Oppenheimer Roc Correlations
| OPAYX Fund | USD 10.40 0.01 0.1% |
The current 90-days correlation between Oppenheimer Roc Penn and American Century Etf is -0.38 (i.e., Very 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
Average diversification
The correlation between Oppenheimer Roc Penn and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Roc Penn and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Oppenheimer Mutual Fund
Related Correlations Analysis
| 0.91 | 0.87 | 0.47 | 0.91 | 0.98 | 0.99 | AVCNX | ||
| 0.91 | 0.95 | 0.58 | 0.96 | 0.92 | 0.88 | ABYSX | ||
| 0.87 | 0.95 | 0.7 | 0.87 | 0.9 | 0.82 | HFMDX | ||
| 0.47 | 0.58 | 0.7 | 0.37 | 0.57 | 0.44 | PVCMX | ||
| 0.91 | 0.96 | 0.87 | 0.37 | 0.88 | 0.9 | LRSFX | ||
| 0.98 | 0.92 | 0.9 | 0.57 | 0.88 | 0.96 | UMPSX | ||
| 0.99 | 0.88 | 0.82 | 0.44 | 0.9 | 0.96 | HRVIX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVCNX | 0.94 | 0.13 | 0.03 | 1.44 | 0.77 | 2.13 | 8.37 | |||
| ABYSX | 0.82 | (0.02) | 0.02 | 0.10 | 0.82 | 1.94 | 5.95 | |||
| HFMDX | 0.93 | 0.01 | 0.04 | 0.13 | 0.99 | 2.13 | 6.45 | |||
| PVCMX | 0.13 | 0.00 | (0.59) | 0.09 | 0.03 | 0.31 | 0.70 | |||
| LRSFX | 0.93 | (0.02) | 0.04 | 0.11 | 0.83 | 2.15 | 7.23 | |||
| UMPSX | 1.41 | 0.18 | 0.05 | 1.18 | 1.47 | 3.41 | 10.41 | |||
| HRVIX | 0.84 | 0.11 | 0.00 | 1.56 | 0.75 | 1.83 | 7.46 |