Oppenheimer Cnsrvtv Correlations

OCCIX Fund

USD 8.49 0.03 0.35%

The current 90-days correlation between Oppenheimer Cnsrvtv and Vanguard Reit Index is 0.15 (i.e., Average diversification). The correlation of Oppenheimer Cnsrvtv 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 Cnsrvtv Correlation With Market

Very weak diversification

The correlation between Oppenheimer Cnsrvtv Invstr and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Cnsrvtv 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 Cnsrvtv 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

0.7	VMICX	Invesco Municipal Income	Pair Corr
0.66	VMINX	Invesco Municipal Income	Pair Corr
0.74	VMIIX	Invesco Municipal Income	Pair Corr
0.9	AMHYX	Invesco High Yield	Pair Corr
0.79	OSICX	Oppenheimer Strategic	Pair Corr
0.86	OSMCX	Oppenheimer International	Pair Corr
1.0	PXCCX	Invesco Select Risk	Pair Corr
0.92	PXCIX	Invesco Select Risk	Pair Corr
0.69	STBAX	Invesco Short Term	Pair Corr
0.74	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	STMUX	Invesco Short Term	Pair Corr
0.69	INBQX	Aim Investment Funds	Pair Corr
0.87	INDFX	Invesco International	Pair Corr
0.85	INGFX	Invesco Oppenheimer	Pair Corr
0.77	FSIUX	Invesco Dividend Income	Pair Corr
0.68	ODMAX	Oppenheimer Developing	Pair Corr
0.74	ODVCX	Oppenheimer Developing Potential Growth	Pair Corr
0.75	ODVIX	Oppenheimer Developing	Pair Corr
0.93	PICFX	Invesco Multi Asset	Pair Corr
0.89	PIFFX	Invesco Multi Asset	Pair Corr

Moving against Oppenheimer Mutual Fund

0.31

ODICX

Oppenheimer Discovery

Pair Corr

Related Correlations Analysis

	VGSIX	REINX	FORFX	IARIX	SAREX
VGSIX		0.82	0.7	0.82	0.99	VGSIX
REINX	0.82		0.71	1.0	0.8	REINX
FORFX	0.7	0.71		0.72	0.68	FORFX
IARIX	0.82	1.0	0.72		0.8	IARIX
SAREX	0.99	0.8	0.68	0.8		SAREX
	VGSIX	REINX	FORFX	IARIX	SAREX

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Cnsrvtv 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 Cnsrvtv'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
VGSIX	0.96	(0.04)	0.00	0.13	0.00	0.00	1.73	(2.10)	4.57
REINX	0.87	0.04	0.03	0.05	1.06	(0.92)	1.61	(1.76)	4.62
FORFX	0.05	0.02	0.00	(2.73)	0.00	0.00	0.11	0.00	0.31
IARIX	0.87	0.04	0.03	0.05	1.08	(0.89)	1.59	(1.76)	4.67
SAREX	0.94	(0.05)	0.00	0.13	0.00	0.00	1.64	(1.86)	4.54

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