Oppenheimer Moderate Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Moderate Invstr
OYMIX Fund  USD 12.45  0.02  0.16%   
The current 90-days correlation between Oppenheimer Moderate and Perkins Small Cap is 0.56 (i.e., Very weak diversification). The correlation of Oppenheimer Moderate 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 Moderate Correlation With Market

Modest diversification

The correlation between Oppenheimer Moderate Invstr and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Moderate Invstr 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 Moderate Invstr. 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

  0.68OSCNX Oppenheimer Main StreetPairCorr
  0.66OSCIX Oppenheimer Intl SmallPairCorr
  0.68OSCYX Oppenheimer Main StreetPairCorr
  0.71OSIIX Oppenheimer Global StrtgcPairCorr
  0.73OSINX Oppenheimer Strat IncmPairCorr
  0.73OSIYX Oppenheimer StrategicPairCorr
  0.86OSMNX Oppenheimer Intl SmallPairCorr
  0.66OSMYX Oppenheimer Intl SmallPairCorr
  0.68OSSIX Oppenheimer Main StreetPairCorr
  0.72OTCNX Oppenheimer Cap ApprecPairCorr
  0.91OTCYX Oppenheimer CapitalPairCorr
  0.69ODINX Oppenheimer DiscoveryPairCorr
  0.98ODIYX Oppenheimer DiscoveryPairCorr
  0.96QMGIX Oppenheimer GlobalPairCorr
  0.96QMGRX Oppenheimer GlobalPairCorr
  0.96QMGYX Oppenheimer GlobalPairCorr
  0.91QMGAX Oppenheimer GlobalPairCorr
  0.96QMGCX Oppenheimer GlobalPairCorr
  0.88CGRNX Oppenheimer ValuePairCorr
  0.71CGRYX Oppenheimer DisciplinedPairCorr
  0.93OEGYX Oppenhmr Discovery MidPairCorr
  0.93OEGIX Oppenhmr Discovery MidPairCorr
  0.65OEGNX Oppenhmr Discovery MidPairCorr
  0.84OEMIX Ophmr Eml DbtPairCorr
  0.85OEMNX Ophmr Eml DbtPairCorr
  0.84OEMYX Ophmr Eml DbtPairCorr
  0.92QOPIX Oppenheimer FlexiblePairCorr
  0.92QOPNX Oppenheimer FlexiblePairCorr
  0.92QOPYX Oppenheimer FlexiblePairCorr

Moving against Oppenheimer Mutual Fund

  0.75ODVNX Oppenheimer DevelopingPairCorr
  0.63ODVYX Oppenheimer DevelopingPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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