Oppenheimer International Correlations

Mutual Funds . USA . 
Fund . Oppenheimer International Small
OSMAX Fund  USD 43.07  0.09  0.21%   
The current 90-days correlation between Oppenheimer International and Miller Vertible Bond is 0.75 (i.e., Poor 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

Poor diversification

The correlation between Oppenheimer International Smal and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer International Smal 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 Small. 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
  0.92AMHYX Invesco High YieldPairCorr
  0.9OSICX Oppenheimer StrategicPairCorr
  1.0OSMCX Oppenheimer InternationalPairCorr
  0.92HYIFX Invesco High YieldPairCorr
  0.92HYINX Invesco High YieldPairCorr
  0.94ILAAX Invesco Income AllocationPairCorr
  0.92PXCCX Invesco Select RiskPairCorr
  0.64BRCRX Invesco Balanced RiskPairCorr
  0.65BRCNX Invesco Balanced RiskPairCorr
  0.92PXCIX Invesco Select RiskPairCorr
  0.63BRCCX Invesco Balanced RiskPairCorr
  0.65BRCAX Invesco Balanced RiskPairCorr
  0.65BRCYX Invesco Balanced RiskPairCorr
  0.97PXGGX Invesco Select RiskPairCorr
  0.96OTFCX Oppenheimer TargetPairCorr
  0.94EMLDX Invesco Emerging MarketsPairCorr
  0.97PXMQX Invesco Select RiskPairCorr
  0.97PXMSX Invesco Select RiskPairCorr
  0.97DIGGX Invesco DiscoveryPairCorr
  0.97PXMMX Invesco Select RiskPairCorr
  0.97OCAIX Oppenheimer AggrssvPairCorr
  0.92OCCIX Oppenheimer CnsrvtvPairCorr
  0.83STBAX Invesco Short TermPairCorr
  0.78STBCX Invesco Short TermPairCorr
  0.82STBYX Invesco Short TermPairCorr
  0.83STBRX Invesco Short TermPairCorr
  0.65MLPEX Steelpath SelectPairCorr

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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