Oppenheimer Moderate Correlations

OAMIX Fund

USD 11.11 0.03 0.27%

The current 90-days correlation between Oppenheimer Moderate and John Hancock Funds is 0.95 (i.e., Almost no 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 poor diversification

The correlation between Oppenheimer Moderate Investor and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Moderate Investor 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 Investor. 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

0.91	OCMIX	Oppenheimer Moderate	Pair Corr
0.71	FTCHX	Invesco Technology	Pair Corr
0.67	OEGAX	Oppenheimer Discovery Mid	Pair Corr
0.88	CHRRX	Invesco Charter	Pair Corr
0.84	CHRSX	Invesco Charter	Pair Corr
0.83	CHTCX	Invesco Charter	Pair Corr
0.81	ABRYX	Invesco Balanced Risk	Pair Corr
0.7	ITYYX	Invesco Technology	Pair Corr
0.88	DDFIX	Invesco Diversified	Pair Corr
0.85	GTHCX	Invesco Global Health	Pair Corr
0.9	FBONX	American Funds American	Pair Corr
0.9	FBAFX	American Funds American	Pair Corr
0.99	ABALX	American Balanced	Pair Corr
0.99	BALCX	American Balanced	Pair Corr
0.99	BALFX	American Balanced	Pair Corr
0.99	RLBCX	American Balanced	Pair Corr
0.99	RLBBX	American Balanced	Pair Corr
0.99	CLBAX	American Balanced	Pair Corr

Moving against Oppenheimer Mutual Fund

0.59	GAAGX	Gmo Alternative Allo	Pair Corr
0.54	GAAKX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	JABKX	FNOKX	TBLSX	PGFCX	TPILX	JLMOX	BRIAX	BIMPX
JABKX		0.96	0.9	0.83	0.99	1.0	0.83	0.84	JABKX
FNOKX	0.96		0.87	0.77	0.98	0.95	0.82	0.85	FNOKX
TBLSX	0.9	0.87		0.85	0.9	0.89	0.92	0.97	TBLSX
PGFCX	0.83	0.77	0.85		0.83	0.83	0.85	0.77	PGFCX
TPILX	0.99	0.98	0.9	0.83		0.99	0.86	0.87	TPILX
JLMOX	1.0	0.95	0.89	0.83	0.99		0.82	0.83	JLMOX
BRIAX	0.83	0.82	0.92	0.85	0.86	0.82		0.94	BRIAX
BIMPX	0.84	0.85	0.97	0.77	0.87	0.83	0.94		BIMPX
	JABKX	FNOKX	TBLSX	PGFCX	TPILX	JLMOX	BRIAX	BIMPX

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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
JABKX	0.29	0.02	0.09	0.02	0.30	(0.36)	0.64	(0.54)	1.75
FNOKX	0.53	0.03	0.05	0.02	0.66	(0.55)	1.07	(1.12)	3.14
TBLSX	0.34	0.01	0.08	(0.13)	0.42	(0.35)	0.70	(0.60)	2.14
PGFCX	0.28	0.01	0.11	(0.15)	0.27	(0.34)	0.67	(0.48)	1.75
TPILX	0.30	0.01	0.07	0.01	0.35	(0.33)	0.61	(0.61)	1.77
JLMOX	0.31	0.02	0.09	0.02	0.32	(0.37)	0.64	(0.54)	1.75
BRIAX	0.25	0.00	0.08	(0.01)	0.33	(0.25)	0.48	(0.58)	1.53
BIMPX	0.36	0.00	0.06	(0.06)	0.43	(0.41)	0.77	(0.86)	2.19

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