Oppenheimer Rochester Correlations

RMUYX Fund

USD 14.93 0.06 0.40%

The current 90-days correlation between Oppenheimer Rochester and Oppenheimer Main Street is 0.03 (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

Average diversification

The correlation between Oppenheimer Rochester and DJI is 0.18 (i.e., Average 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 manufacturing.

Moving together with Oppenheimer Mutual Fund

0.72	OSCNX	Oppenheimer Main Street	Pair Corr
0.78	OSCYX	Oppenheimer Main Street	Pair Corr
0.72	OSSIX	Oppenheimer Main Street	Pair Corr
0.98	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.73	ODINX	Oppenheimer Discovery	Pair Corr
0.71	ODIYX	Oppenheimer Discovery	Pair Corr
0.64	CGRYX	Oppenheimer Disciplined	Pair Corr
0.72	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.72	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.74	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.8	OFIIX	Oppenheimer Corporate	Pair Corr
0.84	OFIYX	Oppenheimer Corporate	Pair Corr
0.7	QOPIX	Oppenheimer Flexible	Pair Corr
0.7	QOPNX	Oppenheimer Flexible	Pair Corr
0.7	QOPYX	Oppenheimer Flexible	Pair Corr

Related Correlations Analysis

	OSCNX	OSCIX	OSCYX	OSIIX	OSINX	OSIYX	OSMNX	OSMYX	OSPAX	OSPMX
OSCNX		0.66	0.95	-0.17	-0.02	-0.1	0.66	0.66	0.26	0.18	OSCNX
OSCIX	0.66		0.61	-0.11	-0.04	-0.15	1.0	1.0	-0.5	-0.52	OSCIX
OSCYX	0.95	0.61		-0.08	0.02	-0.06	0.61	0.61	0.26	0.19	OSCYX
OSIIX	-0.17	-0.11	-0.08		0.87	0.88	-0.12	-0.11	0.13	0.25	OSIIX
OSINX	-0.02	-0.04	0.02	0.87		0.96	-0.05	-0.04	0.24	0.37	OSINX
OSIYX	-0.1	-0.15	-0.06	0.88	0.96		-0.16	-0.15	0.27	0.4	OSIYX
OSMNX	0.66	1.0	0.61	-0.12	-0.05	-0.16		1.0	-0.5	-0.52	OSMNX
OSMYX	0.66	1.0	0.61	-0.11	-0.04	-0.15	1.0		-0.5	-0.52	OSMYX
OSPAX	0.26	-0.5	0.26	0.13	0.24	0.27	-0.5	-0.5		0.97	OSPAX
OSPMX	0.18	-0.52	0.19	0.25	0.37	0.4	-0.52	-0.52	0.97		OSPMX
	OSCNX	OSCIX	OSCYX	OSIIX	OSINX	OSIYX	OSMNX	OSMYX	OSPAX	OSPMX

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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

OSMNX	+ 1.0	OSCIX
OSMYX	+ 1.0	OSCIX
OSMYX	+ 1.0	OSMNX
OSPMX	+ 0.97	OSPAX
OSIYX	+ 0.96	OSINX
OSCYX	+ 0.95	OSCNX

High negative correlations

OSPMX	- 0.52	OSMYX
OSPMX	- 0.52	OSMNX
OSPMX	- 0.52	OSCIX
OSPAX	- 0.5	OSMYX
OSPAX	- 0.5	OSMNX
OSPAX	- 0.5	OSCIX

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
OSCNX	0.92	(0.03)	0.00	(0.05)	0.00	0.00	1.66	(1.54)	11.83
OSCIX	0.68	(0.27)	0.00	(0.80)	0.00	0.00	0.97	(1.30)	10.71
OSCYX	0.92	(0.02)	0.00	(0.05)	0.00	0.00	1.68	(1.52)	11.59
OSIIX	0.21	(0.01)	(0.07)	(0.15)	0.25	(0.43)	0.33	(0.65)	1.64
OSINX	0.24	(0.02)	0.00	(0.20)	0.00	0.00	0.65	(0.65)	1.95
OSIYX	0.22	(0.02)	0.00	(0.17)	0.00	0.00	0.33	(0.65)	1.64
OSMNX	0.70	(0.29)	0.00	(0.83)	0.00	0.00	0.96	(1.31)	11.31
OSMYX	0.68	(0.27)	0.00	(0.82)	0.00	0.00	0.95	(1.30)	10.76
OSPAX	0.74	0.19	0.17	0.59	0.78	(0.81)	1.79	(1.25)	5.91
OSPMX	0.67	0.15	0.16	0.54	0.58	(0.79)	1.71	(1.31)	4.42

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