Oppenheimer Roc Correlations

ORNYX Fund

USD 6.65 0.01 0.15%

The current 90-days correlation between Oppenheimer Roc High and Ab Municipal Bond is 0.15 (i.e., Average 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

Poor diversification

The correlation between Oppenheimer Roc High and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Roc High 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 Roc High. 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 unemployment.

Moving together with Oppenheimer Mutual Fund

0.61	OSCNX	Oppenheimer Main Street	Pair Corr
0.62	OSCYX	Oppenheimer Main Street	Pair Corr
0.77	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.77	OSINX	Oppenheimer Strat Incm	Pair Corr
0.77	OSIYX	Oppenheimer Strategic	Pair Corr
0.87	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	OSSIX	Oppenheimer Main Street	Pair Corr
0.95	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.87	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	ODINX	Oppenheimer Discovery	Pair Corr
0.68	ODIYX	Oppenheimer Discovery	Pair Corr
0.83	QMGIX	Oppenheimer Global	Pair Corr
0.84	QMGRX	Oppenheimer Global	Pair Corr
0.84	QMGYX	Oppenheimer Global	Pair Corr
0.84	QMGAX	Oppenheimer Global	Pair Corr
0.84	QMGCX	Oppenheimer Global	Pair Corr
0.71	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.71	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.66	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.82	OEMIX	Ophmr Eml Dbt	Pair Corr
0.82	OEMNX	Ophmr Eml Dbt	Pair Corr
0.83	OEMYX	Ophmr Eml Dbt	Pair Corr
0.76	QOPIX	Oppenheimer Flexible	Pair Corr
0.76	QOPNX	Oppenheimer Flexible	Pair Corr
0.76	QOPYX	Oppenheimer Flexible	Pair Corr
0.81	OGIYX	Oppenheimer Global	Pair Corr
0.81	OGIIX	Oppenheimer Global	Pair Corr

Related Correlations Analysis

	AMFAX	ABNOX	FIBLX	ABNCX	MFTFX	TIIHX	HIPAX	AUNCX
AMFAX		0.79	0.61	0.65	0.99	0.71	0.72	0.87	AMFAX
ABNOX	0.79		0.9	0.92	0.83	0.96	0.93	0.93	ABNOX
FIBLX	0.61	0.9		0.83	0.66	0.97	0.91	0.81	FIBLX
ABNCX	0.65	0.92	0.83		0.7	0.89	0.93	0.85	ABNCX
MFTFX	0.99	0.83	0.66	0.7		0.76	0.76	0.91	MFTFX
TIIHX	0.71	0.96	0.97	0.89	0.76		0.94	0.89	TIIHX
HIPAX	0.72	0.93	0.91	0.93	0.76	0.94		0.9	HIPAX
AUNCX	0.87	0.93	0.81	0.85	0.91	0.89	0.9		AUNCX
	AMFAX	ABNOX	FIBLX	ABNCX	MFTFX	TIIHX	HIPAX	AUNCX

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
AMFAX	0.69	0.21	0.07	(0.69)	0.80	(0.79)	1.36	(1.47)	4.33
ABNOX	0.08	0.01	(0.91)	(0.81)	0.00	(0.12)	0.19	(0.10)	0.39
FIBLX	0.13	0.01	(0.65)	1.48	0.00	(0.18)	0.32	(0.21)	0.53
ABNCX	0.07	0.00	(0.85)	(0.05)	0.00	(0.10)	0.10	(0.20)	0.39
MFTFX	0.97	0.39	0.18	(1.68)	0.93	(1.09)	2.03	(1.94)	6.29
TIIHX	0.10	0.01	(0.70)	1.78	0.00	(0.14)	0.28	(0.18)	0.46
HIPAX	0.11	0.01	(0.71)	0.36	0.00	(0.13)	0.20	(0.19)	0.49
AUNCX	0.08	0.02	(0.73)	1.11	0.00	(0.12)	0.18	(0.18)	0.37

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Oppenheimer Roc Correlations

Oppenheimer Roc Correlation With Market

Poor diversification

Moving together with Oppenheimer Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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