Oppenheimer Global Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Global Strtgc
OSIIX Fund  USD 3.18  0.01  0.32%   
The current 90-days correlation between Oppenheimer Global Strtgc and T Rowe Price is 0.29 (i.e., Modest diversification). The correlation of Oppenheimer Global 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 Global Correlation With Market

Good diversification

The correlation between Oppenheimer Global Strtgc and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Global Strtgc 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 Global Strtgc. 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

  0.85OSCNX Oppenheimer Main StreetPairCorr
  0.91OSCIX Oppenheimer Intl SmallPairCorr
  0.85OSCYX Oppenheimer Main StreetPairCorr
  0.96OSINX Oppenheimer Strat IncmPairCorr
  0.92QGRIX Oppenheimer GlobalPairCorr
  0.95FGBRX Templeton Global BondPairCorr
  0.96FBNRX Templeton Global BondPairCorr
  0.84RCWBX Capital World BondPairCorr
  0.85CCWFX Capital World BondPairCorr
  0.84CCWCX Capital World BondPairCorr
  0.85RCWEX Capital World BondPairCorr
  0.85CCWEX Capital World BondPairCorr
  0.85RCWCX Capital World BondPairCorr
  0.86RCWGX Capital World BondPairCorr
  0.86RCWFX Capital World BondPairCorr
  0.94LIIAX Columbia Porate IncomePairCorr
  0.94SRINX Columbia Porate IncomePairCorr
  0.92WRHIX Ivy High IncomePairCorr
  0.92WHIAX Ivy High IncomePairCorr
  0.93IHIFX Ivy High IncomePairCorr
  0.92IVHIX Ivy High IncomePairCorr
  0.95WAYRX Western Asset HighPairCorr
  0.86VMNVX Vanguard Global MinimumPairCorr
  0.91IAF Aberdeen AustraliaPairCorr
  0.96TFSLX Touchstone FlexiblePairCorr
  0.92XWDIX Western Asset DiversifiedPairCorr
  0.91PSILX Spectrum InternationalPairCorr
  0.94PCGQX Prudential Income BuilderPairCorr
  0.9IISPX Voya Solution 2055PairCorr
  0.89PLFIX Largecap Sp 500PairCorr
  0.84SIVIX State Street InstituPairCorr
  0.91FTDBX FtdbxPairCorr
  0.95PBHAX Prudential High YieldPairCorr
  0.94VPACX Vanguard Pacific StockPairCorr
  0.73OCMAX Ocm Mutual FundPairCorr
  0.77DLY Doubleline Yield OppPairCorr
  0.78RYPIX Transportation FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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