Ophmr Eml Correlations

Mutual Funds USA . 
Fund . Ophmr Eml Dbt
OEMNX Fund  USD 5.41  0.01  0.19%   
The current 90-days correlation between Ophmr Eml Dbt and Oppenheimer Main Street is 0.01 (i.e., Significant diversification). The correlation of Ophmr Eml 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.

Ophmr Eml Correlation With Market

Good diversification

The correlation between Ophmr Eml Dbt and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ophmr Eml Dbt 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 Ophmr Eml Dbt. 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 board of governors.

Moving together with Ophmr Mutual Fund

  0.87OSCNX Oppenheimer Main StreetPairCorr
  0.94OSCIX Oppenheimer Intl SmallPairCorr
  0.88OSCYX Oppenheimer Main StreetPairCorr
  0.97OSIIX Oppenheimer Global StrtgcPairCorr
  0.97OSINX Oppenheimer Strat IncmPairCorr
  0.96OSIYX Oppenheimer StrategicPairCorr
  0.94OSMNX Oppenheimer Intl SmallPairCorr
  0.94OSMYX Oppenheimer Intl SmallPairCorr
  0.71OSPAX Oppenheimer Steelpath MlpPairCorr
  0.64OSPMX Oppenheimer Steelpath MlpPairCorr
  0.71OSPSX Oppenheimer Steelpath MlpPairCorr
  0.88OSSIX Oppenheimer Main StreetPairCorr
  0.92OTCNX Oppenheimer Cap ApprecPairCorr
  0.92OTCYX Oppenheimer CapitalPairCorr
  0.7MLPOX Oppenheimer Steelpath MlpPairCorr
  0.71MLPTX Oppenheimer Steelpath MlpPairCorr
  0.67MLPZX Oppenheimer Steelpath MlpPairCorr
  0.91ODINX Oppenheimer DiscoveryPairCorr
  0.92ODIYX Oppenheimer DiscoveryPairCorr
  0.92ODVNX Oppenheimer DevelopingPairCorr
  0.91ODVYX Oppenheimer DevelopingPairCorr
  0.93QMGIX Oppenheimer GlobalPairCorr
  0.93QMGRX Oppenheimer GlobalPairCorr
  0.93QMGYX Oppenheimer GlobalPairCorr
  0.93QMGAX Oppenheimer GlobalPairCorr
  0.92QMGCX Oppenheimer GlobalPairCorr
  0.93CGRNX Oppenheimer ValuePairCorr
  0.94CGRYX Oppenheimer DisciplinedPairCorr
  0.9OEGYX Oppenhmr Discovery MidPairCorr
  0.9OEGIX Oppenhmr Discovery MidPairCorr
  0.9OEGNX Oppenhmr Discovery MidPairCorr
  0.98OEMIX Ophmr Eml DbtPairCorr
  1.0OEMYX Ophmr Eml DbtPairCorr

Moving against Ophmr Mutual Fund

  0.65QOPNX Oppenheimer FlexiblePairCorr
  0.62QOPYX Oppenheimer FlexiblePairCorr
  0.61QOPIX Oppenheimer FlexiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ophmr Mutual Fund performing well and Ophmr Eml 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 Ophmr Eml'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OSCNX  0.86  0.27  0.11 (1.67) 0.81 
(1.00)
 2.26 
(1.83)
 6.08 
OSCIX  0.57  0.14  0.08  0.51  0.48 
(0.64)
 1.27 
(1.08)
 2.95 
OSCYX  0.86  0.09  0.09  0.22  0.83 
(0.99)
 2.25 
(1.79)
 6.03 
OSIIX  0.29  0.07 (0.14)(4.66) 0.00 
(0.46)
 0.65 
(0.62)
 1.64 
OSINX  0.24  0.05 (0.21)(12.15) 0.00 
(0.42)
 0.64 
(0.32)
 1.56 
OSIYX  0.25  0.06 (0.16) 7.50  0.00 
(0.41)
 0.64 
(0.32)
 1.63 
OSMNX  0.58  0.22  0.12 (80.19) 0.43 
(0.65)
 1.40 
(1.10)
 2.93 
OSMYX  0.57  0.14  0.08  0.51  0.48 
(0.64)
 1.28 
(1.11)
 2.94 
OSPAX  0.76  0.01 (0.05) 0.15  1.00 
(0.80)
 1.77 
(1.40)
 5.13 
OSPMX  0.73  0.02 (0.05) 0.18  0.85 
(0.80)
 1.61 
(1.37)
 4.13 

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