Oppenheimer Disciplined Correlations

CGRYX Fund

USD 39.48 0.38 0.97%

The current 90-days correlation between Oppenheimer Disciplined and Small Cap Stock is 0.87 (i.e., Very poor diversification). The correlation of Oppenheimer Disciplined is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Oppenheimer Disciplined Correlation With Market

Good diversification

The correlation between Oppenheimer Disciplined Value and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Disciplined Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Oppenheimer Disciplined Value. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Oppenheimer Mutual Fund

0.94	OSCNX	Oppenheimer Main Street	Pair Corr
0.86	OSCYX	Oppenheimer Main Street	Pair Corr
0.88	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	OSSIX	Oppenheimer Main Street	Pair Corr
0.89	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.85	OTCYX	Oppenheimer Capital	Pair Corr
0.88	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.96	ODINX	Oppenheimer Discovery	Pair Corr
0.96	ODIYX	Oppenheimer Discovery	Pair Corr
1.0	CGRNX	Oppenheimer Value	Pair Corr
0.94	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.91	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.94	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.93	QOPIX	Oppenheimer Flexible	Pair Corr

Moving against Oppenheimer Mutual Fund

0.68	OSCIX	Oppenheimer Intl Small	Pair Corr
0.68	OSMNX	Oppenheimer Intl Small	Pair Corr
0.68	OSMYX	Oppenheimer Intl Small	Pair Corr
0.5	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.5	OSIYX	Oppenheimer Strategic	Pair Corr
0.48	OSINX	Oppenheimer Strat Incm	Pair Corr
0.6	OEMNX	Ophmr Eml Dbt	Pair Corr
0.58	OEMIX	Ophmr Eml Dbt	Pair Corr
0.58	OEMYX	Ophmr Eml Dbt	Pair Corr
0.71	OFINX	Oppenheimer Corporate	Pair Corr
0.7	OFIIX	Oppenheimer Corporate	Pair Corr
0.69	OFIYX	Oppenheimer Corporate	Pair Corr
0.32	OYCIX	Oppenhemier Cnsrvtv	Pair Corr

Related Correlations Analysis

	USCAX	SMPIX	AUERX	ABVCX	EICVX	LANIX	BOSVX	CABIX
USCAX		0.68	0.68	0.86	0.79	0.83	0.89	0.22	USCAX
SMPIX	0.68		0.64	0.8	0.74	0.84	0.63	0.15	SMPIX
AUERX	0.68	0.64		0.65	0.78	0.8	0.73	0.55	AUERX
ABVCX	0.86	0.8	0.65		0.88	0.92	0.81	0.17	ABVCX
EICVX	0.79	0.74	0.78	0.88		0.9	0.86	0.25	EICVX
LANIX	0.83	0.84	0.8	0.92	0.9		0.85	0.28	LANIX
BOSVX	0.89	0.63	0.73	0.81	0.86	0.85		0.07	BOSVX
CABIX	0.22	0.15	0.55	0.17	0.25	0.28	0.07		CABIX
	USCAX	SMPIX	AUERX	ABVCX	EICVX	LANIX	BOSVX	CABIX

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Disciplined Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Oppenheimer Disciplined's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USCAX	0.96	0.11	0.01	0.64	0.92	(1.15)	2.26	(1.70)	7.45
SMPIX	2.73	0.16	0.01	(1.68)	3.97	(2.47)	5.38	(6.39)	18.07
AUERX	0.73	(0.08)	(0.08)	0.03	0.96	(0.77)	1.62	(1.45)	4.29
ABVCX	0.55	0.14	0.05	7.79	0.27	(0.69)	1.27	(0.80)	3.88
EICVX	0.47	(0.01)	(0.11)	0.11	0.38	(0.54)	1.06	(0.71)	2.04
LANIX	0.50	(0.03)	(0.09)	0.08	0.56	(0.53)	0.99	(0.87)	3.06
BOSVX	0.97	(0.07)	0.00	0.07	0.88	(1.11)	2.11	(1.62)	8.98
CABIX	0.32	0.01	(0.24)	0.54	0.35	(0.38)	0.69	(0.72)	2.27

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