Ophmr Eml Correlations

OEMYX Fund

USD 5.20 0.01 0.19%

The current 90-days correlation between Ophmr Eml Dbt and Schwab Government Money is 0.19 (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 0.24 (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 manufacturing.

Moving together with Ophmr Mutual Fund

0.65	OSCIX	Oppenheimer Intl Small	Pair Corr
0.83	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.82	OSINX	Oppenheimer Strat Incm	Pair Corr
0.83	OSIYX	Oppenheimer Strategic	Pair Corr
0.62	OSMNX	Oppenheimer Intl Small	Pair Corr
0.67	OSMYX	Oppenheimer Intl Small	Pair Corr
0.62	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.62	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPZX	Oppenheimer Steelpath Mlp Potential Growth	Pair Corr
0.77	ODVNX	Oppenheimer Developing	Pair Corr
0.78	ODVYX	Oppenheimer Developing	Pair Corr
0.71	QMGIX	Oppenheimer Global	Pair Corr
0.91	QMGRX	Oppenheimer Global	Pair Corr
0.91	QMGYX	Oppenheimer Global	Pair Corr
0.91	QMGAX	Oppenheimer Global	Pair Corr
0.91	QMGCX	Oppenheimer Global	Pair Corr
1.0	OEMIX	Ophmr Eml Dbt	Pair Corr
0.95	OEMNX	Ophmr Eml Dbt	Pair Corr

Related Correlations Analysis

	SWGXX	HTYXX	JPAXX	PCEXX	DSHXX	TAMXX	EMDQX
SWGXX		0.0	0.0	0.0	0.0	0.0	0.16	SWGXX
HTYXX	0.0		0.0	0.0	0.0	0.0	0.0	HTYXX
JPAXX	0.0	0.0		0.0	0.0	0.0	0.0	JPAXX
PCEXX	0.0	0.0	0.0		0.0	0.0	0.0	PCEXX
DSHXX	0.0	0.0	0.0	0.0		0.0	0.0	DSHXX
TAMXX	0.0	0.0	0.0	0.0	0.0		0.0	TAMXX
EMDQX	0.16	0.0	0.0	0.0	0.0	0.0		EMDQX
	SWGXX	HTYXX	JPAXX	PCEXX	DSHXX	TAMXX	EMDQX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EMDQX	+ 0.16	SWGXX
HTYXX	+ 0.0	SWGXX
JPAXX	+ 0.0	SWGXX
PCEXX	+ 0.0	SWGXX
DSHXX	+ 0.0	SWGXX
TAMXX	+ 0.0	SWGXX

High negative correlations

EMDQX	- 0.0	TAMXX
EMDQX	- 0.0	DSHXX
TAMXX	- 0.0	DSHXX
EMDQX	- 0.0	PCEXX
TAMXX	- 0.0	PCEXX
DSHXX	- 0.0	PCEXX

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
SWGXX	0.03	0.01	0.00	(2.53)	0.00	0.00	0.00	0.00	1.01
HTYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSHXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TAMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMDQX	0.30	0.02	0.07	0.26	0.24	(0.46)	0.67	(0.45)	1.79

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