Ophmr Eml Correlations

Mutual Funds . USA . 
Fund . Ophmr Eml Dbt
OEMIX Fund  USD 5.19  0.02  0.38%   
The current 90-days correlation between Ophmr Eml Dbt and John Hancock Variable is 0.1 (i.e., Average 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

Modest diversification

The correlation between Ophmr Eml Dbt and DJI is 0.22 (i.e., Modest 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ophmr Eml Dbt. 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 Ophmr Mutual Fund

  0.79OSCIX Oppenheimer Intl SmallPairCorr
  0.95OSIIX Oppenheimer Global StrtgcPairCorr
  0.94OSINX Oppenheimer Strat IncmPairCorr
  0.95OSIYX Oppenheimer StrategicPairCorr
  0.66OSMNX Oppenheimer Intl SmallPairCorr
  0.78OSMYX Oppenheimer Intl SmallPairCorr
  0.68OSPMX Oppenheimer Steelpath MlpPairCorr
  0.68MLPZX Oppenheimer Steelpath MlpPairCorr
  0.75ODVNX Oppenheimer DevelopingPairCorr
  0.76ODVYX Oppenheimer DevelopingPairCorr
  0.97QMGIX Oppenheimer GlobalPairCorr
  0.97QMGRX Oppenheimer GlobalPairCorr
  0.97QMGYX Oppenheimer GlobalPairCorr
  0.97QMGAX Oppenheimer GlobalPairCorr
  0.97QMGCX Oppenheimer GlobalPairCorr
  1.0OEMNX Ophmr Eml DbtPairCorr
  1.0OEMYX Ophmr Eml DbtPairCorr

Moving against Ophmr Mutual Fund

  0.63ODIYX Oppenheimer DiscoveryPairCorr
  0.61ODINX Oppenheimer DiscoveryPairCorr
  0.56OTCNX Oppenheimer Cap ApprecPairCorr
  0.56OTCYX Oppenheimer CapitalPairCorr
  0.41OSCNX Oppenheimer Main StreetPairCorr
  0.41OSSIX Oppenheimer Main StreetPairCorr
  0.37OSCYX Oppenheimer Main StreetPairCorr
  0.62OEGYX Oppenhmr Discovery MidPairCorr
  0.62OEGIX Oppenhmr Discovery MidPairCorr
  0.62OEGNX Oppenhmr Discovery MidPairCorr
  0.5OGIYX Oppenheimer GlobalPairCorr
  0.44OFINX Oppenheimer CorporatePairCorr
  0.39OFIIX Oppenheimer CorporatePairCorr
  0.38OFIYX Oppenheimer CorporatePairCorr

Related Correlations Analysis

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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.

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