Optimum Mutual Fund Market Value

OASGX
 Fund
  

USD 11.48  0.15  1.29%   

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

Please note, there is a significant difference between Optimum Small's value and its price as these two are different measures arrived at by different means. Investors typically determine Optimum Small value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optimum Small'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 Small '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 Small'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 Small.
0.00
08/24/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/14/2022
0.00
If you would invest  0.00  in Optimum Small on August 24, 2020 and sell it all today you would earn a total of 0.00 from holding Optimum Small Cap or generate 0.0% return on investment in Optimum Small over 720 days. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus the amount of any borrowings fo...More

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

Optimum Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimum Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimum Small's standard deviation. In reality, there are many statistical measures that can use Optimum Small historical prices to predict the future Optimum Small'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 Small'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 Small in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.5211.4813.44
Details
Intrinsic
Valuation
LowReal ValueHigh
9.7311.6913.65
Details
Naive
Forecast
LowNext ValueHigh
9.8011.7513.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.8210.7811.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Optimum Small. Your research has to be compared to or analyzed against Optimum Small's peers to derive any actionable benefits. When done correctly, Optimum Small'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 Small Cap.

Optimum Small Cap Backtested Returns

We consider Optimum Small not too volatile. Optimum Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0978, which implies the entity had 0.0978% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Optimum Small Cap, which you can use to evaluate the future volatility of the fund. Please check Optimum Small Cap Coefficient Of Variation of 884.36, semi deviation of 1.9, and Risk Adjusted Performance of 0.1453 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
The fund holds a Beta of 0.1149, which implies not very significant fluctuations relative to the market. Let's try to break down what Optimum's beta means in this case. As returns on the market increase, Optimum Small returns are expected to increase less than the market. However, during the bear market, the loss on holding Optimum Small will be expected to be smaller as well. Although it is important to respect Optimum Small Cap current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Optimum Small Cap technical indicators, you can presently evaluate if the expected return of 0.19% will be sustainable into the future.

Auto-correlation

    
  -0.71  

Almost perfect reverse predictability

Optimum Small Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Optimum Small time series from 24th of August 2020 to 19th of August 2021 and 19th of August 2021 to 14th of August 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 Small Cap price movement. The serial correlation of -0.71 indicates that around 71.0% of current Optimum Small price fluctuation can be explain by its past prices.
Correlation Coefficient-0.71
Spearman Rank Test-0.73
Residual Average0.0
Price Variance1.99

Optimum Small Cap lagged returns against current returns

Autocorrelation, which is Optimum Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Optimum Small returns to help us make a trade decision. For example, suppose you find that Optimum Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimum Small 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 Small mutual fund over time.
   Current vs Lagged Prices   
Share
       Timeline  

Optimum Small Lagged Returns

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

Optimum Small Investors Sentiment

The influence of Optimum Small'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 Small 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 Small's short interest history, or implied volatility extrapolated from Optimum Small options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Optimum Small Cap 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 Small Hype Analysis, Optimum Small Correlation, Portfolio Optimization, Optimum Small Volatility, as well as analyze Optimum Small Alpha and Beta and Optimum Small Performance. Note that the Optimum Small Cap information on this page should be used as a complementary analysis to other Optimum Small'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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Optimum Mutual Fund analysis

When running Optimum Small Cap price analysis, check to measure Optimum Small'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 Small is operating at the current time. Most of Optimum Small's value examination focuses on studying past and present price action to predict the probability of Optimum Small's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Optimum Small's price. Additionally, you may evaluate how the addition of Optimum Small to your portfolios can decrease your overall portfolio volatility.
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Optimum Small 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 Small technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Optimum Small 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...