Oppenheimer Flexible Correlations
QOPIX Fund | USD 24.71 0.02 0.08% |
The current 90-days correlation between Oppenheimer Flexible and Nationwide Fund Class is 0.03 (i.e., Significant 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
Good diversification
The correlation between Oppenheimer Flexible Strategie and DJI is -0.07 (i.e., 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.
Oppenheimer |
Moving together with Oppenheimer Mutual Fund
Moving against Oppenheimer Mutual Fund
0.73 | OSCIX | Oppenheimer Intl Small | PairCorr |
0.73 | OSMYX | Oppenheimer Intl Small | PairCorr |
0.68 | OTCNX | Oppenheimer Cap Apprec | PairCorr |
0.68 | OTCYX | Oppenheimer Capital | PairCorr |
0.68 | ODIYX | Oppenheimer Discovery | PairCorr |
0.66 | OSMNX | Oppenheimer Intl Small | PairCorr |
0.62 | OSCNX | Oppenheimer Main Street | PairCorr |
0.62 | OSCYX | Oppenheimer Main Street | PairCorr |
0.62 | OSSIX | Oppenheimer Main Street | PairCorr |
0.62 | ODINX | Oppenheimer Discovery | PairCorr |
0.59 | OSINX | Oppenheimer Strat Incm | PairCorr |
0.58 | OSIIX | Oppenheimer Global Strtgc | PairCorr |
0.5 | OSIYX | Oppenheimer Strategic | PairCorr |
0.43 | OSPAX | Oppenheimer Steelpath Mlp | PairCorr |
0.43 | MLPOX | Oppenheimer Steelpath Mlp | PairCorr |
0.42 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
0.37 | OSPMX | Oppenheimer Steelpath Mlp | PairCorr |
0.33 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
0.32 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
0.71 | OGIYX | Oppenheimer Global | PairCorr |
0.71 | OGIIX | Oppenheimer Global | PairCorr |
0.71 | OGINX | Oppenheimer Gr Incm | PairCorr |
0.69 | OEGYX | Oppenhmr Discovery Mid | PairCorr |
0.69 | OEGIX | Oppenhmr Discovery Mid | PairCorr |
0.66 | QMGIX | Oppenheimer Global | PairCorr |
0.66 | QMGRX | Oppenheimer Global | PairCorr |
0.66 | QMGYX | Oppenheimer Global | PairCorr |
0.66 | QMGCX | Oppenheimer Global | PairCorr |
0.66 | OEMIX | Ophmr Eml Dbt | PairCorr |
0.66 | OEMNX | Ophmr Eml Dbt | PairCorr |
0.64 | OEMYX | Ophmr Eml Dbt | PairCorr |
0.63 | ODVNX | Oppenheimer Developing | PairCorr |
0.63 | ODVYX | Oppenheimer Developing | PairCorr |
0.62 | OEGNX | Oppenhmr Discovery Mid | PairCorr |
0.6 | CGRNX | Oppenheimer Value | PairCorr |
0.6 | CGRYX | Oppenheimer Disciplined | PairCorr |
0.6 | OGLIX | Oppenheimer Global | PairCorr |
Related Correlations Analysis
0.94 | 0.93 | 1.0 | 0.64 | 1.0 | 1.0 | GNWRX | ||
0.94 | 0.9 | 0.93 | 0.54 | 0.94 | 0.93 | BBHLX | ||
0.93 | 0.9 | 0.95 | 0.65 | 0.93 | 0.95 | SMPIX | ||
1.0 | 0.93 | 0.95 | 0.64 | 0.99 | 1.0 | URNQX | ||
0.64 | 0.54 | 0.65 | 0.64 | 0.65 | 0.63 | TMSRX | ||
1.0 | 0.94 | 0.93 | 0.99 | 0.65 | 0.99 | LANIX | ||
1.0 | 0.93 | 0.95 | 1.0 | 0.63 | 0.99 | NQQQX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
GNWRX | 1.02 | 0.17 | 0.04 | (2.50) | 1.58 | 2.41 | 12.73 | |||
BBHLX | 0.76 | 0.12 | 0.07 | 0.26 | 1.08 | 1.86 | 6.97 | |||
SMPIX | 3.22 | 0.64 | 0.16 | 0.31 | 4.03 | 6.91 | 38.23 | |||
URNQX | 1.24 | 0.26 | 0.07 | (2.11) | 1.74 | 2.62 | 16.19 | |||
TMSRX | 0.10 | 0.00 | (0.24) | (0.27) | 0.15 | 0.22 | 0.77 | |||
LANIX | 0.89 | 0.15 | 0.04 | (2.11) | 1.47 | 1.95 | 10.97 | |||
NQQQX | 1.25 | 0.26 | 0.07 | (2.29) | 1.71 | 2.63 | 16.17 |