Oppenheimer Value Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Value Fd
OGRIX Fund  USD 34.58  0.15  0.43%   
The current 90-days correlation between Oppenheimer Value and Alternative Asset Allocation is 0.76 (i.e., Poor 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

Very poor diversification

The correlation between Oppenheimer Value Fd 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 Value Fd 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 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 gross domestic product.

Moving together with Oppenheimer Mutual Fund

  0.97OSCNX 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
  0.97OSMNX 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
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.79MLPTX Oppenheimer Steelpath MlpPairCorr
  0.77MLPZX Oppenheimer Steelpath MlpPairCorr
  0.98ODINX Oppenheimer DiscoveryPairCorr
  0.98ODIYX Oppenheimer DiscoveryPairCorr
  0.97ODVNX Oppenheimer DevelopingPairCorr
  0.97ODVYX Oppenheimer DevelopingPairCorr
  0.96QMGIX Oppenheimer GlobalPairCorr
  0.95QMGRX Oppenheimer GlobalPairCorr
  0.96QMGYX Oppenheimer GlobalPairCorr
  0.96QMGAX Oppenheimer GlobalPairCorr
  0.95QMGCX Oppenheimer GlobalPairCorr
  1.0CGRNX Oppenheimer ValuePairCorr
  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

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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