Oppenheimer Disciplined Correlations

CGRYX Fund

USD 33.97 0.06 0.18%

The current 90-days correlation between Oppenheimer Disciplined and Vy T Rowe is 0.36 (i.e., Weak 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

Significant diversification

The correlation between Oppenheimer Disciplined Value and DJI is 0.08 (i.e., Significant 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

0.88	OSCNX	Oppenheimer Main Street	Pair Corr
0.9	OSCIX	Oppenheimer Intl Small	Pair Corr
0.88	OSCYX	Oppenheimer Main Street	Pair Corr
0.91	OSMNX	Oppenheimer Intl Small	Pair Corr
0.9	OSMYX	Oppenheimer Intl Small	Pair Corr
0.89	OSSIX	Oppenheimer Main Street	Pair Corr
0.86	ODINX	Oppenheimer Discovery	Pair Corr
0.8	ODIYX	Oppenheimer Discovery	Pair Corr
1.0	CGRNX	Oppenheimer Value	Pair Corr
0.7	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.69	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.79	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.76	OEMIX	Ophmr Eml Dbt	Pair Corr
0.76	OEMNX	Ophmr Eml Dbt	Pair Corr
0.74	OEMYX	Ophmr Eml Dbt	Pair Corr
0.62	OFIIX	Oppenheimer Corporate	Pair Corr
0.67	OFINX	Oppenheimer Corporate	Pair Corr
0.62	OFIYX	Oppenheimer Corporate	Pair Corr

Moving against Oppenheimer Mutual Fund

0.47

OSIYX

Oppenheimer Strategic

Pair Corr

Related Correlations Analysis

	VYRIX	MBLAX	QDARX	JDJRX	PGBAX	DSCPX	GABSX
VYRIX		0.58	-0.54	0.03	0.71	0.62	0.55	VYRIX
MBLAX	0.58		-0.27	-0.24	0.64	0.82	0.88	MBLAX
QDARX	-0.54	-0.27		0.24	-0.39	-0.53	-0.41	QDARX
JDJRX	0.03	-0.24	0.24		0.15	-0.29	-0.36	JDJRX
PGBAX	0.71	0.64	-0.39	0.15		0.71	0.64	PGBAX
DSCPX	0.62	0.82	-0.53	-0.29	0.71		0.97	DSCPX
GABSX	0.55	0.88	-0.41	-0.36	0.64	0.97		GABSX
	VYRIX	MBLAX	QDARX	JDJRX	PGBAX	DSCPX	GABSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GABSX	+ 0.97	DSCPX
GABSX	+ 0.88	MBLAX
DSCPX	+ 0.82	MBLAX
PGBAX	+ 0.71	VYRIX
DSCPX	+ 0.71	PGBAX
PGBAX	+ 0.64	MBLAX

High negative correlations

QDARX	- 0.54	VYRIX
DSCPX	- 0.53	QDARX
GABSX	- 0.41	QDARX
PGBAX	- 0.39	QDARX
GABSX	- 0.36	JDJRX
DSCPX	- 0.29	JDJRX

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
VYRIX	0.93	0.15	0.06	1.47	1.16	(0.97)	1.83	(1.64)	7.60
MBLAX	0.23	(0.01)	(0.22)	(0.02)	0.30	(0.29)	0.46	(0.31)	1.79
QDARX	0.10	0.00	(0.38)	0.21	0.06	(0.15)	0.25	(0.25)	0.74
JDJRX	0.39	0.06	(0.03)	2.05	0.31	(0.48)	1.03	(0.76)	2.40
PGBAX	0.15	(0.01)	(0.36)	(0.21)	0.16	(0.21)	0.34	(0.34)	0.93
DSCPX	0.77	0.06	0.00	0.65	0.97	(0.86)	1.75	(1.30)	8.80
GABSX	0.77	0.05	(0.01)	0.47	0.95	(0.85)	1.65	(1.35)	9.00

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