Oaktree Diversifiedome Fund Market Value
| ODIDX Fund | USD 9.11 0.01 0.11% |
| Symbol | Oaktree |
Please note, there is a significant difference between Oaktree Diversifiedome's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oaktree Diversifiedome is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oaktree Diversifiedome'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.
Oaktree Diversifiedome 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Oaktree Diversifiedome's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Oaktree Diversifiedome.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in Oaktree Diversifiedome on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Oaktree Diversifiedome or generate 0.0% return on investment in Oaktree Diversifiedome over 30 days. Oaktree Diversifiedome is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Oaktree Diversifiedome is entity of United States More
Oaktree Diversifiedome Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Oaktree Diversifiedome's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Oaktree Diversifiedome upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1131 |
Oaktree Diversifiedome Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oaktree Diversifiedome's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oaktree Diversifiedome's standard deviation. In reality, there are many statistical measures that can use Oaktree Diversifiedome historical prices to predict the future Oaktree Diversifiedome's volatility.| Risk Adjusted Performance | 0.0785 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | 3.0E-4 | |||
| Treynor Ratio | 3.05 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oaktree Diversifiedome's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oaktree Diversifiedome Backtested Returns
We consider Oaktree Diversifiedome very steady. Oaktree Diversifiedome maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Oaktree Diversifiedome, which you can use to evaluate the volatility of the fund. Please check Oaktree Diversifiedome's Variance of 0.0911, risk adjusted performance of 0.0785, and Coefficient Of Variation of 655.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.0446%. The fund holds a Beta of 0.0118, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oaktree Diversifiedome's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oaktree Diversifiedome is expected to be smaller as well.
Auto-correlation | 0.92 |
Excellent predictability
Oaktree Diversifiedome has excellent predictability. Overlapping area represents the amount of predictability between Oaktree Diversifiedome time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oaktree Diversifiedome price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Oaktree Diversifiedome price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oaktree Diversifiedome lagged returns against current returns
Autocorrelation, which is Oaktree Diversifiedome mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Oaktree Diversifiedome's mutual fund expected returns. We can calculate the autocorrelation of Oaktree Diversifiedome returns to help us make a trade decision. For example, suppose you find that Oaktree Diversifiedome has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Oaktree Diversifiedome regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Oaktree Diversifiedome mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oaktree Diversifiedome mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oaktree Diversifiedome mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oaktree Diversifiedome Lagged Returns
When evaluating Oaktree Diversifiedome's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oaktree Diversifiedome mutual fund have on its future price. Oaktree Diversifiedome autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Oaktree Diversifiedome autocorrelation shows the relationship between Oaktree Diversifiedome mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oaktree Diversifiedome.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Oaktree Diversifiedome Correlation, Oaktree Diversifiedome Volatility and Oaktree Diversifiedome Alpha and Beta module to complement your research on Oaktree Diversifiedome. Note that the Oaktree Diversifiedome information on this page should be used as a complementary analysis to other Oaktree Diversifiedome'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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Oaktree Diversifiedome 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.