Oppenheimer Senior Correlations

OOSYX Fund

USD 6.46 0.01 0.16%

The current 90-days correlation between Oppenheimer Senior and Ab Bond Inflation is 0.07 (i.e., Significant 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.

Check out Your Equity Center to better understand how to build diversified portfolios. 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

0.85	OSCNX	Oppenheimer Main Street	Pair Corr
0.68	OSCIX	Oppenheimer Intl Small	Pair Corr
0.84	OSCYX	Oppenheimer Main Street	Pair Corr
0.69	OSMNX	Oppenheimer Intl Small	Pair Corr
0.71	OSMYX	Oppenheimer Intl Small	Pair Corr
0.84	OSSIX	Oppenheimer Main Street	Pair Corr
0.8	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.8	OTCYX	Oppenheimer Capital	Pair Corr
0.79	ODINX	Oppenheimer Discovery	Pair Corr
0.81	ODIYX	Oppenheimer Discovery	Pair Corr
0.76	ODVNX	Oppenheimer Developing	Pair Corr
0.79	ODVYX	Oppenheimer Developing	Pair Corr
0.65	QMGIX	Oppenheimer Global	Pair Corr
0.65	QMGRX	Oppenheimer Global	Pair Corr
0.65	QMGYX	Oppenheimer Global	Pair Corr
0.65	QMGAX	Oppenheimer Global	Pair Corr
0.65	QMGCX	Oppenheimer Global	Pair Corr
0.76	CGRNX	Oppenheimer Value	Pair Corr
0.76	CGRYX	Oppenheimer Disciplined	Pair Corr
0.8	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.8	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.8	OEGNX	Oppenhmr Discovery Mid	Pair Corr

Related Correlations Analysis

	ABNCX	ABNOX	HIPAX	FLIBX	LIFAX	ABNAX	NWXNX
ABNCX		0.77	0.74	0.83	0.65	0.77	0.78	ABNCX
ABNOX	0.77		0.93	0.93	0.92	1.0	0.86	ABNOX
HIPAX	0.74	0.93		0.92	0.93	0.94	0.93	HIPAX
FLIBX	0.83	0.93	0.92		0.81	0.94	0.96	FLIBX
LIFAX	0.65	0.92	0.93	0.81		0.91	0.78	LIFAX
ABNAX	0.77	1.0	0.94	0.94	0.91		0.88	ABNAX
NWXNX	0.78	0.86	0.93	0.96	0.78	0.88		NWXNX
	ABNCX	ABNOX	HIPAX	FLIBX	LIFAX	ABNAX	NWXNX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNCX	0.21	0.03	0.25	(0.97)	0.19	(0.24)	0.49	(0.49)	1.29
ABNOX	0.21	0.03	0.23	(1.04)	0.19	(0.24)	0.49	(0.48)	1.37
HIPAX	0.23	0.02	0.20	4.04	0.25	(0.27)	0.50	(0.59)	1.58
FLIBX	0.27	0.02	0.17	(1.47)	0.36	(0.29)	0.54	(0.53)	1.80
LIFAX	0.19	0.02	0.24	2.75	0.16	(0.24)	0.60	(0.42)	1.37
ABNAX	0.22	0.03	0.25	(0.83)	0.19	(0.26)	0.48	(0.48)	1.33
NWXNX	0.27	0.00	0.16	0.00	0.34	(0.29)	0.55	(0.55)	1.65

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Oppenheimer Senior Correlations

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Related Correlations Analysis

Risk-Adjusted Indicators

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