Oppenheimer Intl Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Intl Bd
OIBIX Fund  USD 4.54  0.01  0.22%   
The current 90-days correlation between Oppenheimer Intl and Thrivent Natural Resources is -0.12 (i.e., Good diversification). The correlation of Oppenheimer Intl 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 Intl Correlation With Market

Significant diversification

The correlation between Oppenheimer Intl Bd and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Intl Bd 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 Intl Bd. 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

  0.67OSCIX Oppenheimer Intl SmallPairCorr
  0.78OSIIX Oppenheimer Global StrtgcPairCorr
  0.8OSINX Oppenheimer Strat IncmPairCorr
  0.78OSIYX Oppenheimer StrategicPairCorr
  0.67OSMNX Oppenheimer Intl SmallPairCorr
  0.67OSMYX Oppenheimer Intl SmallPairCorr
  0.63OSPAX Oppenheimer Steelpath MlpPairCorr
  0.72OSSIX Oppenheimer Main StreetPairCorr
  0.65OTCNX Oppenheimer Cap ApprecPairCorr
  0.65OTCYX Oppenheimer CapitalPairCorr
  0.69MLPOX Oppenheimer Steelpath MlpPairCorr
  0.64ODINX Oppenheimer DiscoveryPairCorr
  0.79ODIYX Oppenheimer DiscoveryPairCorr
  0.63QMGIX Oppenheimer GlobalPairCorr
  0.85QMGRX Oppenheimer GlobalPairCorr
  0.63QMGYX Oppenheimer GlobalPairCorr
  0.85QMGAX Oppenheimer GlobalPairCorr
  0.63QMGCX Oppenheimer GlobalPairCorr
  0.82CGRNX Oppenheimer ValuePairCorr
  0.82CGRYX Oppenheimer DisciplinedPairCorr
  0.8OEGYX Oppenhmr Discovery MidPairCorr
  0.8OEGIX Oppenhmr Discovery MidPairCorr
  0.64OEGNX Oppenhmr Discovery MidPairCorr
  0.93OEMIX Ophmr Eml DbtPairCorr
  0.76OEMNX Ophmr Eml DbtPairCorr
  0.8OGIYX Oppenheimer GlobalPairCorr

Moving against Oppenheimer Mutual Fund

  0.54QOPNX Oppenheimer FlexiblePairCorr
  0.52QOPIX Oppenheimer FlexiblePairCorr
  0.52QOPYX 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 Intl 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 Intl'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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