Oppenheimer Intl Correlations

OSMYX Fund

USD 41.13 0.87 2.16%

The current 90-days correlation between Oppenheimer Intl Small and Franklin Adjustable Government is 0.16 (i.e., Average diversification). The correlation of Oppenheimer Intl 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 Intl Correlation With Market

Poor diversification

The correlation between Oppenheimer Intl Small and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Intl Small 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 Intl 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 population.

Moving together with Oppenheimer Mutual Fund

0.76	OSCNX	Oppenheimer Main Street	Pair Corr
1.0	OSCIX	Oppenheimer Intl Small	Pair Corr
0.75	OSCYX	Oppenheimer Main Street	Pair Corr
1.0	OSMNX	Oppenheimer Intl Small	Pair Corr
0.75	OSSIX	Oppenheimer Main Street	Pair Corr

Moving against Oppenheimer Mutual Fund

0.4	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.39	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.31	OSIYX	Oppenheimer Strategic	Pair Corr
0.4	OEMIX	Ophmr Eml Dbt	Pair Corr
0.38	OEMNX	Ophmr Eml Dbt	Pair Corr
0.38	OEMYX	Ophmr Eml Dbt	Pair Corr

Related Correlations Analysis

	FCSCX	GVTFX	NUSAX	TWARX	GGTPX	SMAAX	SNGYX
FCSCX		0.81	0.9	0.96	0.8	0.82	0.79	FCSCX
GVTFX	0.81		0.76	0.91	0.99	0.89	0.97	GVTFX
NUSAX	0.9	0.76		0.9	0.79	0.88	0.8	NUSAX
TWARX	0.96	0.91	0.9		0.9	0.87	0.89	TWARX
GGTPX	0.8	0.99	0.79	0.9		0.91	0.98	GGTPX
SMAAX	0.82	0.89	0.88	0.87	0.91		0.91	SMAAX
SNGYX	0.79	0.97	0.8	0.89	0.98	0.91		SNGYX
	FCSCX	GVTFX	NUSAX	TWARX	GGTPX	SMAAX	SNGYX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Intl 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 Intl'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
FCSCX	0.05	0.01	0.00	(5.48)	0.00	0.00	0.13	(0.13)	0.53
GVTFX	0.17	0.03	(0.06)	0.92	0.00	(0.21)	0.33	(0.25)	1.08
NUSAX	0.03	0.01	0.00	0.66	0.00	0.00	0.10	0.00	0.10
TWARX	0.05	0.01	(0.29)	(0.89)	0.00	(0.14)	0.11	(0.11)	0.44
GGTPX	0.18	0.03	(0.05)	2.72	0.04	(0.20)	0.38	(0.31)	1.06
SMAAX	0.09	0.02	(0.12)	4.77	0.00	(0.15)	0.20	(0.10)	0.59
SNGYX	0.14	0.02	(0.12)	(1.44)	0.00	(0.19)	0.29	(0.19)	0.77

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