Oppenheimer Rochester Correlations

RMUNX Fund

USD 14.51 0.02 0.14%

The current 90-days correlation between Oppenheimer Rochester and Smead Value Fund is 0.04 (i.e., Significant 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

Weak diversification

The correlation between Oppenheimer Rochester and DJI is 0.38 (i.e., Weak 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 inflation.

Moving together with Oppenheimer Mutual Fund

0.91	VMICX	Invesco Municipal Income	Pair Corr
0.89	VMINX	Invesco Municipal Income	Pair Corr
0.88	VMIIX	Invesco Municipal Income	Pair Corr
0.89	OCACX	Oppenheimer Roc Ca	Pair Corr
0.65	STBAX	Invesco Short Term	Pair Corr
0.69	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	MLPEX	Steelpath Select	Pair Corr
0.68	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	GSSIX	FAKTX	ANOIX	ANONX	BALPX	FEGOX	SGGDX	JAWWX	SVFDX	SVFAX
GSSIX		0.86	0.92	0.75	0.91	0.88	0.87	0.78	0.81	0.82	GSSIX
FAKTX	0.86		0.83	0.77	0.74	0.92	0.91	0.86	0.94	0.93	FAKTX
ANOIX	0.92	0.83		0.87	0.92	0.85	0.82	0.86	0.72	0.72	ANOIX
ANONX	0.75	0.77	0.87		0.79	0.76	0.69	0.87	0.71	0.69	ANONX
BALPX	0.91	0.74	0.92	0.79		0.8	0.78	0.77	0.64	0.68	BALPX
FEGOX	0.88	0.92	0.85	0.76	0.8		0.96	0.84	0.82	0.82	FEGOX
SGGDX	0.87	0.91	0.82	0.69	0.78	0.96		0.82	0.81	0.82	SGGDX
JAWWX	0.78	0.86	0.86	0.87	0.77	0.84	0.82		0.72	0.71	JAWWX
SVFDX	0.81	0.94	0.72	0.71	0.64	0.82	0.81	0.72		0.96	SVFDX
SVFAX	0.82	0.93	0.72	0.69	0.68	0.82	0.82	0.71	0.96		SVFAX
	GSSIX	FAKTX	ANOIX	ANONX	BALPX	FEGOX	SGGDX	JAWWX	SVFDX	SVFAX

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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
GSSIX	1.24	0.42	0.53	0.30	0.00	(1.56)	2.84	(1.45)	24.57
FAKTX	0.22	0.04	(0.04)	0.20	0.00	(0.27)	0.48	(0.40)	1.33
ANOIX	1.01	0.15	0.15	0.22	0.77	(1.23)	2.09	(1.76)	9.54
ANONX	0.89	0.02	0.03	0.09	0.90	(1.03)	2.09	(1.80)	5.98
BALPX	0.16	0.03	(0.16)	(1.72)	0.00	(0.22)	0.31	(0.31)	1.32
FEGOX	1.98	0.46	0.13	0.47	3.03	(2.10)	4.57	(5.06)	18.19
SGGDX	1.98	0.53	0.12	(1.04)	2.99	(2.06)	4.58	(5.04)	18.20
JAWWX	0.57	0.00	(0.03)	0.06	0.68	(0.61)	1.02	(1.22)	3.31
SVFDX	0.77	0.11	0.11	0.19	0.66	(0.87)	2.08	(1.41)	3.79
SVFAX	0.76	0.16	0.11	3.63	0.65	(0.88)	2.08	(1.39)	3.79

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Oppenheimer Rochester Correlations

Oppenheimer Rochester Correlation With Market

Weak diversification

Moving together with Oppenheimer Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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