Optimum Mutual Fund Market Value

OAIEX -  USA Fund  

USD 10.23  0.05  0.49%

Optimum International's market value is the price at which a share of Optimum International stock trades on a public exchange. It measures the collective expectations of Optimum International Equity investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Optimum International Equity and determine expected loss or profit from investing in Optimum International over a given investment horizon. Please check Optimum International Hype Analysis, Optimum International Correlation, Portfolio Optimization, Optimum International Volatility, as well as analyze Optimum International Alpha and Beta and Optimum International Performance.
Symbol
Backtest

Please note, there is a significant difference between Optimum International's value and its price as these two are different measures arrived at by different means. Investors typically determine Optimum International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optimum 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.

Optimum International '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 Optimum International'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 Optimum International.
0.00
04/25/2022
No Change 0.00  0.0 
In 2 months and 2 days
06/24/2022
0.00
If you would invest  0.00  in Optimum International on April 25, 2022 and sell it all today you would earn a total of 0.00 from holding Optimum International Equity or generate 0.0% return on investment in Optimum International over 60 days. The investment seeks long-term growth of capital and may also seek incomeMore

Optimum International 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 Optimum International'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 Optimum International Equity upside and downside potential and time the market with a certain degree of confidence.

Optimum International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimum International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimum International's standard deviation. In reality, there are many statistical measures that can use Optimum International historical prices to predict the future Optimum International's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Optimum International'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. Please use the tools below to analyze the current value of Optimum International in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
8.7110.2311.75
Details
Intrinsic
Valuation
LowReal ValueHigh
9.0010.5212.04
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Optimum International. Your research has to be compared to or analyzed against Optimum International's peers to derive any actionable benefits. When done correctly, Optimum International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Optimum International.

Optimum International Backtested Returns

Optimum International maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the entity had -0.19% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Optimum International exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Optimum International risk adjusted performance of (0.25), and Coefficient Of Variation of (556.46) to confirm the risk estimate we provide.
The fund holds a Beta of 0.8881, which implies possible diversification benefits within a given portfolio. Let's try to break down what Optimum's beta means in this case. Optimum International returns are very sensitive to returns on the market. As the market goes up or down, Optimum International is expected to follow. Even though it is essential to pay attention to Optimum International current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Optimum International exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.61  

Good predictability

Optimum International Equity has good predictability. Overlapping area represents the amount of predictability between Optimum International time series from 25th of April 2022 to 25th of May 2022 and 25th of May 2022 to 24th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Optimum International price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Optimum International price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.31
Residual Average0.0
Price Variance0.27

Optimum International lagged returns against current returns

Autocorrelation, which is Optimum International 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 Optimum International's mutual fund expected returns. We can calculate the autocorrelation of Optimum International returns to help us make a trade decision. For example, suppose you find that Optimum International mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Optimum International 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 Optimum International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimum International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optimum International mutual fund over time.
 Current vs Lagged Prices 
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      Timeline 

Optimum International Lagged Returns

When evaluating Optimum International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimum International mutual fund have on its future price. Optimum International 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, Optimum International autocorrelation shows the relationship between Optimum International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Optimum International Equity.
 Regressed Prices 
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      Timeline 

Optimum International Investors Sentiment

The influence of Optimum International's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Optimum. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Optimum International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Optimum International's short interest history, or implied volatility extrapolated from Optimum International options trading.

Current Sentiment - OAIEX

Optimum International Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in Optimum International Equity. What is your perspective on investing in Optimum International Equity? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Optimum International using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Optimum International Hype Analysis, Optimum International Correlation, Portfolio Optimization, Optimum International Volatility, as well as analyze Optimum International Alpha and Beta and Optimum International Performance. Note that the Optimum International information on this page should be used as a complementary analysis to other Optimum 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Optimum Mutual Fund analysis

When running Optimum International price analysis, check to measure Optimum 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 Optimum International is operating at the current time. Most of Optimum International's value examination focuses on studying past and present price action to predict the probability of Optimum International's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Optimum International's price. Additionally, you may evaluate how the addition of Optimum International to your portfolios can decrease your overall portfolio volatility.
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Optimum International 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, stock market cycles, or different charting patterns.
A focus of Optimum International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Optimum International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...