Oppenheimer Intl Correlations

OSMYX Fund

USD 42.50 0.01 0.02%

The current 90-days correlation between Oppenheimer Intl Small and Ab Municipal Bond is -0.05 (i.e., Good 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

Poor diversification

The correlation between Oppenheimer Intl Small and DJI is 0.67 (i.e., Poor 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 commodities.

Moving together with Oppenheimer Mutual Fund

0.75	OSCNX	Oppenheimer Main Street	Pair Corr
1.0	OSCIX	Oppenheimer Intl Small	Pair Corr
0.76	OSCYX	Oppenheimer Main Street	Pair Corr
0.88	OSINX	Oppenheimer Strat Incm	Pair Corr
0.92	OSMNX	Oppenheimer Intl Small	Pair Corr
0.85	OSSIX	Oppenheimer Main Street	Pair Corr
0.84	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.84	OTCYX	Oppenheimer Capital	Pair Corr
0.85	ODINX	Oppenheimer Discovery	Pair Corr
0.93	ODVNX	Oppenheimer Developing	Pair Corr
0.93	ODVYX	Oppenheimer Developing	Pair Corr
0.86	QMGIX	Oppenheimer Global	Pair Corr
0.86	QMGRX	Oppenheimer Global	Pair Corr
0.86	QMGCX	Oppenheimer Global	Pair Corr
0.92	CGRYX	Oppenheimer Disciplined	Pair Corr
0.85	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.83	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.86	OGIIX	Oppenheimer Global	Pair Corr
0.9	OGINX	Oppenheimer Gr Incm	Pair Corr
0.95	OGLIX	Oppenheimer Global	Pair Corr
0.95	OGLNX	Oppenheimer Global	Pair Corr
0.9	OGLYX	Oppenheimer Global	Pair Corr
0.88	OYAIX	Oppenheimer Aggrssv	Pair Corr
0.88	OYMIX	Oppenheimer Moderate	Pair Corr
0.85	OYRDX	Oppenheimer Rising	Pair Corr

Moving against Oppenheimer Mutual Fund

0.43	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.53	QOPNX	Oppenheimer Flexible	Pair Corr
0.47	QOPIX	Oppenheimer Flexible	Pair Corr

Related Correlations Analysis

	AUNCX	LOISX	SNCAX	SSAGX	SMAAX	TWTIX	ATOAX	OWMBX
AUNCX		0.81	0.88	0.79	0.86	0.79	0.8	0.87	AUNCX
LOISX	0.81		0.88	0.86	0.93	0.96	0.85	0.92	LOISX
SNCAX	0.88	0.88		0.94	0.96	0.9	0.92	0.98	SNCAX
SSAGX	0.79	0.86	0.94		0.97	0.87	0.97	0.96	SSAGX
SMAAX	0.86	0.93	0.96	0.97		0.92	0.96	0.99	SMAAX
TWTIX	0.79	0.96	0.9	0.87	0.92		0.84	0.93	TWTIX
ATOAX	0.8	0.85	0.92	0.97	0.96	0.84		0.94	ATOAX
OWMBX	0.87	0.92	0.98	0.96	0.99	0.93	0.94		OWMBX
	AUNCX	LOISX	SNCAX	SSAGX	SMAAX	TWTIX	ATOAX	OWMBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUNCX	0.09	0.00	(0.66)	0.39	(0.12)	0.19	(0.19)	0.38
LOISX	0.09	0.01	(0.55)	5.50	(0.15)	0.20	(0.20)	0.60
SNCAX	0.07	0.01	(0.73)	0.93	(0.11)	0.15	(0.15)	0.44
SSAGX	0.06	0.01	(0.71)	5.71	(0.18)	0.10	(0.10)	0.51
SMAAX	0.08	0.02	(0.66)	0.93	(0.14)	0.20	(0.10)	0.40
TWTIX	0.10	0.01	(0.54)	0.32	(0.16)	0.19	(0.19)	0.57
ATOAX	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.30
OWMBX	0.07	0.02	(0.56)	18.06	(0.11)	0.18	(0.09)	0.44

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