Oil Equipment Financials
| OEPIX Fund | USD 110.10 0.11 0.10% |
Oil |
Please note that past performance is not an indicator of the future performance of Oil Equipment, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Oil Equipment Fund Summary
Oil Equipment competes with Short Real, Short Real, Ultrashort Mid, Ultrashort Mid, and Technology Ultrasector. 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.Specialization | Equity Energy, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Profunds |
| Mutual Fund Family | ProFunds |
| Mutual Fund Category | Equity Energy |
| Benchmark | NYSE Composite |
| Phone | 888 776 3637 |
| Currency | USD - US Dollar |
You should never invest in Oil Equipment Services without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Oil Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Oil Equipment's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Oil Equipment Key Financial Ratios
Generally speaking, Oil Equipment's financial ratios allow both analysts and investors to convert raw data from Oil Equipment's financial statements into concise, actionable information that can be used to evaluate the performance of Oil Equipment over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Oil Equipment Services reports annually and quarterly.Oil Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Oil Equipment's current stock value. Our valuation model uses many indicators to compare Oil Equipment value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Oil Equipment competition to find correlations between indicators driving Oil Equipment's intrinsic value. More Info.Oil Equipment Services is number one fund in price to earning among similar funds. It is number one fund in price to book among similar funds fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Oil Equipment Services is roughly 16.12 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Oil Equipment by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Oil Equipment's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Oil Equipment's earnings, one of the primary drivers of an investment's value.Oil Equipment Services Systematic Risk
Oil Equipment's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Oil Equipment volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Oil Equipment Services correlated with the market. If Beta is less than 0 Oil Equipment generally moves in the opposite direction as compared to the market. If Oil Equipment Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Oil Equipment Services is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Oil Equipment is generally in the same direction as the market. If Beta > 1 Oil Equipment moves generally in the same direction as, but more than the movement of the benchmark.
Oil Equipment Thematic Clasifications
Oil Equipment Services is part of Macroaxis Index investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Macroaxis power theme of selected equities with solid fundamentals. An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system
This theme covers Macroaxis power theme of selected equities with solid fundamentals. An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system. Get More Thematic Ideas
Oil Equipment Services is number one fund in net asset among similar funds. Total Asset Under Management (AUM) of Equity Energy category is currently estimated at about 253.95 Million. Oil Equipment holds roughly 18.44 Million in net asset claiming about 7% of all funds under Equity Energy category.| Macroaxis Index | View |
Oil Equipment April 19, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Oil Equipment help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Oil Equipment Services. We use our internally-developed statistical techniques to arrive at the intrinsic value of Oil Equipment Services based on widely used predictive technical indicators. In general, we focus on analyzing Oil Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oil Equipment's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.1204 | |||
| Maximum Drawdown | 9.08 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.54 |
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 gross domestic product. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.