Oppenheimer Global Strtgc Fund Technical Analysis
| OSIIX Fund | USD 3.02 0.01 0.33% |
As of the 24th of April, Oppenheimer Global holds the Coefficient Of Variation of (1,776), risk adjusted performance of (0.04), and Variance of 0.1813. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Oppenheimer Global, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Oppenheimer Global Strtgc, which can be compared to its competitors. Please check Oppenheimer Global Strtgc market risk adjusted performance and treynor ratio to decide if Oppenheimer Global Strtgc is priced some-what accurately, providing market reflects its current price of 3.02 per share.
Oppenheimer Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Oppenheimer, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OppenheimerOppenheimer |
Oppenheimer Global 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.
Oppenheimer Global Strtgc Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Oppenheimer Global Strtgc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Oppenheimer Global Strtgc Trend Analysis
Use this graph to draw trend lines for Oppenheimer Global Strtgc. You can use it to identify possible trend reversals for Oppenheimer Global as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Oppenheimer Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Oppenheimer Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Oppenheimer Global Strtgc applied against its price change over selected period. The best fit line has a slop of 0.0006 , which may suggest that Oppenheimer Global Strtgc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Oppenheimer Global price change compared to its average price change.About Oppenheimer Global Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Oppenheimer Global Strtgc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Oppenheimer Global Strtgc based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Oppenheimer Global Strtgc price pattern first instead of the macroeconomic environment surrounding Oppenheimer Global Strtgc. By analyzing Oppenheimer Global's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Oppenheimer Global's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Oppenheimer Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
Oppenheimer Global April 24, 2024 Technical Indicators
Most technical analysis of Oppenheimer help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Oppenheimer from various momentum indicators to cycle indicators. When you analyze Oppenheimer charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.10) | |||
| Mean Deviation | 0.3098 | |||
| Coefficient Of Variation | (1,776) | |||
| Standard Deviation | 0.4258 | |||
| Variance | 0.1813 | |||
| Information Ratio | (0.28) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 2.27 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.6536 | |||
| Skewness | (0.49) | |||
| Kurtosis | 0.8921 |
Oppenheimer Global Strtgc One Year Return
Based on the recorded statements, Oppenheimer Global Strtgc has an One Year Return of 2.8935%. This is 225.11% higher than that of the OppenheimerFunds family and significantly higher than that of the World Bond category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oppenheimer Global Strtgc. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.