Oppenheimer Intl Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Intl Small
OSMNX Fund  USD 39.50  0.08  0.20%   
The current 90-days correlation between Oppenheimer Intl Small and Ultra Short Fixed Income is 0.01 (i.e., Significant diversification). The correlation of Oppenheimer Intl 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 Intl Correlation With Market

Significant diversification

The correlation between Oppenheimer Intl Small and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Intl Small 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 Intl 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 board of governors.

Moving together with Oppenheimer Mutual Fund

  0.93OSCNX Oppenheimer Main StreetPairCorr
  0.98OSCIX Oppenheimer Intl SmallPairCorr
  0.93OSCYX Oppenheimer Main StreetPairCorr
  0.93OSIIX Oppenheimer Global StrtgcPairCorr
  0.94OSINX Oppenheimer Strat IncmPairCorr
  0.94OSIYX Oppenheimer StrategicPairCorr
  0.98OSMYX Oppenheimer Intl SmallPairCorr
  0.67OSPAX Oppenheimer Steelpath MlpPairCorr
  0.66OSPMX Oppenheimer Steelpath MlpPairCorr
  0.71OSPSX Oppenheimer Steelpath MlpPairCorr
  0.93OSSIX Oppenheimer Main StreetPairCorr
  0.94OTCNX Oppenheimer Cap ApprecPairCorr
  0.95OTCYX Oppenheimer CapitalPairCorr
  0.66MLPOX Oppenheimer Steelpath MlpPairCorr
  0.71MLPTX Oppenheimer Steelpath MlpPairCorr
  0.95ODINX Oppenheimer DiscoveryPairCorr
  0.95ODIYX Oppenheimer DiscoveryPairCorr
  0.97ODVNX Oppenheimer DevelopingPairCorr
  0.97ODVYX Oppenheimer DevelopingPairCorr
  0.98QMGIX Oppenheimer GlobalPairCorr
  0.98QMGRX Oppenheimer GlobalPairCorr
  0.98QMGYX Oppenheimer GlobalPairCorr
  0.99QMGAX Oppenheimer GlobalPairCorr
  0.98QMGCX Oppenheimer GlobalPairCorr
  0.9CGRNX Oppenheimer ValuePairCorr
  0.9CGRYX Oppenheimer DisciplinedPairCorr
  0.95OEGYX Oppenhmr Discovery MidPairCorr
  0.95OEGIX Oppenhmr Discovery MidPairCorr
  0.95OEGNX Oppenhmr Discovery MidPairCorr
  0.95OEMIX Ophmr Eml DbtPairCorr
  0.95OEMNX Ophmr Eml DbtPairCorr
  0.95OEMYX Ophmr Eml DbtPairCorr

Moving against Oppenheimer Mutual Fund

  0.67QOPNX Oppenheimer FlexiblePairCorr
  0.65QOPIX Oppenheimer FlexiblePairCorr
  0.63QOPYX Oppenheimer FlexiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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