Oppenheimer International Correlations

OSMCX Fund

USD 35.72 0.13 0.37%

The current 90-days correlation between Oppenheimer International and Us Government Securities is 0.17 (i.e., Average diversification). The correlation of Oppenheimer International 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 International Correlation With Market

Poor diversification

The correlation between Oppenheimer International Smal and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer International Smal 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 International Small. 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 private.

Moving together with Oppenheimer Mutual Fund

0.69	OGICX	Oppenheimer Global Growth	Pair Corr
0.87	OPMCX	Oppenheimer Main Street	Pair Corr

Moving against Oppenheimer Mutual Fund

0.51	STBAX	Invesco Short Term	Pair Corr
0.43	OIBAX	Oppenheimer International	Pair Corr
0.42	OIBCX	Oppenheimer International	Pair Corr
0.57	GTHCX	Invesco Global Health	Pair Corr
0.57	GTHIX	Invesco Global Health	Pair Corr
0.34	RSNRX	Victory Global Natural	Pair Corr
0.31	ONYCX	Oppenheimer Rochester	Pair Corr

Related Correlations Analysis

	CAUSX	TWAVX	DPIGX	SSAGX	PFGAX	DNCGX	SGVDX
CAUSX		0.78	0.83	0.67	0.99	0.99	0.98	CAUSX
TWAVX	0.78		0.98	0.96	0.74	0.77	0.86	TWAVX
DPIGX	0.83	0.98		0.94	0.78	0.82	0.9	DPIGX
SSAGX	0.67	0.96	0.94		0.63	0.68	0.76	SSAGX
PFGAX	0.99	0.74	0.78	0.63		0.98	0.97	PFGAX
DNCGX	0.99	0.77	0.82	0.68	0.98		0.97	DNCGX
SGVDX	0.98	0.86	0.9	0.76	0.97	0.97		SGVDX
	CAUSX	TWAVX	DPIGX	SSAGX	PFGAX	DNCGX	SGVDX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer International 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 International'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
CAUSX	0.20	0.03	(0.15)	(1.57)	0.09	(0.26)	0.53	(0.32)	1.07
TWAVX	0.06	0.01	(0.42)	(0.82)	0.00	(0.14)	0.11	(0.11)	0.55
DPIGX	0.09	0.01	(0.44)	(0.76)	0.00	(0.14)	0.21	(0.10)	0.53
SSAGX	0.05	0.01	0.00	(1.26)	0.00	0.00	0.10	(0.10)	0.51
PFGAX	0.41	0.07	0.01	(49.98)	0.34	(0.46)	0.96	(0.77)	2.42
DNCGX	0.16	0.02	(0.21)	2.44	0.00	(0.19)	0.32	(0.31)	0.87
SGVDX	0.17	0.02	(0.16)	7.82	0.09	(0.20)	0.31	(0.30)	0.91

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