Oppenheimer International Growth Fund Volatility

OIGCX Fund  USD 33.77  0.16  0.48%   
We consider Oppenheimer International very steady. Oppenheimer International maintains Sharpe Ratio (i.e., Efficiency) of 0.0856, which implies the entity had a 0.0856% 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 Semi Deviation of 0.7192, risk adjusted performance of 0.0532, and Coefficient Of Variation of 1123.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.0764%. Key indicators related to Oppenheimer International's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
Oppenheimer International Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Oppenheimer daily returns, and it is calculated using variance and standard deviation. We also use Oppenheimer's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Oppenheimer International volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Oppenheimer International can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Oppenheimer International at lower prices. For example, an investor can purchase Oppenheimer stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Oppenheimer International's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Oppenheimer Mutual Fund

  0.63VMICX Invesco Municipal IncomePairCorr
  0.7VMINX Invesco Municipal IncomePairCorr
  0.7VMIIX Invesco Municipal IncomePairCorr
  0.88GLALX Aim Investment SecuritiesPairCorr
  0.89OARDX Oppenheimer RisingPairCorr
  0.88AMHYX Invesco High YieldPairCorr
  0.87OSMAX Oppenheimer InternationalPairCorr

Oppenheimer International Market Sensitivity And Downside Risk

Oppenheimer International's beta coefficient measures the volatility of Oppenheimer mutual fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Oppenheimer mutual fund's returns against your selected market. In other words, Oppenheimer International's beta of -0.65 provides an investor with an approximation of how much risk Oppenheimer International mutual fund can potentially add to one of your existing portfolios. Oppenheimer International Growth has low volatility with Treynor Ratio of -0.11, Maximum Drawdown of 4.04 and kurtosis of 0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Oppenheimer International's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Oppenheimer International's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Oppenheimer International Demand Trend
Check current 90 days Oppenheimer International correlation with market (NYSE Composite)

Oppenheimer Beta

    
  -0.65  
Oppenheimer standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.89  
It is essential to understand the difference between upside risk (as represented by Oppenheimer International's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Oppenheimer International's daily returns or price. Since the actual investment returns on holding a position in oppenheimer mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Oppenheimer International.

Oppenheimer International Mutual Fund Volatility Analysis

Volatility refers to the frequency at which Oppenheimer International fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Oppenheimer International's price changes. Investors will then calculate the volatility of Oppenheimer International's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Oppenheimer International's volatility:

Historical Volatility

This type of fund volatility measures Oppenheimer International's fluctuations based on previous trends. It's commonly used to predict Oppenheimer International's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Oppenheimer International's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Oppenheimer International's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Oppenheimer International Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

Oppenheimer International Projected Return Density Against Market

Assuming the 90 days horizon Oppenheimer International Growth has a beta of -0.6508 . This indicates as returns on benchmark increase, returns on holding Oppenheimer International are expected to decrease at a much lower rate. During the bear market, however, Oppenheimer International Growth is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Oppenheimer International or Invesco sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Oppenheimer International's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Oppenheimer fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Oppenheimer International Growth has an alpha of 0.1506, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
Oppenheimer International's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how oppenheimer mutual fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives an Oppenheimer International Price Volatility?

Several factors can influence a fund's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Oppenheimer International Mutual Fund Risk Measures

Assuming the 90 days horizon the coefficient of variation of Oppenheimer International is 1168.77. The daily returns are distributed with a variance of 0.8 and standard deviation of 0.89. The mean deviation of Oppenheimer International Growth is currently at 0.69. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
0.15
β
Beta against NYSE Composite-0.65
σ
Overall volatility
0.89
Ir
Information ratio -0.06

Oppenheimer International Mutual Fund Return Volatility

Oppenheimer International historical daily return volatility represents how much of Oppenheimer International fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 0.893% volatility of returns over 90 . By contrast, NYSE Composite accepts 0.5731% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Oppenheimer International Volatility

Volatility is a rate at which the price of Oppenheimer International or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Oppenheimer International may increase or decrease. In other words, similar to Oppenheimer's beta indicator, it measures the risk of Oppenheimer International and helps estimate the fluctuations that may happen in a short period of time. So if prices of Oppenheimer International fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The fund mainly invests in the common stock of growth companies that are domiciled or have their primary operations outside of the United States. It may invest 100 percent of its assets in securities of foreign companies. The fund may invest in emerging markets as well as in developed markets throughout the world. It normally will invest at least 65 percent of its total assets in common and preferred stocks of issuers in at least three different countries outside of the United States, and emphasize investments in common stocks of issuers that are considered by the portfolio managers to have potential for earnings or revenue growth.
Oppenheimer International's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Oppenheimer Mutual Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Oppenheimer International's price varies over time.

3 ways to utilize Oppenheimer International's volatility to invest better

Higher Oppenheimer International's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Oppenheimer International fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Oppenheimer International fund volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Oppenheimer International investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Oppenheimer International's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Oppenheimer International's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Oppenheimer International Investment Opportunity

Oppenheimer International Growth has a volatility of 0.89 and is 1.56 times more volatile than NYSE Composite. 7 percent of all equities and portfolios are less risky than Oppenheimer International. You can use Oppenheimer International Growth to enhance the returns of your portfolios. The mutual fund experiences a normal upward fluctuation. Check odds of Oppenheimer International to be traded at $35.46 in 90 days.

Very good diversification

The correlation between Oppenheimer International Grow and NYA is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer International Grow and NYA in the same portfolio, assuming nothing else is changed.

Oppenheimer International Additional Risk Indicators

The analysis of Oppenheimer International's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Oppenheimer International's investment and either accepting that risk or mitigating it. Along with some common measures of Oppenheimer International mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Oppenheimer International Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Oppenheimer International as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Oppenheimer International's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Oppenheimer International's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Oppenheimer International Growth.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oppenheimer International Growth. 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 main economic indicators.
Note that the Oppenheimer International information on this page should be used as a complementary analysis to other Oppenheimer International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Oppenheimer Mutual Fund analysis

When running Oppenheimer International's price analysis, check to measure Oppenheimer International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oppenheimer International is operating at the current time. Most of Oppenheimer International's value examination focuses on studying past and present price action to predict the probability of Oppenheimer International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oppenheimer International's price. Additionally, you may evaluate how the addition of Oppenheimer International to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Equity Valuation
Check real value of public entities based on technical and fundamental data
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Please note, there is a significant difference between Oppenheimer International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oppenheimer International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oppenheimer International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.