Oppenheimer Disciplined Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Disciplined Value
CGRYX Fund  USD 34.73  0.15  0.43%   
The current 90-days correlation between Oppenheimer Disciplined and Oppenheimer Main Street is -0.14 (i.e., Good diversification). The correlation of Oppenheimer Disciplined 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 Disciplined Correlation With Market

Very poor diversification

The correlation between Oppenheimer Disciplined Value and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Disciplined Value 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 Disciplined Value. 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

  0.95OSCNX Oppenheimer Main StreetPairCorr
  0.97OSCIX Oppenheimer Intl SmallPairCorr
  0.97OSCYX Oppenheimer Main StreetPairCorr
  0.92OSIIX Oppenheimer Global StrtgcPairCorr
  0.89OSINX Oppenheimer Strat IncmPairCorr
  0.9OSIYX Oppenheimer StrategicPairCorr
  0.96OSMNX Oppenheimer Intl SmallPairCorr
  0.97OSMYX Oppenheimer Intl SmallPairCorr
  0.78OSPAX Oppenheimer Steelpath MlpPairCorr
  0.77OSPMX Oppenheimer Steelpath MlpPairCorr
  0.71OSPPX Oppenheimer Steelpath MlpPairCorr
  0.8OSPSX Oppenheimer Steelpath MlpPairCorr
  0.97OSSIX Oppenheimer Main StreetPairCorr
  0.97OTCNX Oppenheimer Cap ApprecPairCorr
  0.97OTCYX Oppenheimer CapitalPairCorr
  0.78MLPOX Oppenheimer Steelpath MlpPairCorr
  0.71MLPNX Oppenheimer Steelpath MlpPairCorr
  0.8MLPTX Oppenheimer Steelpath MlpPairCorr
  0.75MLPZX Oppenheimer Steelpath MlpPairCorr
  0.98ODINX Oppenheimer DiscoveryPairCorr
  0.96ODIYX Oppenheimer DiscoveryPairCorr
  0.97ODVNX Oppenheimer DevelopingPairCorr
  0.96ODVYX Oppenheimer DevelopingPairCorr
  0.96QMGIX Oppenheimer GlobalPairCorr
  0.95QMGRX Oppenheimer GlobalPairCorr
  0.96QMGYX Oppenheimer GlobalPairCorr
  0.96QMGAX Oppenheimer GlobalPairCorr
  0.94QMGCX Oppenheimer GlobalPairCorr
  0.98CGRNX Oppenheimer ValuePairCorr
  0.94OEMIX Ophmr Eml DbtPairCorr
  0.97OGIYX Oppenheimer GlobalPairCorr
  0.96OGIIX Oppenheimer GlobalPairCorr
  0.97OGINX Oppenheimer Gr IncmPairCorr
  0.97OGLIX Oppenheimer GlobalPairCorr
  0.97OGLNX Oppenheimer GlobalPairCorr
  0.97OGLYX Oppenheimer GlobalPairCorr

Moving against Oppenheimer Mutual Fund

  0.73QOPIX Oppenheimer FlexiblePairCorr
  0.71QOPNX Oppenheimer FlexiblePairCorr

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 Disciplined 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 Disciplined'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OSCNX  0.86  0.27  0.11 (1.67) 0.81 
(1.00)
 2.26 
(1.83)
 6.08 
OSCIX  0.57  0.14  0.08  0.51  0.48 
(0.64)
 1.27 
(1.08)
 2.95 
OSCYX  0.86  0.09  0.09  0.22  0.83 
(0.99)
 2.25 
(1.79)
 6.03 
OSIIX  0.29  0.07 (0.14)(4.66) 0.00 
(0.46)
 0.65 
(0.62)
 1.64 
OSINX  0.24  0.05 (0.21)(12.15) 0.00 
(0.42)
 0.64 
(0.32)
 1.56 
OSIYX  0.25  0.06 (0.16) 7.50  0.00 
(0.41)
 0.64 
(0.32)
 1.63 
OSMNX  0.58  0.22  0.12 (80.19) 0.43 
(0.65)
 1.40 
(1.10)
 2.93 
OSMYX  0.57  0.14  0.08  0.51  0.48 
(0.64)
 1.28 
(1.11)
 2.94 
OSPAX  0.76  0.01 (0.05) 0.15  1.00 
(0.80)
 1.77 
(1.40)
 5.13 
OSPMX  0.73  0.02 (0.05) 0.18  0.85 
(0.80)
 1.61 
(1.37)
 4.13 

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