Oppenheimer Flexible Correlations

QOPIX Fund

USD 25.92 0.01 0.04%

The current 90-days correlation between Oppenheimer Flexible and Lord Abbett Diversified is 0.62 (i.e., Poor diversification). The correlation of Oppenheimer Flexible 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 Flexible Correlation With Market

Weak diversification

The correlation between Oppenheimer Flexible Strategie and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Flexible Strategie 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 Flexible Strategies. 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

0.94	OSCNX	Oppenheimer Main Street	Pair Corr
0.92	OSCYX	Oppenheimer Main Street	Pair Corr
0.94	OSSIX	Oppenheimer Main Street	Pair Corr
0.64	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.63	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.95	ODINX	Oppenheimer Discovery	Pair Corr
0.95	ODIYX	Oppenheimer Discovery	Pair Corr
0.8	CGRNX	Oppenheimer Value	Pair Corr
0.81	CGRYX	Oppenheimer Disciplined	Pair Corr
0.92	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.92	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.94	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.65	OFIIX	Oppenheimer Corporate	Pair Corr
0.65	OFINX	Oppenheimer Corporate	Pair Corr
0.65	OFIYX	Oppenheimer Corporate	Pair Corr

Related Correlations Analysis

	LIGFX	GUDAX	PDNIX	TFCAX	PSIBX	VYRPX	XACVX	HUDEX
LIGFX		0.0	0.82	0.13	0.0	0.95	0.79	0.86	LIGFX
GUDAX	0.0		0.0	0.0	-1.0	0.0	0.0	0.0	GUDAX
PDNIX	0.82	0.0		0.39	0.0	0.91	0.78	0.73	PDNIX
TFCAX	0.13	0.0	0.39		0.0	0.2	0.47	0.4	TFCAX
PSIBX	0.0	-1.0	0.0	0.0		0.0	0.0	0.0	PSIBX
VYRPX	0.95	0.0	0.91	0.2	0.0		0.8	0.82	VYRPX
XACVX	0.79	0.0	0.78	0.47	0.0	0.8		0.75	XACVX
HUDEX	0.86	0.0	0.73	0.4	0.0	0.82	0.75		HUDEX
	LIGFX	GUDAX	PDNIX	TFCAX	PSIBX	VYRPX	XACVX	HUDEX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VYRPX	+ 0.95	LIGFX
VYRPX	+ 0.91	PDNIX
HUDEX	+ 0.86	LIGFX
PDNIX	+ 0.82	LIGFX
HUDEX	+ 0.82	VYRPX
XACVX	+ 0.8	VYRPX

High negative correlations

PSIBX	- 1.0	GUDAX
HUDEX	- 0.0	PSIBX
XACVX	- 0.0	PSIBX
VYRPX	- 0.0	PSIBX
PSIBX	- 0.0	TFCAX
PSIBX	- 0.0	PDNIX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Flexible 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 Flexible'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
LIGFX	0.29	(0.01)	(0.06)	(0.04)	0.41	(0.28)	0.50	(0.50)	2.04
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDNIX	0.18	(0.01)	(0.10)	(0.09)	0.20	(0.26)	0.52	(0.41)	1.35
TFCAX	0.02	0.00	0.00	(0.12)	0.00	0.00	0.10	0.00	0.40
PSIBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VYRPX	0.18	(0.01)	(0.08)	(0.08)	0.26	(0.25)	0.39	(0.39)	1.74
XACVX	0.68	0.03	0.01	0.56	0.98	(0.70)	1.37	(1.36)	5.43
HUDEX	0.63	0.02	0.00	0.06	0.79	(0.69)	1.30	(1.16)	6.42

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