To Earning | 24.34 X | ||||
| Price To Book | 1.51 X | ||||
| Price To Sales | 1.75 X | ||||
| Total Asset | 13.87 M | ||||
About Oil Equipment Performance
To evaluate Oil Equipment Services Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Oil Equipment generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Oil Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Oil Equipment Services market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Oil's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by SP Dow Jones Indices LLC. The index represents the oil gas equipment services segment of the SP Total Market Index, which comprises the following sub-industries oil gas drilling and oil gas equipment services. It is non-diversified.Things to note about Oil Equipment Services performance evaluation
Checking the ongoing alerts about Oil Equipment for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Oil Equipment Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Oil Equipment Services generated-21.0 ten year return of -21.0% | |
| This fund maintains about 24.55% of its assets in cash |
- Analyzing Oil Equipment's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Oil Equipment's stock is overvalued or undervalued compared to its peers.
- Examining Oil Equipment's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Oil Equipment's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Oil Equipment's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Oil Equipment's mutual fund. These opinions can provide insight into Oil Equipment's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil Equipment Services. 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 gross domestic product. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..