Oppenheimer Aggrssv Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Aggrssv Invstr
OAAIX Fund  USD 14.27  0.11  0.76%   
The current 90-days correlation between Oppenheimer Aggrssv and Invesco Municipal Income is 0.09 (i.e., Significant diversification). The correlation of Oppenheimer Aggrssv 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 Aggrssv Correlation With Market

Significant diversification

The correlation between Oppenheimer Aggrssv Invstr and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Aggrssv 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 Aggrssv 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

  0.66VMICX Invesco Municipal IncomePairCorr
  0.67VMINX Invesco Municipal IncomePairCorr
  0.66VMIIX Invesco Municipal IncomePairCorr
  0.74OARDX Oppenheimer RisingPairCorr
  0.83AMHYX Invesco High YieldPairCorr
  0.87HYIFX Invesco High YieldPairCorr
  0.88HYINX Invesco High YieldPairCorr
  0.94ILAAX Invesco Income AllocationPairCorr
  0.84PXCCX Invesco Select RiskPairCorr
  0.63BRCNX Invesco Balanced RiskPairCorr
  0.84PXCIX Invesco Select RiskPairCorr
  0.62BRCCX Invesco Balanced RiskPairCorr
  0.63BRCYX Invesco Balanced RiskPairCorr
  1.0PXGGX Invesco Select RiskPairCorr
  0.73OTFCX Oppenheimer TargetPairCorr
  1.0PXMQX Invesco Select RiskPairCorr
  1.0PXMSX Invesco Select RiskPairCorr
  0.87DIGGX Invesco DiscoveryPairCorr
  1.0PXMMX Invesco Select RiskPairCorr
  1.0PXQIX Invesco Select RiskPairCorr
  0.67OCACX Oppenheimer Roc CaPairCorr
  1.0OCAIX Oppenheimer AggrssvPairCorr
  0.84OCCIX Oppenheimer CnsrvtvPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Aggrssv 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 Aggrssv'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMICX  0.20 (0.04) 0.00 (2.19) 0.00 
 0.00 
 0.34 
(0.50)
 1.68 
VMINX  0.18 (0.04) 0.00 (2.15) 0.00 
 0.00 
 0.34 
(0.49)
 1.59 
VMIIX  0.20 (0.04) 0.00 (3.20) 0.00 
 0.00 
 0.33 
(0.49)
 1.59 
OARDX  0.65 (0.14) 0.00 (0.59) 0.00 
 0.00 
 0.89 
(0.93)
 12.98 
AMHYX  0.11 (0.02) 0.00 (3.10) 0.00 
 0.00 
 0.28 
(0.28)
 0.56 
OSICX  0.21 (0.05) 0.00 (1.00) 0.00 
 0.00 
 0.33 
(0.64)
 1.94 
OSMAX  0.70 (0.31) 0.00 (1.45) 0.00 
 0.00 
 0.91 
(1.25)
 11.88 
OSMCX  0.71 (0.32) 0.00 (1.50) 0.00 
 0.00 
 0.90 
(1.22)
 12.41 
HYIFX  0.13 (0.02) 0.00 (0.43) 0.00 
 0.00 
 0.28 
(0.28)
 0.84 
HYINX  0.12 (0.02) 0.00 (0.59) 0.00 
 0.00 
 0.28 
(0.28)
 0.84 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY