Oppenheimer Rochester Correlations

Mutual Funds USA . 
Fund . Oppenheimer Rochester Ltdterm
LTNCX Fund  USD 2.80  0.01  0.36%   
The current 90-days correlation between Oppenheimer Rochester and Calvert Short Duration is 0.06 (i.e., Significant diversification). The correlation of Oppenheimer Rochester 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 Rochester Correlation With Market

Significant diversification

The correlation between Oppenheimer Rochester Ltdterm and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Rochester Ltdterm and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Oppenheimer Rochester Ltdterm. 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 main economic indicators.

Moving together with Oppenheimer Mutual Fund

  0.91VMICX Invesco Municipal IncomePairCorr
  0.85VMINX Invesco Municipal IncomePairCorr
  0.91VMIIX Invesco Municipal IncomePairCorr
  0.61OSICX Oppenheimer StrategicPairCorr
  0.61PXCCX Invesco Select RiskPairCorr
  0.83OCACX Oppenheimer Roc CaPairCorr
  0.71STBAX Invesco Short TermPairCorr
  0.73STBCX Invesco Short TermPairCorr
  0.64STBYX Invesco Short TermPairCorr
  0.7STBRX Invesco Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Rochester 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 Rochester'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.

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