Oppenheimer International Correlations

OIGAX Fund

USD 36.31 0.10 0.27%

The current 90-days correlation between Oppenheimer International and Tfa Alphagen Growth is 0.61 (i.e., Poor 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

Very weak diversification

The correlation between Oppenheimer International Grow and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer International Grow 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 Growth. 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

0.83	OSICX	Oppenheimer Strategic	Pair Corr
0.98	OSMAX	Oppenheimer International	Pair Corr
0.72	PXCCX	Invesco Select Risk	Pair Corr
0.72	PXCIX	Invesco Select Risk	Pair Corr
0.9	EMLDX	Invesco Emerging Markets	Pair Corr
0.82	INBQX	Aim Investment Funds	Pair Corr
0.83	GGHYX	Invesco Global Health	Pair Corr

Moving against Oppenheimer Mutual Fund

0.76	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.58	OTFCX	Oppenheimer Target	Pair Corr
0.58	SCAYX	Invesco Low Volatility	Pair Corr
0.58	SCIUX	Invesco Low Volatility	Pair Corr
0.57	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.56	OARDX	Oppenheimer Rising	Pair Corr
0.56	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.55	OCRDX	Oppenheimer Rising	Pair Corr
0.55	ODIIX	Oppenheimer Discovery	Pair Corr
0.53	FSIUX	Invesco Dividend Income	Pair Corr
0.42	AMHYX	Invesco High Yield	Pair Corr
0.42	HYINX	Invesco High Yield	Pair Corr
0.65	FTCHX	Invesco Technology	Pair Corr
0.62	CHFTX	Invesco Charter	Pair Corr
0.62	CHRSX	Invesco Charter	Pair Corr
0.62	CHTYX	Invesco Charter	Pair Corr
0.61	VAFAX	Invesco American Fra	Pair Corr
0.61	VAFFX	Invesco American Fra	Pair Corr
0.56	CGRWX	Oppenheimer Value	Pair Corr
0.52	FSTUX	Invesco Dividend Income	Pair Corr
0.52	VADCX	Invesco Equally-weighted	Pair Corr
0.5	VADDX	Invesco Equally-weighted	Pair Corr
0.49	FSTEX	Invesco Energy	Pair Corr
0.49	FDATX	Aim Investment Securities	Pair Corr
0.34	AAESX	Invesco Growth Allocation	Pair Corr

Related Correlations Analysis

	TFAGX	KSCYX	LMBMX	CHASX	TRBCX	QUAIX	RGABX	TVOYX
TFAGX		0.9	0.92	0.96	0.98	0.96	0.99	0.91	TFAGX
KSCYX	0.9		0.89	0.94	0.91	0.89	0.9	0.92	KSCYX
LMBMX	0.92	0.89		0.9	0.89	0.96	0.91	0.99	LMBMX
CHASX	0.96	0.94	0.9		0.96	0.93	0.97	0.92	CHASX
TRBCX	0.98	0.91	0.89	0.96		0.95	0.99	0.9	TRBCX
QUAIX	0.96	0.89	0.96	0.93	0.95		0.97	0.94	QUAIX
RGABX	0.99	0.9	0.91	0.97	0.99	0.97		0.91	RGABX
TVOYX	0.91	0.92	0.99	0.92	0.9	0.94	0.91		TVOYX
	TFAGX	KSCYX	LMBMX	CHASX	TRBCX	QUAIX	RGABX	TVOYX

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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
TFAGX	0.59	(0.01)	(0.02)	0.11	0.82	(0.63)	1.32	(1.38)	4.35
KSCYX	1.26	0.48	0.28	0.56	1.15	(1.46)	3.29	(2.03)	13.94
LMBMX	0.95	(0.06)	0.01	0.08	1.06	(1.07)	1.95	(1.75)	8.01
CHASX	0.66	0.15	0.05	2.11	0.72	(0.75)	1.31	(1.44)	4.83
TRBCX	0.72	0.02	0.00	0.14	0.95	(0.67)	1.66	(2.18)	4.86
QUAIX	0.93	0.01	0.05	0.13	1.02	(1.00)	1.92	(2.14)	6.76
RGABX	0.65	0.02	0.01	0.14	0.85	(0.65)	1.34	(1.66)	4.40
TVOYX	0.80	(0.02)	0.02	0.11	0.68	(0.96)	1.70	(1.42)	6.73

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