Oppenheimer International Correlations

OIBAX Fund

USD 4.33 0.01 0.23%

The current 90-days correlation between Oppenheimer International and The Hartford Small is 0.14 (i.e., Average diversification). The correlation of Oppenheimer International 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 International Correlation With Market

Average diversification

The correlation between Oppenheimer International Bond and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer International Bond 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 International Bond. 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 nation.

Moving together with Oppenheimer Mutual Fund

0.73	VMICX	Invesco Municipal Income	Pair Corr
0.67	VMINX	Invesco Municipal Income	Pair Corr
0.68	VMIIX	Invesco Municipal Income	Pair Corr
0.98	OSICX	Oppenheimer Strategic	Pair Corr
0.84	OSMAX	Oppenheimer International	Pair Corr
0.84	OSMCX	Oppenheimer International	Pair Corr
0.9	PXCCX	Invesco Select Risk	Pair Corr
0.9	PXCIX	Invesco Select Risk	Pair Corr
0.95	EMLDX	Invesco Emerging Markets	Pair Corr
0.76	OCACX	Oppenheimer Roc Ca	Pair Corr
0.94	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Moving against Oppenheimer Mutual Fund

0.44	OTFCX	Oppenheimer Target	Pair Corr
0.41	OARDX	Oppenheimer Rising	Pair Corr
0.36	DIGGX	Invesco Discovery	Pair Corr
0.51	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.5	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.5	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.48	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.45	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.45	MLPEX	Steelpath Select	Pair Corr
0.41	OCRDX	Oppenheimer Rising	Pair Corr
0.38	SCAYX	Invesco Low Volatility	Pair Corr
0.38	SCAUX	Invesco Low Volatility	Pair Corr
0.38	SCCUX	Invesco Low Volatility	Pair Corr

Related Correlations Analysis

	HSCYX	BOSVX	MSSGX	MCSCX	KSCYX	TVOYX	AATSX
HSCYX		0.95	0.83	0.98	0.86	0.97	0.97	HSCYX
BOSVX	0.95		0.79	0.97	0.8	0.96	0.94	BOSVX
MSSGX	0.83	0.79		0.82	0.97	0.9	0.92	MSSGX
MCSCX	0.98	0.97	0.82		0.83	0.97	0.96	MCSCX
KSCYX	0.86	0.8	0.97	0.83		0.91	0.93	KSCYX
TVOYX	0.97	0.96	0.9	0.97	0.91		0.98	TVOYX
AATSX	0.97	0.94	0.92	0.96	0.93	0.98		AATSX
	HSCYX	BOSVX	MSSGX	MCSCX	KSCYX	TVOYX	AATSX

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer International 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 International'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
HSCYX	0.89	(0.03)	0.01	0.10	0.97	(0.95)	1.91	(1.57)	6.60
BOSVX	1.01	(0.05)	0.03	0.09	0.82	(1.18)	2.15	(1.62)	8.98
MSSGX	1.47	0.55	0.28	64.67	1.09	(1.82)	3.46	(2.26)	7.23
MCSCX	0.96	(0.03)	0.03	0.10	1.01	(1.12)	2.19	(1.52)	7.55
KSCYX	1.20	0.60	0.44	0.59	0.61	(1.49)	3.29	(1.42)	7.24
TVOYX	0.81	0.00	0.05	0.12	0.65	(1.00)	1.71	(1.42)	6.73
AATSX	0.81	0.05	0.08	0.17	0.70	(0.90)	2.14	(1.37)	5.48

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