Oppenheimer Moderate Correlations

OYMIX Fund

USD 11.25 0.06 0.54%

The current 90-days correlation between Oppenheimer Moderate and Oppenheimer Main Street is 0.35 (i.e., Weak diversification). The correlation of Oppenheimer Moderate 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 Moderate Correlation With Market

Very weak diversification

The correlation between Oppenheimer Moderate Invstr and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Moderate 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 Moderate 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

0.8	OSCNX	Oppenheimer Main Street	Pair Corr
0.78	OSCYX	Oppenheimer Main Street	Pair Corr
0.62	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	OSSIX	Oppenheimer Main Street	Pair Corr
0.68	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.65	OTCYX	Oppenheimer Capital	Pair Corr
0.62	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	ODINX	Oppenheimer Discovery	Pair Corr
0.81	ODIYX	Oppenheimer Discovery	Pair Corr
0.72	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.72	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.73	OEGNX	Oppenhmr Discovery Mid	Pair Corr

Related Correlations Analysis

	OSCNX	OSCIX	OSCYX	OSIIX	OSINX	OSIYX	OSMNX	OSMYX	OSPAX	OSPMX
OSCNX		-0.11	0.93	-0.28	-0.29	-0.24	-0.11	-0.11	0.79	0.77	OSCNX
OSCIX	-0.11		-0.02	0.65	0.7	0.56	1.0	1.0	-0.59	-0.45	OSCIX
OSCYX	0.93	-0.02		-0.32	-0.3	-0.29	-0.03	-0.03	0.75	0.72	OSCYX
OSIIX	-0.28	0.65	-0.32		0.96	0.98	0.65	0.65	-0.51	-0.28	OSIIX
OSINX	-0.29	0.7	-0.3	0.96		0.94	0.7	0.7	-0.53	-0.3	OSINX
OSIYX	-0.24	0.56	-0.29	0.98	0.94		0.56	0.56	-0.41	-0.17	OSIYX
OSMNX	-0.11	1.0	-0.03	0.65	0.7	0.56		1.0	-0.59	-0.45	OSMNX
OSMYX	-0.11	1.0	-0.03	0.65	0.7	0.56	1.0		-0.59	-0.45	OSMYX
OSPAX	0.79	-0.59	0.75	-0.51	-0.53	-0.41	-0.59	-0.59		0.95	OSPAX
OSPMX	0.77	-0.45	0.72	-0.28	-0.3	-0.17	-0.45	-0.45	0.95		OSPMX
	OSCNX	OSCIX	OSCYX	OSIIX	OSINX	OSIYX	OSMNX	OSMYX	OSPAX	OSPMX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OSMNX	+ 1.0	OSCIX
OSMYX	+ 1.0	OSCIX
OSMYX	+ 1.0	OSMNX
OSIYX	+ 0.98	OSIIX
OSINX	+ 0.96	OSIIX
OSPMX	+ 0.95	OSPAX

High negative correlations

OSPAX	- 0.59	OSMYX
OSPAX	- 0.59	OSMNX
OSPAX	- 0.59	OSCIX
OSPAX	- 0.53	OSINX
OSPAX	- 0.51	OSIIX
OSPMX	- 0.45	OSMYX

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Moderate 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 Moderate'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OSCNX	0.94	(0.07)	0.00	(0.27)	0.00	0.00	1.71	(1.54)	11.83
OSCIX	0.75	(0.34)	0.00	(0.58)	0.00	0.00	0.98	(1.22)	13.07
OSCYX	0.91	(0.12)	0.00	(0.06)	0.00	0.00	1.69	(1.52)	11.69
OSIIX	0.23	(0.06)	0.00	(0.72)	0.00	0.00	0.33	(0.64)	1.95
OSINX	0.23	(0.06)	0.00	(0.40)	0.00	0.00	0.33	(0.64)	1.94
OSIYX	0.26	(0.05)	0.00	(0.71)	0.00	0.00	0.33	(0.64)	1.94
OSMNX	0.75	(0.35)	0.00	(0.59)	0.00	0.00	0.95	(1.23)	13.08
OSMYX	0.74	(0.34)	0.00	(0.58)	0.00	0.00	0.96	(1.23)	12.96
OSPAX	0.72	0.08	0.05	0.33	0.98	(0.75)	1.45	(1.63)	5.87
OSPMX	0.59	0.02	0.00	0.10	0.72	(0.66)	1.52	(1.32)	4.39

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