Oppenheimer Flexible Correlations

QOPNX Fund

USD 23.75 0.01 0.04%

The current 90-days correlation between Oppenheimer Flexible and Artisan Developing World is 0.07 (i.e., Significant 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 0.35 (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 board of governors.

Moving together with Oppenheimer Mutual Fund

0.95	OSCNX	Oppenheimer Main Street	Pair Corr
0.67	OSCIX	Oppenheimer Intl Small	Pair Corr
0.92	OSCYX	Oppenheimer Main Street	Pair Corr
0.67	OSMNX	Oppenheimer Intl Small	Pair Corr
0.67	OSMYX	Oppenheimer Intl Small	Pair Corr
0.94	OSSIX	Oppenheimer Main Street	Pair Corr
0.63	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.96	ODINX	Oppenheimer Discovery	Pair Corr
0.95	ODIYX	Oppenheimer Discovery	Pair Corr
0.85	CGRNX	Oppenheimer Value	Pair Corr
0.86	CGRYX	Oppenheimer Disciplined	Pair Corr
0.89	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.89	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.92	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.68	OFIIX	Oppenheimer Corporate	Pair Corr
0.69	OFINX	Oppenheimer Corporate	Pair Corr
0.68	OFIYX	Oppenheimer Corporate	Pair Corr

Related Correlations Analysis

	ARTYX	FGWMX	QNZIX	DLTZX	HMXAX	RYWWX	BXECX	SEDAX
ARTYX		0.74	0.32	0.35	0.77	-0.05	0.37	0.46	ARTYX
FGWMX	0.74		0.29	0.55	0.67	-0.13	0.61	0.64	FGWMX
QNZIX	0.32	0.29		0.77	0.55	0.67	-0.37	-0.32	QNZIX
DLTZX	0.35	0.55	0.77		0.51	0.47	-0.06	-0.06	DLTZX
HMXAX	0.77	0.67	0.55	0.51		0.22	0.15	0.2	HMXAX
RYWWX	-0.05	-0.13	0.67	0.47	0.22		-0.64	-0.72	RYWWX
BXECX	0.37	0.61	-0.37	-0.06	0.15	-0.64		0.93	BXECX
SEDAX	0.46	0.64	-0.32	-0.06	0.2	-0.72	0.93		SEDAX
	ARTYX	FGWMX	QNZIX	DLTZX	HMXAX	RYWWX	BXECX	SEDAX

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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

SEDAX	+ 0.93	BXECX
HMXAX	+ 0.77	ARTYX
DLTZX	+ 0.77	QNZIX
FGWMX	+ 0.74	ARTYX
HMXAX	+ 0.67	FGWMX
RYWWX	+ 0.67	QNZIX

High negative correlations

SEDAX	- 0.72	RYWWX
BXECX	- 0.64	RYWWX
BXECX	- 0.37	QNZIX
SEDAX	- 0.32	QNZIX
RYWWX	- 0.13	FGWMX
SEDAX	- 0.06	DLTZX

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
ARTYX	0.78	(0.04)	0.00	(0.25)	0.00	0.00	1.37	(1.63)	4.86
FGWMX	0.26	(0.02)	0.00	(0.30)	0.00	0.00	0.48	(0.48)	1.97
QNZIX	0.54	0.08	0.08	1.18	0.63	(0.55)	0.99	(1.01)	3.78
DLTZX	0.08	0.00	(0.11)	(0.13)	0.00	(0.20)	0.26	(0.13)	0.64
HMXAX	0.46	0.01	(0.01)	0.06	0.72	(0.43)	0.90	(0.89)	4.29
RYWWX	1.59	0.28	0.12	(1.03)	1.82	(1.87)	4.51	(3.69)	11.60
BXECX	0.20	(0.04)	0.00	(1.37)	0.00	0.00	0.54	(0.40)	1.46
SEDAX	0.26	(0.04)	0.00	(0.50)	0.00	0.00	0.48	(0.59)	2.16

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