Oppenheimer Aggrssv Correlations

OCAIX Fund

USD 13.42 0.15 1.11%

The current 90-days correlation between Oppenheimer Aggrssv and Scout E Bond is 0.01 (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

Poor diversification

The correlation between Oppenheimer Aggrssv Invstr and DJI is 0.71 (i.e., Poor 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

0.96	OARDX	Oppenheimer Rising	Pair Corr
0.8	PXGGX	Invesco Select Risk	Pair Corr
0.81	OTFCX	Oppenheimer Target	Pair Corr
0.96	PXMQX	Invesco Select Risk	Pair Corr
0.97	PXMSX	Invesco Select Risk	Pair Corr
0.7	DIGGX	Invesco Discovery	Pair Corr
0.85	PXMMX	Invesco Select Risk	Pair Corr
0.95	PXQIX	Invesco Select Risk	Pair Corr

Moving against Oppenheimer Mutual Fund

0.43	STBCX	Invesco Short Term	Pair Corr
0.42	STBYX	Invesco Short Term	Pair Corr

Related Correlations Analysis

	SCCIX	UIITX	FMUUX	ARTFX	DBLFX	OWFIX	BXHCX
SCCIX		0.96	0.88	0.72	1.0	0.95	0.7	SCCIX
UIITX	0.96		0.91	0.78	0.96	0.99	0.76	UIITX
FMUUX	0.88	0.91		0.89	0.9	0.9	0.84	FMUUX
ARTFX	0.72	0.78	0.89		0.75	0.75	0.98	ARTFX
DBLFX	1.0	0.96	0.9	0.75		0.97	0.72	DBLFX
OWFIX	0.95	0.99	0.9	0.75	0.97		0.72	OWFIX
BXHCX	0.7	0.76	0.84	0.98	0.72	0.72		BXHCX
	SCCIX	UIITX	FMUUX	ARTFX	DBLFX	OWFIX	BXHCX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SCCIX	0.26	0.01	0.04	(0.14)	0.25	(0.32)	0.57	(0.46)	1.44
UIITX	0.23	0.02	0.08	0.77	0.17	(0.28)	0.55	(0.43)	1.45
FMUUX	0.03	0.00	0.00	(0.05)	0.00	0.00	0.10	0.00	0.40
ARTFX	0.13	0.01	0.04	(0.18)	0.06	(0.19)	0.44	(0.22)	0.89
DBLFX	0.22	0.01	0.06	(0.23)	0.19	(0.26)	0.54	(0.33)	1.33
OWFIX	0.17	0.02	0.09	2.58	0.06	(0.22)	0.40	(0.30)	1.01
BXHCX	0.13	0.00	0.02	(0.07)	0.11	(0.20)	0.37	(0.37)	1.00

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