Oppenheimer Rochester Correlations

RMUCX Fund

USD 14.35 0.01 0.07%

The current 90-days correlation between Oppenheimer Rochester and Virtus Kar Small Cap is 0.14 (i.e., Average diversification). The correlation of Oppenheimer Rochester 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 Rochester Correlation With Market

Good diversification

The correlation between Oppenheimer Rochester and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Rochester 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 Rochester. 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 unemployment.

Moving together with Oppenheimer Mutual Fund

0.94	IORUX	Invesco Rochester New	Pair Corr
0.94	RMUYX	Oppenheimer Rochester	Pair Corr
0.97	RMUNX	Oppenheimer Rochester	Pair Corr

Moving against Oppenheimer Mutual Fund

0.45	GAAKX	Gmo Alternative Allo	Pair Corr
0.44	GAAGX	Gmo Alternative Allo	Pair Corr
0.31	PQTNX	Pimco Trends Managed	Pair Corr
0.31	PQTIX	Aa Pimco Tr	Pair Corr
0.57	HWCAX	Hotchkis Wiley Diver	Pair Corr
0.56	AGEAX	Arbitrage Event	Pair Corr
0.55	JDSRX	Perkins Small Cap	Pair Corr
0.53	PIORX	Pioneer Fund Class	Pair Corr
0.51	FLCNX	Fidelity Contrafund	Pair Corr
0.39	DLGBX	Doubleline Global Bond	Pair Corr
0.33	JFFAX	Jpmorgan Smartretirement	Pair Corr
0.51	CIQRX	Segall Bryant Hamll	Pair Corr
0.46	FGINX	First Investors Growth	Pair Corr
0.45	ARGAX	Arbitrage Fund	Pair Corr
0.44	FKINX	Franklin Income	Pair Corr
0.4	NSBFX	Nuveen Santa Barbara	Pair Corr
0.38	BBBIX	Bbh Limited Duration	Pair Corr

Related Correlations Analysis

	WBVNX	GSXPX	RSEFX	ASVIX	LVAQX	BPSCX	PXQSX
WBVNX		0.99	0.93	0.93	0.96	0.94	0.9	WBVNX
GSXPX	0.99		0.96	0.93	0.96	0.96	0.91	GSXPX
RSEFX	0.93	0.96		0.95	0.95	0.98	0.91	RSEFX
ASVIX	0.93	0.93	0.95		0.98	0.97	0.95	ASVIX
LVAQX	0.96	0.96	0.95	0.98		0.97	0.95	LVAQX
BPSCX	0.94	0.96	0.98	0.97	0.97		0.95	BPSCX
PXQSX	0.9	0.91	0.91	0.95	0.95	0.95		PXQSX
	WBVNX	GSXPX	RSEFX	ASVIX	LVAQX	BPSCX	PXQSX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Rochester 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 Rochester'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
WBVNX	0.71	0.10	0.12	0.17	0.60	(0.80)	2.14	(1.13)	4.46
GSXPX	0.89	0.11	0.12	0.16	0.77	(1.03)	2.27	(1.57)	6.09
RSEFX	0.87	0.18	0.28	0.21	0.24	(1.16)	1.83	(1.17)	15.42
ASVIX	1.03	0.25	0.24	0.38	0.64	(1.36)	2.85	(1.34)	14.96
LVAQX	0.80	0.13	0.15	0.22	0.54	(0.96)	2.49	(1.35)	7.90
BPSCX	0.82	0.14	0.14	0.23	0.62	(0.89)	2.30	(1.57)	8.57
PXQSX	0.85	0.15	0.10	1.00	0.64	(1.08)	2.56	(1.73)	6.94

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