Oil Equipment Services Fund Price on April 17, 2024
| OEPSX Fund | USD 102.21 0.05 0.05% |
Below is the normalized historical share price chart for Oil Equipment Services extending back to June 05, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Oil Equipment stands at 102.21, as last reported on the 16th of May 2024, with the highest price reaching 102.21 and the lowest price hitting 102.21 during the day.
If you're considering investing in Oil Mutual Fund, it is important to understand the factors that can impact its price. Oil Equipment appears to be very steady, given 3 months investment horizon. Oil Equipment Services maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oil Equipment Services, which you can use to evaluate the volatility of the fund. Please evaluate Oil Equipment's Semi Deviation of 1.79, risk adjusted performance of 0.1097, and Coefficient Of Variation of 610.3 to confirm if our risk estimates are consistent with your expectations.
Oil Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Oil |
Sharpe Ratio = 0.1393
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Estimated Market Risk
| 2.04 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Oil Equipment is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oil Equipment by adding it to a well-diversified portfolio.
Oil Equipment Valuation on April 17, 2024
It is possible to determine the worth of Oil Equipment on a given historical date. On April 17, 2024 Oil was worth 95.73 at the beginning of the trading date compared to the closed value of 95.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oil Equipment mutual fund. Still, in general, we apply an absolute valuation method to find Oil Equipment's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oil Equipment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oil Equipment's related companies.
| Open | High | Low | Close | Volume | |
| 97.99 | 97.99 | 97.99 | 97.99 | 1.00 | |
04/17/2024 | 95.73 | 95.73 | 95.73 | 95.73 | 1.00 |
| 95.83 | 95.83 | 95.83 | 95.83 | 1.00 |
| Backtest Oil Equipment | | | Oil Equipment History | | | Oil Equipment Valuation | Previous | Next |
Oil Equipment Trading Date Momentum on April 17, 2024
| On April 18 2024 Oil Equipment Services was traded for 95.83 at the closing time. The highest daily price throughout the period was 95.83 and the lowest price was 95.83 . There was no trading activity during the period 1.0. Lack of trading volume on 04/18/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.10% . The trading delta at closing time to current closing price is 5.34% . |
Oil Equipment Services Fundamentals Correlations and Trends
By evaluating Oil Equipment's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oil Equipment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oil financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oil Equipment Mutual Fund history
Oil Equipment investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oil is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oil Equipment Services will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oil Equipment stock prices may prove useful in developing a viable investing in Oil Equipment
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by SP Dow Jones Indices LLC. The index represents the oil gas equipment services segment of the SP Total Market Index, which comprises the following sub-industries oil gas drilling and oil gas equipment services. It is non-diversified.
Oil Equipment Mutual Fund Technical Analysis
Oil Equipment 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.
Price Boundaries
Oil Equipment Period Price Range
Low | April 17, 2024
| High |
95.73 | 95.73 |
Oil Equipment May 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Oil Equipment mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oil Equipment shares will generate the highest return on investment. By undertsting and applying Oil Equipment mutual fund market strength indicators, traders can identify Oil Equipment Services entry and exit signals to maximize returns
Oil Equipment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oil Equipment's price direction in advance. Along with the technical and fundamental analysis of Oil Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oil to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1097 | |||
| Jensen Alpha | 0.3227 | |||
| Total Risk Alpha | 0.0653 | |||
| Sortino Ratio | 0.1168 | |||
| Treynor Ratio | 1.32 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil Equipment Services. 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 state. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.