Ophmr Eml Correlations

Mutual Funds . USA . 
Fund . Ophmr Eml Dbt
OEMNX Fund  USD 5.19  0.02  0.38%   
The current 90-days correlation between Ophmr Eml Dbt and Transamerica Short Term Bond is 0.08 (i.e., Significant 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 board of governors.

Moving together with Ophmr Mutual Fund

  0.88OSCIX Oppenheimer Intl SmallPairCorr
  0.95OSIIX Oppenheimer Global StrtgcPairCorr
  0.96OSINX Oppenheimer Strat IncmPairCorr
  0.95OSIYX Oppenheimer StrategicPairCorr
  0.88OSMNX Oppenheimer Intl SmallPairCorr
  0.88OSMYX Oppenheimer Intl SmallPairCorr
  0.67OSPMX Oppenheimer Steelpath MlpPairCorr
  0.67MLPZX Oppenheimer Steelpath MlpPairCorr
  0.78ODVNX Oppenheimer DevelopingPairCorr
  0.79ODVYX Oppenheimer DevelopingPairCorr
  0.96QMGIX Oppenheimer GlobalPairCorr
  0.96QMGRX Oppenheimer GlobalPairCorr
  0.92QMGYX Oppenheimer GlobalPairCorr
  0.96QMGAX Oppenheimer GlobalPairCorr
  0.96QMGCX Oppenheimer GlobalPairCorr
  1.0OEMIX Ophmr Eml DbtPairCorr
  1.0OEMYX Ophmr Eml DbtPairCorr

Moving against Ophmr Mutual Fund

  0.68ODINX Oppenheimer DiscoveryPairCorr
  0.68ODIYX Oppenheimer DiscoveryPairCorr
  0.58OTCNX Oppenheimer Cap ApprecPairCorr
  0.58OTCYX Oppenheimer CapitalPairCorr
  0.48OSCNX Oppenheimer Main StreetPairCorr
  0.47OSCYX Oppenheimer Main StreetPairCorr
  0.47OSSIX Oppenheimer Main StreetPairCorr
  0.67OEGYX Oppenhmr Discovery MidPairCorr
  0.65OEGNX Oppenhmr Discovery MidPairCorr
  0.64OEGIX Oppenhmr Discovery MidPairCorr
  0.51OGIYX Oppenheimer GlobalPairCorr

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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