Oppenheimer Roc Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Roc Ca
OCAYX Fund  USD 7.92  0.01  0.13%   
The current 90-days correlation between Oppenheimer Roc Ca and Lsv Small Cap is -0.05 (i.e., Good diversification). The correlation of Oppenheimer Roc 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 Roc Correlation With Market

Very weak diversification

The correlation between Oppenheimer Roc Ca and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Roc Ca 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 Roc Ca. 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 producer price index.

Moving together with Oppenheimer Mutual Fund

  0.65OSIIX Oppenheimer Global StrtgcPairCorr
  0.67OSINX Oppenheimer Strat IncmPairCorr
  0.65OSIYX Oppenheimer StrategicPairCorr
  0.61OSPAX Oppenheimer Steelpath MlpPairCorr
  0.65OSPMX Oppenheimer Steelpath MlpPairCorr
  0.62OSPPX Oppenheimer Steelpath MlpPairCorr
  0.63OSPSX Oppenheimer Steelpath MlpPairCorr
  0.61MLPOX Oppenheimer Steelpath MlpPairCorr
  0.62MLPNX Oppenheimer Steelpath MlpPairCorr
  0.63MLPTX Oppenheimer Steelpath MlpPairCorr
  0.65MLPZX Oppenheimer Steelpath MlpPairCorr
  0.69QMGIX Oppenheimer GlobalPairCorr
  0.69QMGRX Oppenheimer GlobalPairCorr
  0.69QMGYX Oppenheimer GlobalPairCorr
  0.69QMGAX Oppenheimer GlobalPairCorr
  0.69QMGCX Oppenheimer GlobalPairCorr
  0.66OEMIX Ophmr Eml DbtPairCorr
  0.67OEMNX Ophmr Eml DbtPairCorr
  0.67OEMYX Ophmr Eml DbtPairCorr
  0.62QOPIX Oppenheimer FlexiblePairCorr
  0.62QOPNX Oppenheimer FlexiblePairCorr
  0.62QOPYX Oppenheimer FlexiblePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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