Oppenheimer International Correlations
| OSMAX Fund | USD 40.74 0.03 0.07% |
The current 90-days correlation between Oppenheimer International and Chestnut Street Exchange is -0.12 (i.e., Good 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 Smal and DJI is 0.51 (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 Smal and DJI in the same portfolio, assuming nothing else is changed.
Oppenheimer |
Moving together with Oppenheimer Mutual Fund
| 0.84 | OSICX | Oppenheimer Strategic | PairCorr |
| 1.0 | OSMCX | Oppenheimer International | PairCorr |
| 0.74 | PXCCX | Invesco Select Risk | PairCorr |
| 0.78 | PXCIX | Invesco Select Risk | PairCorr |
| 0.91 | EMLDX | Invesco Emerging Markets | PairCorr |
| 0.79 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
Moving against Oppenheimer Mutual Fund
| 0.64 | OARDX | Oppenheimer Rising | PairCorr |
| 0.64 | OTFCX | Oppenheimer Target | PairCorr |
| 0.57 | DIGGX | Invesco Discovery | PairCorr |
| 0.44 | PXGGX | Invesco Select Risk | PairCorr |
| 0.43 | PXQIX | Invesco Select Risk | PairCorr |
| 0.41 | OCAIX | Oppenheimer Aggrssv | PairCorr |
| 0.4 | AMHYX | Invesco High Yield | PairCorr |
| 0.4 | HYIFX | Invesco High Yield | PairCorr |
| 0.4 | HYINX | Invesco High Yield | PairCorr |
| 0.78 | MLPAX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.78 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.77 | MLPGX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.77 | MLPLX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.73 | MLPFX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.73 | MLPEX | Steelpath Select | PairCorr |
| 0.66 | SCAUX | Invesco Low Volatility | PairCorr |
| 0.65 | SCAYX | Invesco Low Volatility | PairCorr |
| 0.65 | SCIUX | Invesco Low Volatility | PairCorr |
Related Correlations Analysis
| 0.78 | 0.48 | 0.46 | 0.46 | 0.46 | 0.48 | CHNTX | ||
| 0.78 | 0.46 | 0.43 | 0.43 | 0.43 | 0.46 | POIXX | ||
| 0.48 | 0.46 | 0.93 | 0.93 | 0.93 | 1.0 | PFCXX | ||
| 0.46 | 0.43 | 0.93 | 1.0 | 1.0 | 0.93 | PCSXX | ||
| 0.46 | 0.43 | 0.93 | 1.0 | 1.0 | 0.93 | HEWXX | ||
| 0.46 | 0.43 | 0.93 | 1.0 | 1.0 | 0.93 | PRXXX | ||
| 0.48 | 0.46 | 1.0 | 0.93 | 0.93 | 0.93 | STPXX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHNTX | 0.50 | 0.10 | 0.01 | (1.21) | 0.45 | 0.97 | 3.50 | |||
| POIXX | 0.03 | 0.01 | 0.00 | (3.54) | 0.00 | 0.00 | 1.01 | |||
| PFCXX | 0.03 | 0.01 | 0.00 | (0.12) | 0.00 | 0.00 | 1.01 | |||
| PCSXX | 0.03 | 0.00 | 0.00 | 0.42 | 0.00 | 0.00 | 1.01 | |||
| HEWXX | 0.03 | 0.00 | 0.00 | 0.42 | 0.00 | 0.00 | 1.01 | |||
| PRXXX | 0.03 | 0.00 | 0.00 | 0.42 | 0.00 | 0.00 | 1.01 | |||
| STPXX | 0.03 | 0.01 | 0.00 | (0.12) | 0.00 | 0.00 | 1.01 |