Optimum Mutual Fund Market Value

OCFIX
 Fund
  

USD 8.18  0.03  0.37%   

Optimum Fixed's market value is the price at which a share of Optimum Fixed stock trades on a public exchange. It measures the collective expectations of Optimum Fixed Income investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Optimum Fixed Income and determine expected loss or profit from investing in Optimum Fixed over a given investment horizon. Please check Optimum Fixed Correlation, Optimum Fixed Volatility and Optimum Fixed Alpha and Beta module to complement your research on Optimum Fixed.
Symbol

Please note, there is a significant difference between Optimum Fixed's value and its price as these two are different measures arrived at by different means. Investors typically determine Optimum Fixed value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optimum Fixed'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 Fixed '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 Fixed'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 Fixed.
0.00
10/05/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/25/2022
0.00
If you would invest  0.00  in Optimum Fixed on October 5, 2020 and sell it all today you would earn a total of 0.00 from holding Optimum Fixed Income or generate 0.0% return on investment in Optimum Fixed over 720 days. Optimum Fixed is related to or competes with Chevron Corp. The investment seeks a high level of income and may also seek growth of capital More

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

Optimum Fixed Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimum Fixed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimum Fixed's standard deviation. In reality, there are many statistical measures that can use Optimum Fixed historical prices to predict the future Optimum Fixed'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 Fixed'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 Fixed in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
7.748.188.62
Details
Intrinsic
Valuation
LowReal ValueHigh
7.818.258.69
Details
Naive
Forecast
LowNext ValueHigh
7.708.148.58
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.128.228.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Optimum Fixed. Your research has to be compared to or analyzed against Optimum Fixed's peers to derive any actionable benefits. When done correctly, Optimum Fixed'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 Fixed Income.

Optimum Fixed Income Backtested Returns

Optimum Fixed Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0962, which implies the entity had -0.0962% 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 Fixed Income exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Optimum Fixed Income coefficient of variation of (982.11), and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide.
The fund holds a Beta of 0.123, 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 Fixed returns are expected to increase less than the market. However, during the bear market, the loss on holding Optimum Fixed will be expected to be smaller as well. Even though it is essential to pay attention to Optimum Fixed Income 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 Fixed Income exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.41  

Average predictability

Optimum Fixed Income has average predictability. Overlapping area represents the amount of predictability between Optimum Fixed time series from 5th of October 2020 to 30th of September 2021 and 30th of September 2021 to 25th of September 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 Fixed Income price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Optimum Fixed price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.27

Optimum Fixed Income lagged returns against current returns

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

Optimum Fixed Lagged Returns

When evaluating Optimum Fixed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimum Fixed mutual fund have on its future price. Optimum Fixed 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 Fixed autocorrelation shows the relationship between Optimum Fixed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Optimum Fixed Income.
   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 Optimum Fixed without increasing your portfolio risk or giving up the 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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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Optimum Fixed Income 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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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Optimum Fixed Correlation, Optimum Fixed Volatility and Optimum Fixed Alpha and Beta module to complement your research on Optimum Fixed. 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 analysis

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