Oppenheimer Moderate Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Moderate Invstr
OCMIX Fund  USD 11.48  0.05  0.44%   
The current 90-days correlation between Oppenheimer Moderate and Slow Capital Growth is -0.12 (i.e., Good diversification). The correlation of Oppenheimer Moderate 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 Moderate Correlation With Market

Good diversification

The correlation between Oppenheimer Moderate Invstr and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Moderate 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 Moderate 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

  0.89OARDX Oppenheimer RisingPairCorr
  0.88AMHYX Invesco High YieldPairCorr
  0.69OSICX Oppenheimer StrategicPairCorr
  0.82OSMAX Oppenheimer InternationalPairCorr
  0.82OSMCX Oppenheimer InternationalPairCorr
  0.97HYIFX Invesco High YieldPairCorr
  0.88HYINX Invesco High YieldPairCorr
  0.99ILAAX Invesco Income AllocationPairCorr
  0.97PXCCX Invesco Select RiskPairCorr
  0.7BRCRX Invesco Balanced RiskPairCorr
  0.71BRCNX Invesco Balanced RiskPairCorr
  0.97PXCIX Invesco Select RiskPairCorr
  0.69BRCCX Invesco Balanced RiskPairCorr
  0.7BRCAX Invesco Balanced RiskPairCorr
  0.71BRCYX Invesco Balanced Risk Potential GrowthPairCorr
  1.0PXGGX Invesco Select RiskPairCorr
  0.87OTFCX Oppenheimer TargetPairCorr
  0.91EMLDX Invesco Emerging MarketsPairCorr
  1.0PXMQX Invesco Select RiskPairCorr
  1.0PXMSX Invesco Select RiskPairCorr
  0.99DIGGX Invesco DiscoveryPairCorr
  0.88PXMMX Invesco Select RiskPairCorr
  0.88PXQIX Invesco Select RiskPairCorr
  0.88OCAIX Oppenheimer AggrssvPairCorr
  0.84OCCIX Oppenheimer CnsrvtvPairCorr
  0.85STBAX Invesco Short TermPairCorr
  0.81STBCX Invesco Short TermPairCorr
  0.72MLPRX Oppenheimer Steelpath MlpPairCorr
  0.62STBYX Invesco Short TermPairCorr
  0.85STBRX Invesco Short TermPairCorr
  0.64MLPAX Oppenheimer Steelpath MlpPairCorr
  0.63MLPGX Oppenheimer Steelpath MlpPairCorr
  0.71MLPFX Oppenheimer Steelpath MlpPairCorr
  0.78MLPEX Steelpath SelectPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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