Optimum International Fund Market Value
| OIIEX Fund | USD 15.31 0.28 1.86% |
| Symbol | Optimum |
Optimum International '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 International'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 International.
| 04/25/2025 |
| 07/24/2025 |
If you would invest 0.00 in Optimum International on April 25, 2025 and sell it all today you would earn a total of 0.00 from holding Optimum International Fund or generate 0.0% return on investment in Optimum International over 90 days. Optimum International is related to or competes with Ab Global, Ab Bond, Morningstar Defensive, Old Westbury, and National Tax. The investment seeks long-term growth of capital and may also seek income More
Optimum International 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 International'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 International Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5279 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 1.14 |
Optimum International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimum International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimum International's standard deviation. In reality, there are many statistical measures that can use Optimum International historical prices to predict the future Optimum International's volatility.| Risk Adjusted Performance | 0.2796 | |||
| Jensen Alpha | 0.1189 | |||
| Total Risk Alpha | 0.045 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5488 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Optimum International'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.
Optimum International Backtested Returns
Optimum International appears to be very steady, given 3 months investment horizon. Optimum International maintains Sharpe Ratio (i.e., Efficiency) of 0.33, which implies the entity had a 0.33 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Optimum International, which you can use to evaluate the volatility of the fund. Please evaluate Optimum International's Standard Deviation of 0.6282, downside deviation of 0.5279, and Risk Adjusted Performance of 0.2796 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Optimum International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Optimum International is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Optimum International Fund has good predictability. Overlapping area represents the amount of predictability between Optimum International time series from 25th of April 2025 to 9th of June 2025 and 9th of June 2025 to 24th of July 2025. 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 International price movement. The serial correlation of 0.73 indicates that around 73.0% of current Optimum International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Optimum International lagged returns against current returns
Autocorrelation, which is Optimum International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Optimum International returns to help us make a trade decision. For example, suppose you find that Optimum International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Optimum International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimum International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Optimum International Lagged Returns
When evaluating Optimum International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimum International mutual fund have on its future price. Optimum International 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 International autocorrelation shows the relationship between Optimum International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Optimum International Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Optimum Mutual Fund
Optimum International financial ratios help investors to determine whether Optimum Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Optimum with respect to the benefits of owning Optimum International security.
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