Optimum Mutual Fund Technical Analysis

OAFIX -  USA Fund  

USD 8.62  0.03  0.35%

As of the 16th of May 2022, Optimum Fixed holds the risk adjusted performance of (0.39), and Coefficient Of Variation of (352.70). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Optimum Fixed, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Optimum Fixed Income, which can be compared to its competitors. Please check Optimum Fixed Income information ratio and downside variance to decide if Optimum Fixed Income is priced some-what accurately, providing market reflects its current price of 8.62 per share.
  
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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, stock 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...

Optimum Fixed Income Technical Analysis

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The output start index for this execution was twenty-seven with a total number of output elements of thirty-four. The Normalized Average True Range is used to analyze tradable apportunities for Optimum Fixed Income across different markets.
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Optimum Fixed Income Trend Analysis

Use this graph to draw trend lines for Optimum Fixed Income. You can use it to identify possible trend reversals for Optimum Fixed as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Optimum Fixed price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Optimum Fixed Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Optimum Fixed Income applied against its price change over selected period. The best fit line has a slop of   -0.01  , which may suggest that Optimum Fixed Income market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.0, which is the sum of squared deviations for the predicted Optimum Fixed price change compared to its average price change.

About Optimum Fixed Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Optimum Fixed Income on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Optimum Fixed Income based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Optimum Fixed Income stock first instead of the macroeconomic environment surrounding Optimum Fixed Income. By analyzing Optimum Fixed's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Optimum Fixed's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Optimum Fixed specific price patterns or momentum indicators. Please read more on our technical analysis page.

Optimum Fixed May 16, 2022 Technical Indicators

Most technical analysis of Optimum help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Optimum from various momentum indicators to cycle indicators. When you analyze Optimum charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Optimum Fixed Income One Year Return

Based on the recorded statements, Optimum Fixed Income has an One Year Return of 7.33%. This is 41.92% lower than that of the Delaware Funds by Macquarie family and significantly higher than that of the Intermediate Core-Plus Bond category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Please check Your Equity Center. Note that the Optimum Fixed Income information on this page should be used as a complementary analysis to other Optimum Fixed'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Optimum Mutual Fund 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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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.