Opnhmr Rchstr Correlations
| LTNYX Fund | USD 2.82 0.01 0.36% |
The current 90-days correlation between Opnhmr Rchstr and Opnhmr Rchstr Ltd is 0.91 (i.e., Almost no 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
Very good diversification
The correlation between Opnhmr Rchstr Ltd and DJI is -0.31 (i.e., Very good 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.
Opnhmr |
Moving together with Opnhmr Mutual Fund
| 0.86 | VMICX | Invesco Municipal Income | PairCorr |
| 0.89 | VMINX | Invesco Municipal Income | PairCorr |
| 0.9 | VMIIX | Invesco Municipal Income | PairCorr |
| 0.81 | OCACX | Oppenheimer Roc Ca | PairCorr |
Related Correlations Analysis
| 0.94 | 0.81 | 0.68 | 0.65 | LTBYX | ||
| 0.94 | 0.86 | 0.72 | 0.69 | IORMX | ||
| 0.81 | 0.86 | 0.85 | 0.79 | LTNCX | ||
| 0.68 | 0.72 | 0.85 | 0.98 | ANMCX | ||
| 0.65 | 0.69 | 0.79 | 0.98 | SNCAX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LTBYX | 0.09 | 0.01 | 0.00 | (0.14) | 0.00 | 0.36 | 1.07 | |||
| IORMX | 0.10 | 0.02 | (0.23) | (0.08) | 0.06 | 0.36 | 1.07 | |||
| LTNCX | 0.11 | 0.01 | (0.25) | (0.01) | 0.11 | 0.36 | 1.08 | |||
| ANMCX | 0.09 | 0.00 | (0.52) | 0.09 | 0.12 | 0.22 | 0.82 | |||
| SNCAX | 0.11 | 0.00 | (0.54) | 0.09 | 0.15 | 0.22 | 1.01 |