Oppenheimer Global Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Global Fd
OGLIX Fund  USD 99.40  0.93  0.93%   
The current 90-days correlation between Oppenheimer Global and American Century Diversified is 0.07 (i.e., Significant diversification). The correlation of Oppenheimer Global 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 Global Correlation With Market

Modest diversification

The correlation between Oppenheimer Global Fd and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Global Fd 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 Global Fd. 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

  0.9OSCNX Oppenheimer Main StreetPairCorr
  0.97OSCIX Oppenheimer Intl SmallPairCorr
  0.91OSCYX Oppenheimer Main StreetPairCorr
  0.97OSMNX Oppenheimer Intl SmallPairCorr
  0.97OSMYX Oppenheimer Intl SmallPairCorr
  0.91OSSIX Oppenheimer Main StreetPairCorr
  0.66OTCNX Oppenheimer Cap ApprecPairCorr
  0.78OCAYX Oppenheimer Roc CaPairCorr
  0.82ODINX Oppenheimer DiscoveryPairCorr
  0.81ODIYX Oppenheimer DiscoveryPairCorr
  0.9CGRNX Oppenheimer ValuePairCorr
  0.9CGRYX Oppenheimer DisciplinedPairCorr
  0.84OEGYX Oppenhmr Discovery MidPairCorr
  0.84OEGIX Oppenhmr Discovery MidPairCorr
  0.86OEGNX Oppenhmr Discovery MidPairCorr
  0.81OFIIX Oppenheimer CorporatePairCorr
  0.83OFINX Oppenheimer CorporatePairCorr
  0.82OFIYX Oppenheimer CorporatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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