Oppenheimer International Correlations

Mutual Funds . USA . 
Fund . Oppenheimer International Growth
OIGAX Fund  USD 35.51  0.19  0.53%   
The current 90-days correlation between Oppenheimer International and Fbanjx is -0.07 (i.e., Good diversification). The correlation of Oppenheimer International 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 International Correlation With Market

Good diversification

The correlation between Oppenheimer International Grow and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer International Grow 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 International Growth. 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 nation.

Moving together with Oppenheimer Mutual Fund

  0.95OARDX Oppenheimer RisingPairCorr
  0.95AMHYX Invesco High YieldPairCorr
  0.9OSICX Oppenheimer StrategicPairCorr
  0.99OSMAX Oppenheimer InternationalPairCorr
  0.97OSMCX Oppenheimer InternationalPairCorr
  0.94HYINX Invesco High YieldPairCorr
  0.96PXCCX Invesco Select RiskPairCorr
  0.96PXCIX Invesco Select RiskPairCorr
  0.68BRCYX Invesco Balanced RiskPairCorr
  0.96OTFCX Oppenheimer TargetPairCorr
  0.9EMLDX Invesco Emerging MarketsPairCorr
  0.96PXMQX Invesco Select RiskPairCorr
  0.97DIGGX Invesco DiscoveryPairCorr
  0.98PXMMX Invesco Select RiskPairCorr
  0.96OCAIX Oppenheimer AggrssvPairCorr
  0.96OCCIX Oppenheimer CnsrvtvPairCorr
  0.86STBCX Invesco Short TermPairCorr
  0.83MLPRX Oppenheimer Steelpath MlpPairCorr
  0.87STBYX Invesco Short TermPairCorr
  0.82MLPDX Oppenheimer Steelpath MlpPairCorr
  0.8MLPAX Oppenheimer Steelpath MlpPairCorr
  0.8MLPGX Oppenheimer Steelpath MlpPairCorr
  0.86MLPFX Oppenheimer Steelpath MlpPairCorr
  0.86MLPEX Steelpath SelectPairCorr
  0.68MLPMX Oppenheimer Steelpath MlpPairCorr
  0.74MLPLX Oppenheimer Steelpath MlpPairCorr
  0.96OCMIX Oppenheimer ModeratePairCorr
  0.95OCRDX Oppenheimer RisingPairCorr
  0.94SCAUX Invesco Low VolatilityPairCorr
  0.94SCCUX Invesco Low VolatilityPairCorr
  0.87INBQX Aim Investment FundsPairCorr
  0.96SCIUX Invesco Low VolatilityPairCorr
  0.98INGFX Invesco OppenheimerPairCorr
  0.93FSIUX Invesco Dividend IncomePairCorr
  0.95ODIIX Oppenheimer DiscoveryPairCorr
  0.95SCRUX Invesco Low VolatilityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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