Oppenheimer Aggrssv Correlations

OCAIX Fund

USD 14.49 0.10 0.69%

The current 90-days correlation between Oppenheimer Aggrssv and American Funds Growth is -0.03 (i.e., Good diversification). The correlation of Oppenheimer Aggrssv 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 Aggrssv Correlation With Market

Good diversification

The correlation between Oppenheimer Aggrssv Invstr and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Aggrssv Invstr and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oppenheimer Aggrssv Invstr. 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 together with Oppenheimer Mutual Fund

0.95	OARDX	Oppenheimer Rising	Pair Corr
0.75	AMHYX	Invesco High Yield	Pair Corr
0.76	HYIFX	Invesco High Yield	Pair Corr
0.77	HYINX	Invesco High Yield	Pair Corr
0.69	ILAAX	Invesco Income Allocation	Pair Corr
0.66	BRCRX	Invesco Balanced Risk	Pair Corr
0.67	BRCNX	Invesco Balanced Risk	Pair Corr
0.71	BRCCX	Invesco Balanced Risk	Pair Corr
0.67	BRCAX	Invesco Balanced Risk	Pair Corr
0.72	BRCYX	Invesco Balanced Risk	Pair Corr
1.0	PXGGX	Invesco Select Risk	Pair Corr
0.87	OTFCX	Oppenheimer Target	Pair Corr
0.98	PXMQX	Invesco Select Risk	Pair Corr
0.97	PXMSX	Invesco Select Risk	Pair Corr
0.9	DIGGX	Invesco Discovery	Pair Corr
0.98	PXMMX	Invesco Select Risk	Pair Corr
1.0	PXQIX	Invesco Select Risk	Pair Corr
0.73	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.74	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	MLPEX	Steelpath Select	Pair Corr
0.71	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr

Moving against Oppenheimer Mutual Fund

0.42	OSMCX	Oppenheimer International	Pair Corr
0.41	OSMAX	Oppenheimer International	Pair Corr
0.41	INSLX	Aim International Mutual	Pair Corr
0.31	INGFX	Invesco Oppenheimer	Pair Corr

Related Correlations Analysis

	GWPFX	GWPAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF
GWPFX		0.94	-0.76	0.0	-0.33	0.85	0.65	0.11	-0.22	GWPFX
GWPAX	0.94		-0.73	0.0	-0.4	0.78	0.65	0.08	-0.26	GWPAX
444859BR2	-0.76	-0.73		0.0	0.3	-0.62	-0.59	-0.09	0.21	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.33	-0.4	0.3	0.0		-0.5	-0.45	-0.44	-0.02	BRRAY
MSTSX	0.85	0.78	-0.62	0.0	-0.5		0.72	0.4	0.03	MSTSX
LBHIX	0.65	0.65	-0.59	0.0	-0.45	0.72		0.62	-0.21	LBHIX
ABHYX	0.11	0.08	-0.09	0.0	-0.44	0.4	0.62		-0.01	ABHYX
SCAXF	-0.22	-0.26	0.21	0.0	-0.02	0.03	-0.21	-0.01		SCAXF
	GWPFX	GWPAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF

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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

GWPAX	+ 0.94	GWPFX
MSTSX	+ 0.85	GWPFX
MSTSX	+ 0.78	GWPAX
LBHIX	+ 0.72	MSTSX
LBHIX	+ 0.65	GWPFX
LBHIX	+ 0.65	GWPAX

High negative correlations

444859BR2	- 0.76	GWPFX
444859BR2	- 0.73	GWPAX
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2
MSTSX	- 0.5	BRRAY
LBHIX	- 0.45	BRRAY

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Aggrssv 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 Aggrssv'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
GWPFX	0.62	(0.02)	(0.03)	0.07	0.84	(0.61)	1.29	(1.59)	3.75
GWPAX	0.63	0.06	(0.03)	(1.96)	0.83	(0.62)	1.29	(1.59)	3.77
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47

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