Oppenheimer Main Correlations

OSCYX Fund

USD 25.23 0.42 1.69%

The current 90-days correlation between Oppenheimer Main Street and Vanguard Small Cap Index is 0.06 (i.e., Significant diversification). The correlation of Oppenheimer Main 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 Main Correlation With Market

Almost no diversification

The correlation between Oppenheimer Main Street and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Main Street 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 Main Street. 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 manufacturing.

Moving together with Oppenheimer Mutual Fund

0.92	OSCNX	Oppenheimer Main Street	Pair Corr
0.83	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	OSSIX	Oppenheimer Main Street	Pair Corr
0.87	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.87	OTCYX	Oppenheimer Capital	Pair Corr
0.83	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.83	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.96	ODINX	Oppenheimer Discovery	Pair Corr
0.9	ODIYX	Oppenheimer Discovery	Pair Corr
0.94	CGRNX	Oppenheimer Value	Pair Corr
0.94	CGRYX	Oppenheimer Disciplined	Pair Corr
0.9	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.86	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.86	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.84	QOPIX	Oppenheimer Flexible	Pair Corr

Moving against Oppenheimer Mutual Fund

0.56	OSMNX	Oppenheimer Intl Small	Pair Corr
0.55	OSCIX	Oppenheimer Intl Small	Pair Corr
0.55	OSMYX	Oppenheimer Intl Small	Pair Corr
0.41	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.41	OSIYX	Oppenheimer Strategic	Pair Corr
0.4	OSINX	Oppenheimer Strat Incm	Pair Corr
0.49	OEMNX	Ophmr Eml Dbt	Pair Corr
0.47	OEMIX	Ophmr Eml Dbt	Pair Corr
0.46	OEMYX	Ophmr Eml Dbt	Pair Corr
0.6	OFINX	Oppenheimer Corporate	Pair Corr
0.57	OFIYX	Oppenheimer Corporate	Pair Corr
0.56	OFIIX	Oppenheimer Corporate	Pair Corr

Related Correlations Analysis

	VSMAX	VSCIX	NAESX	FSSNX	DFSTX	PASVX	PRVIX	TRZVX	PRSVX
VSMAX		1.0	0.95	0.98	0.99	0.93	0.98	0.99	0.93	VSMAX
VSCIX	1.0		0.95	0.98	0.99	0.93	0.98	0.99	0.93	VSCIX
NAESX	0.95	0.95		0.93	0.93	0.98	0.93	0.93	0.98	NAESX
FSSNX	0.98	0.98	0.93		1.0	0.93	0.99	0.99	0.93	FSSNX
DFSTX	0.99	0.99	0.93	1.0		0.93	0.99	0.99	0.93	DFSTX
PASVX	0.93	0.93	0.98	0.93	0.93		0.93	0.93	1.0	PASVX
PRVIX	0.98	0.98	0.93	0.99	0.99	0.93		1.0	0.93	PRVIX
TRZVX	0.99	0.99	0.93	0.99	0.99	0.93	1.0		0.93	TRZVX
PRSVX	0.93	0.93	0.98	0.93	0.93	1.0	0.93	0.93		PRSVX
	VSMAX	VSCIX	NAESX	FSSNX	DFSTX	PASVX	PRVIX	TRZVX	PRSVX

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Main 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 Main'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
VSMAX	0.75	0.14	0.05	4.08	0.74	(0.84)	1.75	(1.25)	5.36
VSCIX	0.75	0.14	0.05	4.05	0.72	(0.84)	1.76	(1.24)	5.35
NAESX	0.75	0.03	0.06	0.12	0.72	(0.85)	1.75	(1.25)	5.35
FSSNX	0.93	0.13	0.03	3.70	0.94	(1.03)	2.12	(1.61)	7.62
DFSTX	0.86	0.13	0.03	4.89	0.80	(0.96)	2.04	(1.45)	7.11
PASVX	0.76	0.01	0.04	0.10	0.70	(0.83)	1.81	(1.22)	6.47
PRVIX	0.76	0.13	0.04	29.96	0.70	(0.82)	1.82	(1.23)	6.48
TRZVX	0.76	0.13	0.04	23.15	0.69	(0.82)	1.81	(1.23)	6.48
PRSVX	0.76	0.01	0.04	0.11	0.69	(0.83)	1.80	(1.23)	6.48

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