Oppenheimer Value Correlations

CGRNX Fund

USD 32.80 0.05 0.15%

The current 90-days correlation between Oppenheimer Value and Virtus Nfj Large Cap is 0.93 (i.e., Almost no diversification). The correlation of Oppenheimer Value 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 Value Correlation With Market

Very poor diversification

The correlation between Oppenheimer Value Fd and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Value Fd and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Oppenheimer Value Fd. 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 state.

Moving together with Oppenheimer Mutual Fund

0.92	OSCNX	Oppenheimer Main Street	Pair Corr
0.88	OSCIX	Oppenheimer Intl Small	Pair Corr
0.92	OSCYX	Oppenheimer Main Street	Pair Corr
0.8	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.75	OSINX	Oppenheimer Strat Incm	Pair Corr
0.88	OSMNX	Oppenheimer Intl Small	Pair Corr
0.88	OSMYX	Oppenheimer Intl Small	Pair Corr
0.73	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.73	OTCYX	Oppenheimer Capital	Pair Corr
0.85	ODINX	Oppenheimer Discovery	Pair Corr
0.87	ODVNX	Oppenheimer Developing	Pair Corr
0.87	ODVYX	Oppenheimer Developing	Pair Corr
0.79	QMGRX	Oppenheimer Global	Pair Corr
0.79	QMGAX	Oppenheimer Global	Pair Corr
0.78	QMGCX	Oppenheimer Global	Pair Corr
0.78	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.78	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.83	OGIIX	Oppenheimer Global	Pair Corr
0.83	OGINX	Oppenheimer Gr Incm	Pair Corr
0.86	OGLIX	Oppenheimer Global	Pair Corr
1.0	OGRIX	Oppenheimer Value	Pair Corr
0.85	OYRDX	Oppenheimer Rising	Pair Corr
0.67	OIBIX	Oppenheimer Intl	Pair Corr
0.67	OIBNX	Oppenheimer International	Pair Corr
0.88	OIDIX	Oppenheimer International	Pair Corr
0.87	OIDNX	Oppenheimer Intl Div	Pair Corr
0.88	OIDYX	Oppenheimer Intl Div	Pair Corr
0.79	OIGIX	Oppenheimer International	Pair Corr

Moving against Oppenheimer Mutual Fund

0.32	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.46	RMUYX	Oppenheimer Rochester	Pair Corr

Related Correlations Analysis

	VAAGX	TALCX	CBLSX	ENGRX	FLRAX	LMISX
VAAGX		0.96	0.98	0.94	0.95	0.91	VAAGX
TALCX	0.96		0.96	0.98	0.99	0.98	TALCX
CBLSX	0.98	0.96		0.92	0.94	0.92	CBLSX
ENGRX	0.94	0.98	0.92		0.99	0.98	ENGRX
FLRAX	0.95	0.99	0.94	0.99		0.99	FLRAX
LMISX	0.91	0.98	0.92	0.98	0.99		LMISX
	VAAGX	TALCX	CBLSX	ENGRX	FLRAX	LMISX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Value 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 Value'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
VAAGX	0.50	0.04	0.04	0.16	0.35	(0.60)	1.16	(0.95)	2.98
TALCX	0.45	0.06	0.07	0.19	0.26	(0.54)	1.34	(0.72)	2.84
CBLSX	0.44	0.05	0.03	0.17	0.31	(0.52)	1.19	(0.81)	2.53
ENGRX	0.21	0.03	(0.16)	0.20	0.00	(0.28)	0.59	(0.37)	1.22
FLRAX	0.48	0.07	0.08	0.19	0.22	(0.58)	1.38	(0.74)	3.27
LMISX	0.47	0.05	0.04	0.17	0.26	(0.59)	1.16	(0.69)	2.60

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