Oppenheimer Global Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Global Strtgc
OSIIX Fund  USD 3.19  0.01  0.31%   
The current 90-days correlation between Oppenheimer Global Strtgc and Ep Emerging Markets is 0.24 (i.e., Modest diversification). The correlation of Oppenheimer Global 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 Global Correlation With Market

Good diversification

The correlation between Oppenheimer Global Strtgc and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Global Strtgc 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 Global Strtgc. 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

  0.82OSCNX Oppenheimer Main StreetPairCorr
  0.81OSCIX Oppenheimer Intl SmallPairCorr
  0.83OSCYX Oppenheimer Main StreetPairCorr
  0.98OSINX Oppenheimer Strat IncmPairCorr
  0.97FGBRX Templeton Global BondPairCorr
  0.98FBNRX Templeton Global BondPairCorr
  0.89RCWBX Capital World BondPairCorr
  0.91CCWFX Capital World BondPairCorr
  0.89CCWCX Capital World BondPairCorr
  0.8RCWEX Capital World BondPairCorr
  0.9CCWEX Capital World BondPairCorr
  0.79RCWCX Capital World BondPairCorr
  0.8RCWGX Capital World BondPairCorr
  0.92RCWFX Capital World BondPairCorr
  0.95LIIAX Columbia Porate IncomePairCorr
  0.95SRINX Columbia Porate IncomePairCorr
  0.92WRHIX Ivy High IncomePairCorr
  0.92WHIAX Ivy High IncomePairCorr
  0.93IHIFX Ivy High IncomePairCorr
  0.92IVHIX Ivy High IncomePairCorr
  0.94WAYRX Western Asset HighPairCorr
  0.83VMNVX Vanguard Global MinimumPairCorr
  0.82IAF Aberdeen AustraliaPairCorr
  0.95TFSLX Touchstone FlexiblePairCorr
  0.9PSILX Spectrum InternationalPairCorr
  0.95PCGQX Prudential Income BuilderPairCorr
  0.89IISPX Voya Solution 2055PairCorr
  0.89PLFIX Largecap Sp 500PairCorr
  0.81SIVIX State Street InstituPairCorr
  0.8FTDBX FtdbxPairCorr
  0.94PBHAX Prudential High YieldPairCorr
  0.83VPACX Vanguard Pacific StockPairCorr
  0.72OCMAX Ocm Mutual FundPairCorr
  0.75RYPIX Transportation Fund Steady GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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