Oppenheimer Roc Correlations

OPAYX Fund

USD 9.93 -0.09 -0.90%

Current 90-days correlation between Oppenheimer Roc Penn and T Rowe Price is 0.02 (i.e., Very good diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

Market Correlation Summary - Oppenheimer Roc

Moderate diversification

The correlation between Oppenheimer Roc and Dow Jones is 0.21, which Macroaxis classifies as Moderate diversification for the selected horizon. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

Your Equity Center provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. Tracking Oppenheimer Roc Penn in a portfolio provides context for performance attribution. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence Oppenheimer Roc Penn's mutual fund valuation — related indicators include signals in small area income & poverty estimates.

Moving together with Oppenheimer Mutual Fund

0.71	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.71	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.62	ODIYX	Oppenheimer Discovery	Pair Corr
0.73	ODVYX	Oppenheimer Developing	Pair Corr
0.74	QMGIX	Oppenheimer Global	Pair Corr
0.74	QMGYX	Oppenheimer Global	Pair Corr
0.74	QMGAX	Oppenheimer Global	Pair Corr
0.83	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.83	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.64	OEMYX	Ophmr Eml Dbt	Pair Corr
0.88	QOPYX	Oppenheimer Flexible	Pair Corr
0.63	OGIYX	Oppenheimer Global	Pair Corr
0.63	OGIIX	Oppenheimer Global	Pair Corr
0.62	OGINX	Oppenheimer Gr Incm	Pair Corr
0.69	OGMIX	Oppenheimer Gold Special	Pair Corr
0.69	OGMNX	Oppenheimer Gold Spec	Pair Corr
0.69	OGMYX	Oppenheimer Gold Special	Pair Corr

Moving against Oppenheimer Mutual Fund

0.42	OGLIX	Oppenheimer Global	Pair Corr
0.42	OGLNX	Oppenheimer Global	Pair Corr
0.42	OGLYX	Oppenheimer Global	Pair Corr
0.33	GLVIX	Glg Intl Small	Pair Corr
0.31	GLVNX	Oppenheimer Gbl Value	Pair Corr

Related Correlations Analysis

	RTOUX	THYFX	LIXRX	MDSKX	FADIX	WDIAX	PASVX
RTOUX		0.9	0.93	0.95	0.88	0.67	0.99	RTOUX
THYFX	0.9		0.96	0.78	0.92	0.82	0.91	THYFX
LIXRX	0.93	0.96		0.85	0.91	0.68	0.91	LIXRX
MDSKX	0.95	0.78	0.85		0.78	0.44	0.92	MDSKX
FADIX	0.88	0.92	0.91	0.78		0.79	0.9	FADIX
WDIAX	0.67	0.82	0.68	0.44	0.79		0.73	WDIAX
PASVX	0.99	0.91	0.91	0.92	0.9	0.73		PASVX
	RTOUX	THYFX	LIXRX	MDSKX	FADIX	WDIAX	PASVX

Risk-Adjusted Indicators

Strong recent returns in Oppenheimer Mutual Fund do not always mean Oppenheimer Roc Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare Oppenheimer Roc's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RTOUX	0.81	0.07	0.05	-0.01	1.17	-0.74	1.55	-1.83	5.35
THYFX	0.20	0.01	0.18	-0.03	0.28	-0.22	0.48	-0.54	1.36
LIXRX	0.28	0.01	0.00	-0.05	0.00	0.00	0.46	-0.80	1.97
MDSKX	0.95	0.07	0.00	-0.01	0.00	0.00	1.55	-1.98	5.90
FADIX	0.86	-0.06	0.00	0.16	0.00	0.00	1.55	-1.95	6.00
WDIAX	0.46	-0.01	0.09	0.01	0.66	-0.47	0.81	-1.20	3.30
PASVX	0.82	0.09	0.07	0.01	1.10	-0.82	1.33	-1.74	5.60

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Oppenheimer Roc Correlations

Market Correlation Summary - Oppenheimer Roc

Moving together with Oppenheimer Mutual Fund

Moving against Oppenheimer Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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