Vy(r) Oppenheimer Correlations
| IOGPX Fund | USD 7.14 0.05 0.70% |
The current 90-days correlation between Vy Oppenheimer Global and T Rowe Price is 0.29 (i.e., Modest diversification). The correlation of Vy(r) Oppenheimer 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.
Vy(r) |
Moving together with Vy(r) Mutual Fund
| 0.96 | IMOPX | Voya Midcap Opportunities | PairCorr |
| 0.72 | IPESX | Voya Large Cap | PairCorr |
| 0.72 | IPETX | Voya Large Cap | PairCorr |
| 0.82 | IPHYX | Voya High Yield | PairCorr |
| 0.95 | IPLSX | Voya Index Plus | PairCorr |
| 0.85 | IPMIX | Voya Index Plus | PairCorr |
Related Correlations Analysis
| 0.82 | 0.64 | 0.81 | 0.92 | 0.27 | PRNHX | ||
| 0.82 | 0.95 | 0.65 | 0.76 | 0.68 | RETSX | ||
| 0.64 | 0.95 | 0.45 | 0.56 | 0.8 | TFAGX | ||
| 0.81 | 0.65 | 0.45 | 0.77 | 0.03 | EIPIX | ||
| 0.92 | 0.76 | 0.56 | 0.77 | 0.28 | GQESX | ||
| 0.27 | 0.68 | 0.8 | 0.03 | 0.28 | GLVIX | ||
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Risk-Adjusted Indicators
There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Oppenheimer 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 Vy(r) Oppenheimer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRNHX | 0.90 | 0.02 | 0.00 | 0.11 | 1.19 | 1.80 | 7.56 | |||
| RETSX | 0.59 | 0.04 | 0.00 | 0.17 | 0.78 | 1.19 | 5.40 | |||
| TFAGX | 0.78 | 0.06 | 0.02 | 0.19 | 1.03 | 1.61 | 5.84 | |||
| EIPIX | 0.89 | 0.01 | (0.02) | 0.09 | 1.80 | 1.76 | 9.39 | |||
| GQESX | 0.58 | (0.01) | (0.05) | 0.04 | 1.13 | 1.17 | 5.13 | |||
| GLVIX | 0.77 | 0.12 | 0.07 | 0.38 | 0.82 | 1.53 | 5.26 |