Oppenheimer Intl Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Intl Small
OSCIX Fund  USD 35.79  0.40  1.13%   
The current 90-days correlation between Oppenheimer Intl Small and Nuveen Nwq Smallmid Cap is 0.15 (i.e., Average diversification). The correlation of Oppenheimer Intl 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 Intl Correlation With Market

Very weak diversification

The correlation between Oppenheimer Intl Small and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Intl Small 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 Intl Small. 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

  0.96OSCNX Oppenheimer Main StreetPairCorr
  0.95OSCYX Oppenheimer Main StreetPairCorr
  0.62OSINX Oppenheimer Strat IncmPairCorr
  1.0OSMNX Oppenheimer Intl SmallPairCorr
  1.0OSMYX Oppenheimer Intl SmallPairCorr
  0.95OSSIX Oppenheimer Main StreetPairCorr
  0.72OTCNX Oppenheimer Cap ApprecPairCorr
  0.66OTCYX Oppenheimer CapitalPairCorr
  0.8ODINX Oppenheimer DiscoveryPairCorr
  0.81ODIYX Oppenheimer DiscoveryPairCorr
  0.75QMGIX Oppenheimer GlobalPairCorr
  0.72QMGAX Oppenheimer GlobalPairCorr
  0.72QMGCX Oppenheimer GlobalPairCorr
  0.87CGRNX Oppenheimer ValuePairCorr
  0.82CGRYX Oppenheimer DisciplinedPairCorr
  0.72OEGYX Oppenhmr Discovery MidPairCorr
  0.89OEGIX Oppenhmr Discovery MidPairCorr
  0.77OEGNX Oppenhmr Discovery MidPairCorr
  0.68OEMIX Ophmr Eml DbtPairCorr
  0.7OEMNX Ophmr Eml DbtPairCorr
  0.68OEMYX Ophmr Eml DbtPairCorr
  0.74QOPIX Oppenheimer FlexiblePairCorr
  0.68QOPNX Oppenheimer FlexiblePairCorr
  0.91QOPYX Oppenheimer FlexiblePairCorr

Moving against Oppenheimer Mutual Fund

  0.94ODVYX Oppenheimer DevelopingPairCorr
  0.86ODVNX Oppenheimer DevelopingPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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