Oppenheimer Senior Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Senior Floating
OOSYX Fund  USD 6.48  0.00  0.00%   
The current 90-days correlation between Oppenheimer Senior and Oppenheimer Main Street is 0.12 (i.e., Average diversification). The correlation of Oppenheimer Senior 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 Senior Correlation With Market

Modest diversification

The correlation between Oppenheimer Senior Floating and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Senior Floating 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 Senior Floating. 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 manufacturing.

Moving together with Oppenheimer Mutual Fund

  0.96OSCNX Oppenheimer Main StreetPairCorr
  0.97OSCIX Oppenheimer Intl SmallPairCorr
  0.96OSCYX Oppenheimer Main StreetPairCorr
  0.89OSIIX Oppenheimer Global StrtgcPairCorr
  0.87OSINX Oppenheimer Strat IncmPairCorr
  0.87OSIYX Oppenheimer StrategicPairCorr
  0.97OSMNX Oppenheimer Intl SmallPairCorr
  0.97OSMYX Oppenheimer Intl SmallPairCorr
  0.72OSPAX Oppenheimer Steelpath MlpPairCorr
  0.72OSPMX Oppenheimer Steelpath MlpPairCorr
  0.62OSPPX Oppenheimer Steelpath MlpPairCorr
  0.77OSPSX Oppenheimer Steelpath MlpPairCorr
  0.96OSSIX Oppenheimer Main StreetPairCorr
  0.98OTCNX Oppenheimer Cap ApprecPairCorr
  0.98OTCYX Oppenheimer CapitalPairCorr
  0.72MLPOX Oppenheimer Steelpath MlpPairCorr
  0.62MLPNX Oppenheimer Steelpath MlpPairCorr
  0.76MLPTX Oppenheimer Steelpath MlpPairCorr
  0.72MLPZX Oppenheimer Steelpath MlpPairCorr
  0.97ODINX Oppenheimer DiscoveryPairCorr
  0.97ODIYX Oppenheimer DiscoveryPairCorr
  0.96ODVNX Oppenheimer DevelopingPairCorr
  0.96ODVYX Oppenheimer DevelopingPairCorr
  0.97QMGIX Oppenheimer GlobalPairCorr
  0.97QMGRX Oppenheimer GlobalPairCorr
  0.97QMGYX Oppenheimer GlobalPairCorr
  0.97QMGAX Oppenheimer GlobalPairCorr
  0.97QMGCX Oppenheimer GlobalPairCorr
  0.96CGRNX Oppenheimer ValuePairCorr
  0.96CGRYX Oppenheimer DisciplinedPairCorr
  0.97OEGYX Oppenhmr Discovery MidPairCorr
  0.97OEGIX Oppenhmr Discovery MidPairCorr
  0.97OEGNX Oppenhmr Discovery MidPairCorr
  0.92OEMIX Ophmr Eml DbtPairCorr
  0.93OEMNX Ophmr Eml DbtPairCorr
  0.92OEMYX Ophmr Eml DbtPairCorr

Moving against Oppenheimer Mutual Fund

  0.68QOPNX Oppenheimer FlexiblePairCorr
  0.66QOPYX Oppenheimer FlexiblePairCorr
  0.65QOPIX Oppenheimer FlexiblePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Senior 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 Senior'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OSCNX  0.86  0.09  0.09  0.21  0.85 
(0.99)
 2.26 
(1.83)
 6.08 
OSCIX  0.57  0.14  0.08  0.51  0.48 
(0.64)
 1.27 
(1.08)
 2.95 
OSCYX  0.86  0.09  0.09  0.22  0.83 
(0.99)
 2.25 
(1.79)
 6.03 
OSIIX  0.27  0.05 (0.18) 2.68  0.05 
(0.44)
 0.65 
(0.62)
 1.56 
OSINX  0.24  0.05 (0.21)(12.15) 0.00 
(0.42)
 0.64 
(0.32)
 1.56 
OSIYX  0.24  0.05 (0.18) 2.50  0.00 
(0.38)
 0.63 
(0.32)
 1.29 
OSMNX  0.57  0.14  0.08  0.50  0.49 
(0.64)
 1.27 
(1.10)
 2.93 
OSMYX  0.57  0.14  0.08  0.51  0.48 
(0.64)
 1.28 
(1.11)
 2.94 
OSPAX  0.76  0.01 (0.05) 0.15  1.00 
(0.80)
 1.77 
(1.40)
 5.13 
OSPMX  0.73  0.02 (0.05) 0.18  0.85 
(0.80)
 1.61 
(1.37)
 4.13 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY