Oppenheimer Aggrssv Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Aggrssv Invstr
OAAIX Fund  USD 15.86  0.01  0.06%   
The current 90-days correlation between Oppenheimer Aggrssv and Putnam Convertible Securities is 0.52 (i.e., Very weak diversification). The correlation of Oppenheimer Aggrssv 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 Aggrssv Correlation With Market

Poor diversification

The correlation between Oppenheimer Aggrssv Invstr 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 Aggrssv 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 Aggrssv 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

  0.86PXCCX Invesco Select RiskPairCorr
  0.65BRCRX Invesco Balanced RiskPairCorr
  0.65BRCNX Invesco Balanced RiskPairCorr
  0.86PXCIX Invesco Select RiskPairCorr
  0.64BRCCX Invesco Balanced RiskPairCorr
  0.65BRCAX Invesco Balanced RiskPairCorr
  0.84PXGGX Invesco Select RiskPairCorr
  0.99PXMQX Invesco Select RiskPairCorr
  0.99PXMSX Invesco Select RiskPairCorr
  0.77DIGGX Invesco DiscoveryPairCorr
  0.99PXMMX Invesco Select RiskPairCorr
  1.0PXQIX Invesco Select RiskPairCorr
  0.84OCAIX Oppenheimer AggrssvPairCorr
  0.75OCCIX Oppenheimer CnsrvtvPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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