Oppenheimer Rochester Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Rochester
RMUNX Fund  USD 15.46  0.05  0.32%   
The current 90-days correlation between Oppenheimer Rochester and Opnhmr Rchstr Ltd is 0.17 (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

Very good diversification

The correlation between Oppenheimer Rochester and DJI is -0.3 (i.e., Very 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 board of governors.

Moving together with Oppenheimer Mutual Fund

  0.99VMICX Invesco Municipal IncomePairCorr
  0.99VMINX Invesco Municipal IncomePairCorr
  0.98VMIIX Invesco Municipal IncomePairCorr
  0.69OSICX Oppenheimer StrategicPairCorr
  0.75PXCCX Invesco Select RiskPairCorr
  0.99OCACX Oppenheimer Roc CaPairCorr
  0.74OCCIX Oppenheimer CnsrvtvPairCorr
  0.7STBCX Invesco Short TermPairCorr
  0.67STBRX Invesco Short TermPairCorr
  0.69INBQX Aim Investment FundsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY