Oppenheimer International Correlations

OSMCX Fund

USD 35.63 0.13 0.37%

The current 90-days correlation between Oppenheimer International and Goldman Sachs Short is 0.05 (i.e., Significant 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 0.69 (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 services.

Moving together with Oppenheimer Mutual Fund

0.63	OARDX	Oppenheimer Rising	Pair Corr
0.69	AMHYX	Invesco High Yield	Pair Corr
0.68	OSICX	Oppenheimer Strategic	Pair Corr
0.83	OSMAX	Oppenheimer International	Pair Corr
0.76	HYIFX	Invesco High Yield	Pair Corr
0.72	HYINX	Invesco High Yield	Pair Corr
0.65	ILAAX	Invesco Income Allocation	Pair Corr
0.61	PXCIX	Invesco Select Risk	Pair Corr
0.74	PXGGX	Invesco Select Risk	Pair Corr
0.8	EMLDX	Invesco Emerging Markets	Pair Corr
0.72	PXMQX	Invesco Select Risk	Pair Corr
0.72	PXMSX	Invesco Select Risk	Pair Corr
0.61	DIGGX	Invesco Discovery	Pair Corr
0.65	PXMMX	Invesco Select Risk	Pair Corr
0.75	PXQIX	Invesco Select Risk	Pair Corr
0.75	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.65	OCCIX	Oppenheimer Cnsrvtv	Pair Corr
0.63	STBCX	Invesco Short Term	Pair Corr

Moving against Oppenheimer Mutual Fund

0.32	VMICX	Invesco Municipal Income	Pair Corr
0.33	OCACX	Oppenheimer Roc Ca	Pair Corr

Related Correlations Analysis

	GSDUX	FOSIX	FSHAX	LCCMX	BDMKX	WHGHX
GSDUX		0.92	0.99	0.96	0.95	0.94	GSDUX
FOSIX	0.92		0.94	0.91	0.84	0.9	FOSIX
FSHAX	0.99	0.94		0.97	0.93	0.94	FSHAX
LCCMX	0.96	0.91	0.97		0.94	0.93	LCCMX
BDMKX	0.95	0.84	0.93	0.94		0.95	BDMKX
WHGHX	0.94	0.9	0.94	0.93	0.95		WHGHX
	GSDUX	FOSIX	FSHAX	LCCMX	BDMKX	WHGHX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GSDUX	0.04	0.01	0.00	(1.25)	0.00	0.10	0.00	0.29
FOSIX	0.10	0.02	(0.73)	8.00	(0.16)	0.33	(0.11)	0.55
FSHAX	0.04	0.01	0.00	(0.81)	0.00	0.10	0.00	0.41
LCCMX	0.10	0.05	(0.39)	(1.56)	(0.22)	0.25	(0.12)	0.87
BDMKX	0.06	0.02	(0.65)	(1.08)	(0.13)	0.21	(0.11)	0.43
WHGHX	0.19	0.04	(0.15)	0.27	(0.24)	0.51	(0.40)	1.10

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