Oppenheimer Emerging Correlations

Summary

EMVIXDelisted Fund

USD 7.99 0.00 0.00%

The current 90-days correlation between Oppenheimer Emerging and Alternative Asset Allocation is -0.01 (i.e., Good diversification). The correlation of Oppenheimer Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Oppenheimer Emerging Markets and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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 gross domestic product.

Moving against Oppenheimer Mutual Fund

0.4	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.4	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.4	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.52	DIS	Walt Disney Aggressive Push	Pair Corr
0.51	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.45	HD	Home Depot Sell-off Trend	Pair Corr
0.43	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.43	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.42	BAC	Bank of America Aggressive Push	Pair Corr
0.36	WMT	Walmart Aggressive Push	Pair Corr
0.36	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.35	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.33	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	JAAIX	DFELX	RETSX	UPAAX	HBAIX	LMUSX	TRBCX	TFCCX
JAAIX		0.8	0.78	0.77	0.85	0.77	0.76	0.66	JAAIX
DFELX	0.8		1.0	0.96	0.86	0.95	0.99	0.88	DFELX
RETSX	0.78	1.0		0.95	0.87	0.95	0.98	0.89	RETSX
UPAAX	0.77	0.96	0.95		0.89	0.89	0.94	0.77	UPAAX
HBAIX	0.85	0.86	0.87	0.89		0.76	0.82	0.63	HBAIX
LMUSX	0.77	0.95	0.95	0.89	0.76		0.95	0.95	LMUSX
TRBCX	0.76	0.99	0.98	0.94	0.82	0.95		0.88	TRBCX
TFCCX	0.66	0.88	0.89	0.77	0.63	0.95	0.88		TFCCX
	JAAIX	DFELX	RETSX	UPAAX	HBAIX	LMUSX	TRBCX	TFCCX

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Emerging 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 Emerging'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
JAAIX	0.15	0.02	(0.46)	1.40	0.00	(0.20)	0.37	(0.31)	0.88
DFELX	0.56	0.00	(0.02)	0.12	0.70	(0.59)	1.15	(1.36)	3.90
RETSX	0.52	(0.01)	(0.04)	0.11	0.64	(0.55)	1.04	(1.46)	4.06
UPAAX	1.27	(0.07)	0.01	0.08	1.70	(1.35)	2.67	(3.14)	7.75
HBAIX	0.35	(0.03)	(0.18)	0.06	0.42	(0.38)	0.83	(0.68)	2.05
LMUSX	0.61	0.12	0.00	2.44	0.73	(0.69)	1.28	(1.49)	4.08
TRBCX	0.72	0.02	0.00	0.14	0.95	(0.67)	1.66	(2.18)	4.86
TFCCX	0.50	0.11	(0.02)	(5.13)	0.38	(0.58)	0.93	(0.98)	3.59

Oppenheimer Emerging Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Oppenheimer Emerging mutual fund to make a market-neutral strategy. Peer analysis of Oppenheimer Emerging could also be used in its relative valuation, which is a method of valuing Oppenheimer Emerging by comparing valuation metrics with similar companies.

Alternative Asset Allocation Enhanced Large Pany Tax Managed Large Cap Upright Assets Allocation Hartford Moderate Allocation Qs Large Cap T Rowe Price Touchstone Large Cap American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Oppenheimer Emerging Markets?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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