Oberweis Mutual Fund Market Value

OBSOX
 Fund
  

USD 19.47  0.12  0.62%   

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

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

Oberweis Small-Cap '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 Oberweis Small-Cap'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 Oberweis Small-Cap.
0.00
07/09/2022
No Change 0.00  0.0 
In 31 days
08/08/2022
0.00
If you would invest  0.00  in Oberweis Small-Cap on July 9, 2022 and sell it all today you would earn a total of 0.00 from holding Oberweis Small-Cap Opportunities or generate 0.0% return on investment in Oberweis Small-Cap over 30 days. The fund invests normally at least 80 percent of its net assets in the securities of small-cap companiesMore

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

Oberweis Small-Cap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oberweis Small-Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oberweis Small-Cap's standard deviation. In reality, there are many statistical measures that can use Oberweis Small-Cap historical prices to predict the future Oberweis Small-Cap's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Oberweis Small-Cap'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 Oberweis Small-Cap in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
17.3719.4721.57
Details
Intrinsic
Valuation
LowReal ValueHigh
15.4517.5519.65
Details
Naive
Forecast
LowNext ValueHigh
17.1719.2721.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.4517.5819.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Oberweis Small-Cap. Your research has to be compared to or analyzed against Oberweis Small-Cap's peers to derive any actionable benefits. When done correctly, Oberweis Small-Cap'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 Oberweis Small-Cap.

Oberweis Small-Cap Backtested Returns

Oberweis Small-Cap appears to be not too volatile, given 3 months investment horizon. Oberweis Small-Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the entity had 0.11% 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-one technical indicators for Oberweis Small-Cap, which you can use to evaluate the future volatility of the fund. Please evaluate Oberweis Small-Cap's Coefficient Of Variation of 2738.07, semi deviation of 2.33, and Risk Adjusted Performance of 0.0521 to confirm if our risk estimates are consistent with your expectations.
The fund holds a Beta of 0.0984, which implies not very significant fluctuations relative to the market. Let's try to break down what Oberweis's beta means in this case. As returns on the market increase, Oberweis Small-Cap returns are expected to increase less than the market. However, during the bear market, the loss on holding Oberweis Small-Cap will be expected to be smaller as well. Although it is important to respect Oberweis 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 Oberweis Small-Cap technical indicators, you can presently evaluate if the expected return of 0.22% will be sustainable into the future.

Auto-correlation

    
  0.80  

Very good predictability

Oberweis Small-Cap Opportunities has very good predictability. Overlapping area represents the amount of predictability between Oberweis Small-Cap time series from 9th of July 2022 to 24th of July 2022 and 24th of July 2022 to 8th 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 Oberweis Small-Cap price movement. The serial correlation of 0.8 indicates that around 80.0% of current Oberweis Small-Cap price fluctuation can be explain by its past prices.
Correlation Coefficient0.8
Spearman Rank Test0.85
Residual Average0.0
Price Variance0.28

Oberweis Small-Cap lagged returns against current returns

Autocorrelation, which is Oberweis Small-Cap 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 Oberweis Small-Cap's mutual fund expected returns. We can calculate the autocorrelation of Oberweis Small-Cap returns to help us make a trade decision. For example, suppose you find that Oberweis Small-Cap 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  

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

Oberweis Small-Cap Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oberweis Small-Cap without increasing your portfolio risk or giving up 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.

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Please check Oberweis Small-Cap Hype Analysis, Oberweis Small-Cap Correlation, Portfolio Optimization, Oberweis Small-Cap Volatility, as well as analyze Oberweis Small-Cap Alpha and Beta and Oberweis Small-Cap Performance. Note that the Oberweis Small-Cap information on this page should be used as a complementary analysis to other Oberweis Small-Cap'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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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