Oppenheimer Strategic Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Strategic Income
OSICX Fund  USD 3.19  0.01  0.31%   
The current 90-days correlation between Oppenheimer Strategic and Siit High Yield is 0.3 (i.e., Weak diversification). The correlation of Oppenheimer Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Oppenheimer Strategic Income and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Strategic Income 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 Strategic Income. 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 main economic indicators.

Moving together with Oppenheimer Mutual Fund

  0.89OARDX Oppenheimer RisingPairCorr
  0.95AMHYX Invesco High YieldPairCorr
  0.93OSMAX Oppenheimer InternationalPairCorr
  0.93OSMCX Oppenheimer InternationalPairCorr
  0.94PXCCX Invesco Select RiskPairCorr
  0.94PXCIX Invesco Select RiskPairCorr
  0.81BRCYX Invesco Balanced RiskPairCorr
  0.89OTFCX Oppenheimer TargetPairCorr
  0.91PXMQX Invesco Select RiskPairCorr
  0.9DIGGX Invesco DiscoveryPairCorr
  0.91PXMMX Invesco Select RiskPairCorr
  0.9OCAIX Oppenheimer AggrssvPairCorr
  0.94OCCIX Oppenheimer CnsrvtvPairCorr
  0.95STBCX Invesco Short TermPairCorr
  0.76MLPRX Oppenheimer Steelpath MlpPairCorr
  0.95STBYX Invesco Short TermPairCorr
  0.69MLPDX Oppenheimer Steelpath MlpPairCorr
  0.78MLPAX Oppenheimer Steelpath MlpPairCorr
  0.81MLPGX Oppenheimer Steelpath MlpPairCorr
  0.78MLPFX Oppenheimer Steelpath MlpPairCorr
  0.82MLPEX Steelpath SelectPairCorr
  0.75MLPMX Oppenheimer Steelpath MlpPairCorr
  0.71MLPLX Oppenheimer Steelpath MlpPairCorr
  0.91OCMIX Oppenheimer ModeratePairCorr
  0.9SCAUX Invesco Low VolatilityPairCorr
  0.9SCCUX Invesco Low VolatilityPairCorr
  0.98INBQX Aim Investment FundsPairCorr
  0.9SCIUX Invesco Low VolatilityPairCorr
  0.9INGFX Invesco OppenheimerPairCorr
  0.89FSIUX Invesco Dividend IncomePairCorr
  0.9ODIIX Oppenheimer DiscoveryPairCorr
  0.89SCRUX Invesco Low VolatilityPairCorr
  0.92ODMAX Oppenheimer DevelopingPairCorr
  0.87FSTEX Invesco EnergyPairCorr
  0.89FSTUX Invesco Dividend IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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