Opnhmr Rchstr Correlations

LTBYX Fund

USD 2.78 0.01 0.36%

The current 90-days correlation between Opnhmr Rchstr and The Equity Growth is 0.22 (i.e., Modest diversification). The correlation of Opnhmr Rchstr 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.

Opnhmr Rchstr Correlation With Market

Modest diversification

The correlation between Opnhmr Rchstr Ltd and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Opnhmr Rchstr Ltd and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Opnhmr Rchstr Ltd. 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 manufacturing.

Moving together with Opnhmr Mutual Fund

0.71	OSCIX	Oppenheimer Intl Small	Pair Corr
0.84	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.84	OSINX	Oppenheimer Strat Incm	Pair Corr
0.84	OSIYX	Oppenheimer Strategic	Pair Corr
0.7	OSMNX	Oppenheimer Intl Small	Pair Corr
0.71	OSMYX	Oppenheimer Intl Small	Pair Corr
0.82	OCAYX	Oppenheimer Roc Ca	Pair Corr
0.74	QMGIX	Oppenheimer Global	Pair Corr
0.74	QMGRX	Oppenheimer Global	Pair Corr
0.74	QMGYX	Oppenheimer Global	Pair Corr
0.74	QMGAX	Oppenheimer Global	Pair Corr
0.74	QMGCX	Oppenheimer Global	Pair Corr
0.78	OEMIX	Ophmr Eml Dbt	Pair Corr
0.78	OEMYX	Ophmr Eml Dbt	Pair Corr
0.73	QOPIX	Oppenheimer Flexible	Pair Corr
0.72	QOPNX	Oppenheimer Flexible	Pair Corr

Moving against Opnhmr Mutual Fund

0.35	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.35	OTCYX	Oppenheimer Capital	Pair Corr
0.48	ODIYX	Oppenheimer Discovery	Pair Corr
0.47	ODINX	Oppenheimer Discovery	Pair Corr
0.45	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.44	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.44	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.38	OGIYX	Oppenheimer Global	Pair Corr
0.38	OGINX	Oppenheimer Gr Incm	Pair Corr

Related Correlations Analysis

	BGGKX	GGRYX	EIPIX	SRGAX	EIPFX	FGTZX	TAAEX
BGGKX		0.68	0.26	0.86	0.27	0.87	0.99	BGGKX
GGRYX	0.68		0.69	0.94	0.69	0.92	0.66	GGRYX
EIPIX	0.26	0.69		0.55	1.0	0.54	0.27	EIPIX
SRGAX	0.86	0.94	0.55		0.55	0.99	0.85	SRGAX
EIPFX	0.27	0.69	1.0	0.55		0.54	0.27	EIPFX
FGTZX	0.87	0.92	0.54	0.99	0.54		0.86	FGTZX
TAAEX	0.99	0.66	0.27	0.85	0.27	0.86		TAAEX
	BGGKX	GGRYX	EIPIX	SRGAX	EIPFX	FGTZX	TAAEX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Opnhmr Mutual Fund performing well and Opnhmr Rchstr 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 Opnhmr Rchstr'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BGGKX	1.54	(0.08)	(0.13)	2.77	(4.38)	8.15
GGRYX	0.53	0.02	(0.04)	1.01	(1.15)	3.13
EIPIX	0.84	0.01	(0.04)	1.68	(1.72)	7.26
SRGAX	0.64	0.00	(0.07)	1.25	(1.51)	3.64
EIPFX	0.83	0.01	(0.04)	1.69	(1.72)	7.28
FGTZX	0.61	(0.01)	(0.08)	1.01	(1.25)	3.38
TAAEX	1.68	(0.10)	(0.14)	3.09	(3.20)	9.89

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