Ophmr Eml Correlations

OEMIX Fund

USD 5.20 0.01 0.19%

The current 90-days correlation between Ophmr Eml Dbt and Aqr Large Cap is -0.1 (i.e., Good diversification). The correlation of Ophmr Eml 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.

Ophmr Eml Correlation With Market

Significant diversification

The correlation between Ophmr Eml Dbt and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ophmr Eml Dbt 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 Ophmr Eml Dbt. 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 Ophmr Mutual Fund

0.91	OSCIX	Oppenheimer Intl Small	Pair Corr
0.95	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.95	OSINX	Oppenheimer Strat Incm	Pair Corr
0.95	OSIYX	Oppenheimer Strategic	Pair Corr
0.91	OSMNX	Oppenheimer Intl Small	Pair Corr
0.91	OSMYX	Oppenheimer Intl Small	Pair Corr
0.67	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.97	OEMNX	Ophmr Eml Dbt	Pair Corr
1.0	OEMYX	Ophmr Eml Dbt	Pair Corr
0.92	OFIIX	Oppenheimer Corporate	Pair Corr
0.89	OFINX	Oppenheimer Corporate	Pair Corr
0.92	OFIYX	Oppenheimer Corporate	Pair Corr

Moving against Ophmr Mutual Fund

0.63	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.59	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.59	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.58	OTCYX	Oppenheimer Capital	Pair Corr
0.57	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.47	OSCYX	Oppenheimer Main Street	Pair Corr
0.45	OSCNX	Oppenheimer Main Street	Pair Corr
0.45	OSSIX	Oppenheimer Main Street	Pair Corr
0.33	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.33	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.57	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.56	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.54	CGRYX	Oppenheimer Disciplined	Pair Corr
0.53	CGRNX	Oppenheimer Value	Pair Corr
0.49	ODIYX	Oppenheimer Discovery	Pair Corr
0.48	ODINX	Oppenheimer Discovery	Pair Corr

Related Correlations Analysis

	QCERX	OWLSX	TADGX	GQLVX
QCERX		0.92	0.82	0.91	QCERX
OWLSX	0.92		0.78	0.94	OWLSX
TADGX	0.82	0.78		0.79	TADGX
GQLVX	0.91	0.94	0.79		GQLVX
	QCERX	OWLSX	TADGX	GQLVX

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Risk-Adjusted Indicators

There is a big difference between Ophmr Mutual Fund performing well and Ophmr Eml 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 Ophmr Eml'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
QCERX	0.64	(0.01)	(0.01)	0.09	0.73	(0.70)	1.52	(1.22)	4.31
OWLSX	0.52	0.06	(0.06)	(0.84)	0.65	(0.56)	1.21	(1.18)	3.44
TADGX	0.48	(0.04)	(0.12)	0.04	0.52	(0.51)	0.99	(0.94)	2.87
GQLVX	0.56	0.08	(0.04)	6.19	0.44	(0.67)	1.27	(0.86)	3.59

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