Oppenheimer Flexible Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Flexible Strategies
QOPCX Fund  USD 20.52  0.01  0.05%   
The current 90-days correlation between Oppenheimer Flexible and Nationwide Bailard Technology is -0.31 (i.e., Very good diversification). The correlation of Oppenheimer Flexible 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 Flexible Correlation With Market

Very good diversification

The correlation between Oppenheimer Flexible Strategie and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Flexible Strategie 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 Flexible Strategies. 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 against Oppenheimer Mutual Fund

  0.88FSTEX Invesco EnergyPairCorr
  0.82BRCYX Invesco Balanced RiskPairCorr
  0.76MLPAX Oppenheimer Steelpath MlpPairCorr
  0.75OARDX Oppenheimer RisingPairCorr
  0.75MLPGX Oppenheimer Steelpath MlpPairCorr
  0.74PXCCX Invesco Select RiskPairCorr
  0.74PXCIX Invesco Select RiskPairCorr
  0.73ODIIX Oppenheimer DiscoveryPairCorr
  0.72OCMIX Oppenheimer ModeratePairCorr
  0.71MLPDX Oppenheimer Steelpath MlpPairCorr
  0.71MLPMX Oppenheimer Steelpath MlpPairCorr
  0.71MLPLX Oppenheimer Steelpath MlpPairCorr
  0.7MLPFX Oppenheimer Steelpath MlpPairCorr
  0.7ODMAX Oppenheimer DevelopingPairCorr
  0.68OSMAX Oppenheimer InternationalPairCorr
  0.68STBYX Invesco Short TermPairCorr
  0.65OSICX Oppenheimer StrategicPairCorr
  0.62INGFX Invesco OppenheimerPairCorr
  0.75FSTUX Invesco Dividend IncomePairCorr
  0.71VSQYX Invesco Global ResponsPairCorr
  0.7ODVIX Oppenheimer DevelopingPairCorr
  0.7OGICX Oppenheimer Global GrowthPairCorr
  0.68IORMX Aim Taxexempt FundsPairCorr
  0.65OEMCX Ophmr Eml DbtPairCorr
  0.65OIDAX Oppenheimer InternationalPairCorr
  0.65OIDCX Oppenheimer InternationalPairCorr
  0.64ASISX Invesco Asia PacificPairCorr
  0.64ASIAX Invesco Asia PacificPairCorr
  0.57OIBAX Oppenheimer InternationalPairCorr
  0.53ARGYX Invesco Global RealPairCorr
  0.52CGREX Invesco Global RealPairCorr
  0.31IOGYX Invesco Gold SpecialPairCorr
  0.31OGMCX Oppenheimer Gold SpecialPairCorr
  0.88IEFCX Invesco EnergyPairCorr
  0.88IENAX Invesco EnergyPairCorr
  0.79ACEIX Invesco Equity AndPairCorr
  0.77CNSDX Invesco Vertible SecPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY