Oppenheimer Gold Variance
| OGMCX Fund | | | USD 50.69 -2.18 -4.12% |
This module presents the Variance indicator for Oppenheimer Gold Special using available market inputs. The
Equity Screeners framework provides wider technical analysis context.
Your Equity Center provides context for diversified portfolio construction. All figures are based on reported data and are informational in nature. Oppenheimer Gold Special can be added to a watchlist or portfolio for position tracking. Correlation data between positions helps assess portfolio-level risk. Broader economic conditions can influence Oppenheimer Gold Special's mutual fund valuation — related indicators include
signals in housing.
Oppenheimer Gold Special has current Variance of 10.84. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 10.84 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Oppenheimer Gold Special is rated
fourth in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
1.54 of Maximum Drawdown per Variance. At
1.54 , Oppenheimer Gold Special's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare Oppenheimer Gold to Peers
Other Technical Indicators