Oppenheimer Rochester Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Rochester
RMUYX Fund  USD 14.47  0.12  0.82%   
The current 90-days correlation between Oppenheimer Rochester and Ab Municipal Bond is 0.46 (i.e., Very weak 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 weak diversification

The correlation between Oppenheimer Rochester and DJI is 0.52 (i.e., Very 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 services.

Moving together with Oppenheimer Mutual Fund

  0.75OSIIX Oppenheimer Global StrtgcPairCorr
  0.72OSINX Oppenheimer Strat IncmPairCorr
  0.71OSIYX Oppenheimer StrategicPairCorr
  0.83OSPAX Oppenheimer Steelpath MlpPairCorr
  0.83OSPMX Oppenheimer Steelpath MlpPairCorr
  0.83OSPPX Oppenheimer Steelpath MlpPairCorr
  0.83OSPSX Oppenheimer Steelpath MlpPairCorr
  0.98OCAYX Oppenheimer Roc CaPairCorr
  0.83MLPOX Oppenheimer Steelpath MlpPairCorr
  0.83MLPNX Oppenheimer Steelpath MlpPairCorr
  0.83MLPTX Oppenheimer Steelpath MlpPairCorr
  0.83MLPZX Oppenheimer Steelpath MlpPairCorr
  0.77QMGIX Oppenheimer GlobalPairCorr
  0.77QMGRX Oppenheimer GlobalPairCorr
  0.79QMGYX Oppenheimer GlobalPairCorr
  0.79QMGAX Oppenheimer GlobalPairCorr
  0.77QMGCX Oppenheimer GlobalPairCorr
  0.69OEGYX Oppenhmr Discovery MidPairCorr
  0.7OEGIX Oppenhmr Discovery MidPairCorr
  0.64OEGNX Oppenhmr Discovery MidPairCorr
  0.77OEMIX Ophmr Eml DbtPairCorr
  0.72OEMNX Ophmr Eml DbtPairCorr
  0.77OEMYX Ophmr Eml DbtPairCorr
  0.73QOPIX Oppenheimer FlexiblePairCorr
  0.73QOPNX Oppenheimer FlexiblePairCorr
  0.73QOPYX Oppenheimer FlexiblePairCorr

Related Correlations Analysis


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.

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