Oppenheimer Value Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Value Fd
CGRNX Fund  USD 32.25  0.26  0.80%   
The current 90-days correlation between Oppenheimer Value and Ab High Income is 0.42 (i.e., Very weak diversification). The correlation of Oppenheimer Value 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 Value Correlation With Market

Almost no diversification

The correlation between Oppenheimer Value Fd and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Value Fd and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Oppenheimer Value Fd. 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

  0.97OSCNX Oppenheimer Main StreetPairCorr
  0.96OSCIX Oppenheimer Intl SmallPairCorr
  0.97OSCYX Oppenheimer Main StreetPairCorr
  0.93OSIIX Oppenheimer Global StrtgcPairCorr
  0.91OSINX Oppenheimer Strat IncmPairCorr
  0.91OSIYX Oppenheimer StrategicPairCorr
  0.95OSMNX Oppenheimer Intl SmallPairCorr
  0.96OSMYX Oppenheimer Intl SmallPairCorr
  0.82OSPAX Oppenheimer Steelpath MlpPairCorr
  0.8OSPMX Oppenheimer Steelpath MlpPairCorr
  0.77OSPPX Oppenheimer Steelpath MlpPairCorr
  0.83OSPSX Oppenheimer Steelpath MlpPairCorr
  0.97OSSIX Oppenheimer Main StreetPairCorr
  0.98OTCNX Oppenheimer Cap ApprecPairCorr
  0.98OTCYX Oppenheimer CapitalPairCorr
  0.81MLPOX Oppenheimer Steelpath MlpPairCorr
  0.77MLPNX Oppenheimer Steelpath MlpPairCorr
  0.83MLPTX Oppenheimer Steelpath MlpPairCorr
  0.8MLPZX Oppenheimer Steelpath MlpPairCorr
  0.98ODINX Oppenheimer DiscoveryPairCorr
  0.98ODIYX Oppenheimer DiscoveryPairCorr
  0.96ODVNX Oppenheimer DevelopingPairCorr
  0.96ODVYX Oppenheimer DevelopingPairCorr
  0.94QMGIX Oppenheimer GlobalPairCorr
  0.94QMGRX Oppenheimer GlobalPairCorr
  0.94QMGYX Oppenheimer GlobalPairCorr
  0.94QMGAX Oppenheimer GlobalPairCorr
  0.94QMGCX Oppenheimer GlobalPairCorr
  1.0CGRYX Oppenheimer DisciplinedPairCorr
  0.94OEMIX Ophmr Eml DbtPairCorr
  0.97OGIYX Oppenheimer GlobalPairCorr
  0.97OGIIX Oppenheimer GlobalPairCorr
  0.97OGINX Oppenheimer Gr IncmPairCorr
  0.97OGLIX Oppenheimer GlobalPairCorr
  0.97OGLNX Oppenheimer GlobalPairCorr
  0.97OGLYX Oppenheimer GlobalPairCorr
  0.63OGMIX Oppenheimer Gold SpecialPairCorr

Moving against Oppenheimer Mutual Fund

  0.75QOPNX Oppenheimer FlexiblePairCorr
  0.73QOPIX Oppenheimer FlexiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Value 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 Value'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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