Oppenheimer Main Street Fund Technical Analysis
| OSCYX Fund | USD 20.70 0.07 0.34% |
As of the 18th of April 2024, Oppenheimer Main holds the Risk Adjusted Performance of 0.0269, semi deviation of 1.17, and Coefficient Of Variation of 2776.88. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Oppenheimer Main, 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 have analyzed and interpolated nineteen technical drivers for Oppenheimer Main Street, which can be compared to its competitors. Please check Oppenheimer Main Street variance and potential upside to decide if Oppenheimer Main Street is priced some-what accurately, providing market reflects its current price of 20.7 per share.
Oppenheimer Main Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Oppenheimer, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OppenheimerOppenheimer |
Oppenheimer Main 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.
Oppenheimer Main Street Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Oppenheimer Main Street volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Oppenheimer Main Street Trend Analysis
Use this graph to draw trend lines for Oppenheimer Main Street. You can use it to identify possible trend reversals for Oppenheimer Main 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 Oppenheimer Main price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Oppenheimer Main Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Oppenheimer Main Street applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Oppenheimer Main Street will continue generating value for investors. It has 122 observation points and a regression sum of squares at 13.8, which is the sum of squared deviations for the predicted Oppenheimer Main price change compared to its average price change.About Oppenheimer Main 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 Oppenheimer Main Street 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 Oppenheimer Main Street based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Oppenheimer Main Street price pattern first instead of the macroeconomic environment surrounding Oppenheimer Main Street. By analyzing Oppenheimer Main'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 Oppenheimer Main'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 Oppenheimer Main specific price patterns or momentum indicators. Please read more on our technical analysis page.
Oppenheimer Main April 18, 2024 Technical Indicators
Most technical analysis of Oppenheimer 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 Oppenheimer from various momentum indicators to cycle indicators. When you analyze Oppenheimer 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0269 | |||
| Market Risk Adjusted Performance | 0.0293 | |||
| Mean Deviation | 0.8415 | |||
| Semi Deviation | 1.17 | |||
| Downside Deviation | 1.23 | |||
| Coefficient Of Variation | 2776.88 | |||
| Standard Deviation | 1.08 | |||
| Variance | 1.17 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0193 | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.62 | |||
| Downside Variance | 1.51 | |||
| Semi Variance | 1.36 | |||
| Expected Short fall | (0.81) | |||
| Skewness | (0.52) | |||
| Kurtosis | 0.6655 |
Oppenheimer Main Street One Year Return
Based on the recorded statements, Oppenheimer Main Street has an One Year Return of 17.4345%. This is much higher than that of the OppenheimerFunds family and significantly higher than that of the Small Blend 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.Oppenheimer Main April 18, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Oppenheimer stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | (Huge) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 20.70 | ||
| Day Typical Price | 20.70 | ||
| Price Action Indicator | (0.04) |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oppenheimer Main Street. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.