Oppenheimer Roc New Fund Quote
ONJYX Fund | USD 8.88 0.02 0.23% |
Performance2 of 100
| Odds Of DistressLess than 22
|
Oppenheimer Roc is trading at 8.88 as of the 17th of April 2024; that is 0.23 percent up since the beginning of the trading day. The fund's open price was 8.86. Oppenheimer Roc has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Oppenheimer Roc New are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of March 2024 and ending today, the 17th of April 2024. Click here to learn more.
Under normal market conditions, and as a fundamental policy, the fund invests at least 80 percent of its net assets in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the funds state income tax. More on Oppenheimer Roc New
Moving together with Oppenheimer Mutual Fund
0.7 | OSCIX | Oppenheimer Intl Small | PairCorr |
0.7 | OSMNX | Oppenheimer Intl Small | PairCorr |
Oppenheimer Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Oppenheimer Roc's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Oppenheimer Roc or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund Concentration | OppenheimerFunds Funds, Large Funds, Muni New Jersey Funds, Muni New Jersey, OppenheimerFunds (View all Sectors) |
Update Date | 31st of March 2024 |
Oppenheimer Roc New [ONJYX] is traded in USA and was established 17th of April 2024. Oppenheimer Roc is listed under OppenheimerFunds category by Fama And French industry classification. The fund is listed under Muni New Jersey category and is part of OppenheimerFunds family. This fund now has accumulated 257.56 M in assets with minimum initial investment of 1 K. Oppenheimer Roc New is currently producing year-to-date (YTD) return of 0.4% with the current yeild of 0.01%, while the total return for the last 3 years was 0.19%.
Check Oppenheimer Roc Probability Of Bankruptcy
Instrument Allocation
Oppenheimer Roc Target Price Odds Analysis
Based on a normal probability distribution, the odds of Oppenheimer Roc jumping above the current price in 90 days from now is about 68.76%. The Oppenheimer Roc New probability density function shows the probability of Oppenheimer Roc mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Oppenheimer Roc New has a beta of -0.0432. This indicates as returns on the benchmark increase, returns on holding Oppenheimer Roc are expected to decrease at a much lower rate. During a bear market, however, Oppenheimer Roc New is likely to outperform the market. Additionally, oppenheimer Roc New has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Oppenheimer Roc to move above the current price in 90 days from now is about 68.76 (This Oppenheimer Roc New probability density function shows the probability of Oppenheimer Mutual Fund to fall within a particular range of prices over 90 days) .
Oppenheimer Roc New Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Oppenheimer Roc market risk premium is the additional return an investor will receive from holding Oppenheimer Roc long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Oppenheimer Roc. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Oppenheimer Roc's alpha and beta are two of the key measurements used to evaluate Oppenheimer Roc's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.134 | |||
Standard Deviation | 0.199 | |||
Variance | 0.0396 | |||
Risk Adjusted Performance | (0.03) |
Oppenheimer Roc Against Markets
Picking the right benchmark for Oppenheimer Roc mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Oppenheimer Roc mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Oppenheimer Roc is critical whether you are bullish or bearish towards Oppenheimer Roc New at a given time. Please also check how Oppenheimer Roc's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oppenheimer Roc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Oppenheimer Mutual Fund?
Before investing in Oppenheimer Roc, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Oppenheimer Roc. To buy Oppenheimer Roc fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Oppenheimer Roc. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Oppenheimer Roc fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Oppenheimer Roc New fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Oppenheimer Roc New fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Oppenheimer Roc New, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Oppenheimer Roc New?
The danger of trading Oppenheimer Roc New is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Oppenheimer Roc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Oppenheimer Roc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oppenheimer Roc New is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oppenheimer Roc New. 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 manufacturing. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.