Oppenheimer Moderate Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Moderate Invstr
OCMIX Fund  USD 11.53  0.03  0.26%   
The current 90-days correlation between Oppenheimer Moderate and Aig Government Money is 0.1 (i.e., Average diversification). The correlation of Oppenheimer Moderate 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 Moderate Correlation With Market

Good diversification

The correlation between Oppenheimer Moderate Invstr and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Moderate Invstr 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 Moderate Invstr. 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

  0.98OSMAX Oppenheimer InternationalPairCorr
  0.97HYIFX Invesco High YieldPairCorr
  0.98HYINX Invesco High YieldPairCorr
  0.99ILAAX Invesco Income AllocationPairCorr
  0.97PXCCX Invesco Select RiskPairCorr
  0.64BRCRX Invesco Balanced RiskPairCorr
  0.65BRCNX Invesco Balanced RiskPairCorr
  0.98PXCIX Invesco Select RiskPairCorr
  0.63BRCCX Invesco Balanced RiskPairCorr
  0.65BRCAX Invesco Balanced RiskPairCorr
  0.66BRCYX Invesco Balanced RiskPairCorr
  0.98PXGGX Invesco Select RiskPairCorr
  0.91EMLDX Invesco Emerging MarketsPairCorr
  0.98PXMQX Invesco Select RiskPairCorr
  0.98PXMSX Invesco Select RiskPairCorr
  0.98DIGGX Invesco DiscoveryPairCorr
  0.98PXMMX Invesco Select RiskPairCorr
  0.97PXQIX Invesco Select RiskPairCorr
  1.0OCAIX Oppenheimer AggrssvPairCorr
  0.97OCCIX Oppenheimer CnsrvtvPairCorr
  0.89STBAX Invesco Short TermPairCorr
  0.88STBCX Invesco Short TermPairCorr
  0.89STBYX Invesco Short TermPairCorr
  0.89STBRX Invesco Short TermPairCorr
  0.7MLPDX Oppenheimer Steelpath MlpPairCorr
  0.75MLPFX Oppenheimer Steelpath MlpPairCorr
  0.73MLPEX Steelpath SelectPairCorr
  0.61MLPLX Oppenheimer Steelpath MlpPairCorr
  0.99OCRDX Oppenheimer RisingPairCorr
  0.92STMUX Invesco Short TermPairCorr
  0.99SCAYX Invesco Low VolatilityPairCorr
  0.97SCAUX Invesco Low VolatilityPairCorr
  0.84INBQX Aim Investment FundsPairCorr
  0.98SCIUX Invesco Low VolatilityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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