Ophmr Eml Correlations
OEMAX Fund | USD 5.15 0.01 0.19% |
The current 90-days correlation between Ophmr Eml Dbt and Invesco Municipal Income is 0.46 (i.e., Very weak diversification). The correlation of Ophmr Eml 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.
Ophmr Eml Correlation With Market
Significant diversification
The correlation between Ophmr Eml Dbt and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ophmr Eml Dbt and DJI in the same portfolio, assuming nothing else is changed.
Ophmr |
Moving together with Ophmr Mutual Fund
0.62 | VMICX | Invesco Municipal Income | PairCorr |
0.65 | VMINX | Invesco Municipal Income | PairCorr |
0.66 | VMIIX | Invesco Municipal Income | PairCorr |
0.88 | AMHYX | Invesco High Yield | PairCorr |
0.79 | OSICX | Oppenheimer Strategic | PairCorr |
0.85 | HYIFX | Invesco High Yield | PairCorr |
0.88 | HYINX | Invesco High Yield | PairCorr |
0.82 | ILAAX | Invesco Income Allocation | PairCorr |
0.82 | PXCCX | Invesco Select Risk | PairCorr |
0.72 | BRCRX | Invesco Balanced Risk | PairCorr |
0.66 | BRCNX | Invesco Balanced Risk | PairCorr |
0.82 | PXCIX | Invesco Select Risk | PairCorr |
0.66 | BRCCX | Invesco Balanced Risk | PairCorr |
0.65 | BRCYX | Invesco Balanced Risk | PairCorr |
0.95 | EMLDX | Invesco Emerging Markets | PairCorr |
0.79 | PXMQX | Invesco Select Risk | PairCorr |
0.77 | PXMSX | Invesco Select Risk | PairCorr |
0.79 | PXMMX | Invesco Select Risk | PairCorr |
0.8 | OCCIX | Oppenheimer Cnsrvtv | PairCorr |
0.62 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
0.63 | STBYX | Invesco Short Term | PairCorr |
0.64 | STBRX | Invesco Short Term | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ophmr Mutual Fund performing well and Ophmr Eml 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 Ophmr Eml'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VMICX | 0.19 | 0.00 | 0.15 | 0.14 | 0.29 | 0.34 | 1.34 | |||
VMINX | 0.18 | 0.00 | 0.16 | 0.03 | 0.24 | 0.42 | 1.34 | |||
VMIIX | 0.19 | 0.00 | 0.16 | (0.06) | 0.27 | 0.42 | 1.34 | |||
OARDX | 0.74 | (0.14) | 0.00 | (0.27) | 0.00 | 1.08 | 11.21 | |||
AMHYX | 0.16 | 0.01 | 0.25 | (0.21) | 0.04 | 0.56 | 1.14 | |||
OSICX | 0.28 | 0.04 | 0.23 | (0.52) | 0.15 | 0.65 | 1.96 | |||
OSMAX | 0.71 | (0.07) | 0.00 | (0.20) | 0.00 | 1.45 | 9.99 | |||
OSMCX | 0.75 | (0.14) | 0.00 | (0.31) | 0.00 | 1.44 | 10.90 | |||
HYIFX | 0.15 | 0.01 | 0.19 | 0.09 | 0.10 | 0.29 | 1.42 | |||
HYINX | 0.13 | 0.01 | 0.20 | 1.75 | 0.06 | 0.56 | 1.14 |