Oppenheimer Value Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Value A
CGRWX Fund  USD 33.35  0.15  0.45%   
The current 90-days correlation between Oppenheimer Value and Bmo Large Cap Growth is -0.15 (i.e., Good 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

Good diversification

The correlation between Oppenheimer Value A and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Value A 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 A. 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 housing.

Moving together with Oppenheimer Mutual Fund

  0.99OARDX Oppenheimer RisingPairCorr
  0.98AMHYX Invesco High YieldPairCorr
  0.9OSICX Oppenheimer StrategicPairCorr
  0.97OSMAX Oppenheimer InternationalPairCorr
  0.96OSMCX Oppenheimer InternationalPairCorr
  0.97HYINX Invesco High YieldPairCorr
  0.97ILAAX Invesco Income AllocationPairCorr
  0.98PXCCX Invesco Select RiskPairCorr
  0.98PXCIX Invesco Select RiskPairCorr
  0.71BRCYX Invesco Balanced RiskPairCorr
  0.97OTFCX Oppenheimer TargetPairCorr
  0.94EMLDX Invesco Emerging MarketsPairCorr
  0.98PXMQX Invesco Select RiskPairCorr
  0.98DIGGX Invesco DiscoveryPairCorr
  0.98PXMMX Invesco Select RiskPairCorr
  0.97OCAIX Oppenheimer AggrssvPairCorr
  0.96OCCIX Oppenheimer CnsrvtvPairCorr
  0.91STBCX Invesco Short TermPairCorr
  0.77MLPRX Oppenheimer Steelpath MlpPairCorr
  0.91STBYX Invesco Short TermPairCorr
  0.74MLPDX Oppenheimer Steelpath MlpPairCorr
  0.78MLPAX Oppenheimer Steelpath MlpPairCorr
  0.74MLPGX Oppenheimer Steelpath MlpPairCorr
  0.77MLPFX Oppenheimer Steelpath MlpPairCorr
  0.79MLPEX Steelpath SelectPairCorr
  0.66MLPMX Oppenheimer Steelpath MlpPairCorr
  0.71MLPLX Oppenheimer Steelpath MlpPairCorr
  0.97OCMIX Oppenheimer ModeratePairCorr
  0.98OCRDX Oppenheimer RisingPairCorr
  0.99SCAUX Invesco Low VolatilityPairCorr
  0.99SCCUX Invesco Low VolatilityPairCorr
  0.85INBQX Aim Investment FundsPairCorr
  0.98SCIUX Invesco Low VolatilityPairCorr
  0.93INGFX Invesco OppenheimerPairCorr
  0.98FSIUX Invesco Dividend IncomePairCorr
  0.96ODIIX Oppenheimer DiscoveryPairCorr

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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