Oppenheimer Cnsrvtv Correlations

OCCIX Fund

USD 8.73 0.01 0.11%

The current 90-days correlation between Oppenheimer Cnsrvtv and Lord Abbett Intermediate is 0.52 (i.e., Very weak diversification). The correlation of Oppenheimer Cnsrvtv 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 Cnsrvtv Correlation With Market

Poor diversification

The correlation between Oppenheimer Cnsrvtv Invstr and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Cnsrvtv Invstr 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 Cnsrvtv Invstr. 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 gross domestic product.

Moving together with Oppenheimer Mutual Fund

0.98	OARDX	Oppenheimer Rising	Pair Corr
0.95	OSICX	Oppenheimer Strategic	Pair Corr
1.0	PXCCX	Invesco Select Risk	Pair Corr
1.0	PXCIX	Invesco Select Risk	Pair Corr
0.69	BRCYX	Invesco Balanced Risk	Pair Corr
0.94	STBYX	Invesco Short Term	Pair Corr
0.8	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	OCMIX	Oppenheimer Moderate	Pair Corr
0.96	INGFX	Invesco Oppenheimer	Pair Corr
0.98	ODIIX	Oppenheimer Discovery	Pair Corr
0.89	FSTEX	Invesco Energy	Pair Corr
0.98	FSTUX	Invesco Dividend Income	Pair Corr
0.95	OEMCX	Ophmr Eml Dbt	Pair Corr
0.92	IORMX	Aim Taxexempt Funds	Pair Corr
0.97	OGICX	Oppenheimer Global Growth	Pair Corr
0.92	ASIAX	Invesco Asia Pacific	Pair Corr
0.96	VSQYX	Invesco Global Respons	Pair Corr
0.89	OIBAX	Oppenheimer International	Pair Corr
0.96	OIDAX	Oppenheimer International	Pair Corr
0.96	OIDCX	Oppenheimer International	Pair Corr
0.71	OIGCX	Oppenheimer International	Pair Corr
0.95	OIGAX	Oppenheimer International	Pair Corr
0.65	IAUTX	Invesco Dividend Income	Pair Corr
0.98	MSAZX	Invesco Main Street	Pair Corr
0.98	ITYYX	Invesco Technology	Pair Corr
0.98	ITYAX	Invesco Technology	Pair Corr
0.73	OLCAX	Oppenheimer Rochester	Pair Corr
0.97	CNSDX	Invesco Vertible Sec	Pair Corr
0.99	CNSSX	Invesco Conservative	Pair Corr
0.63	IVNQX	Invesco Nasdaq 100	Pair Corr
0.89	IEFCX	Invesco Energy	Pair Corr
0.62	IENAX	Invesco Energy	Pair Corr
0.61	AGIVX	Invesco Government	Pair Corr

Moving against Oppenheimer Mutual Fund

0.73

QOPCX

Oppenheimer Flexible

Pair Corr

Related Correlations Analysis

	LOISX	BBINX	JHSFX	FCMAX	OWMBX	BIDPX	SSAGX
LOISX		0.98	0.95	0.97	0.95	0.95	0.88	LOISX
BBINX	0.98		0.98	0.93	0.98	0.9	0.93	BBINX
JHSFX	0.95	0.98		0.87	0.99	0.82	0.96	JHSFX
FCMAX	0.97	0.93	0.87		0.88	0.99	0.76	FCMAX
OWMBX	0.95	0.98	0.99	0.88		0.83	0.94	OWMBX
BIDPX	0.95	0.9	0.82	0.99	0.83		0.71	BIDPX
SSAGX	0.88	0.93	0.96	0.76	0.94	0.71		SSAGX
	LOISX	BBINX	JHSFX	FCMAX	OWMBX	BIDPX	SSAGX

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Cnsrvtv 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 Cnsrvtv'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
LOISX	0.11	0.00	(0.55)	0.20	0.00	(0.17)	0.30	(0.20)	0.90
BBINX	0.11	0.01	(0.65)	0.85	0.00	(0.15)	0.30	(0.20)	0.70
JHSFX	0.10	0.02	(0.80)	1.06	0.00	(0.16)	0.20	(0.10)	0.70
FCMAX	0.15	0.00	(0.51)	0.14	0.14	(0.18)	0.34	(0.25)	1.02
OWMBX	0.08	0.02	(0.76)	1.53	0.00	(0.12)	0.18	(0.18)	0.44
BIDPX	0.14	0.00	(0.53)	0.04	0.15	(0.17)	0.29	(0.28)	0.95
SSAGX	0.06	0.01	(1.17)	0.49	0.00	(0.18)	0.10	(0.10)	0.61

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