Oppenheimer Corporate Correlations

Mutual Funds USA . 
Fund . Oppenheimer Corporate Bd
OFINX Fund  USD 9.12  0.01  0.11%   
The current 90-days correlation between Oppenheimer Corporate and Tiaa Cref Lifecycle Retirement is 0.17 (i.e., Average diversification). The correlation of Oppenheimer Corporate 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 Corporate Correlation With Market

Modest diversification

The correlation between Oppenheimer Corporate Bd and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Corporate Bd 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 Corporate Bd. 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 Oppenheimer Mutual Fund

  0.77OSCNX Oppenheimer Main StreetPairCorr
  0.84OSCIX Oppenheimer Intl SmallPairCorr
  0.77OSCYX Oppenheimer Main StreetPairCorr
  0.83OSMNX Oppenheimer Intl SmallPairCorr
  0.84OSMYX Oppenheimer Intl SmallPairCorr
  0.78OSSIX Oppenheimer Main StreetPairCorr
  0.67OTCNX Oppenheimer Cap ApprecPairCorr
  0.72ODINX Oppenheimer Discovery Potential GrowthPairCorr
  0.73ODIYX Oppenheimer Discovery Potential GrowthPairCorr
  0.72CGRNX Oppenheimer ValuePairCorr
  0.72CGRYX Oppenheimer DisciplinedPairCorr
  0.77OEGYX Oppenhmr Discovery Mid Potential GrowthPairCorr
  0.77OEGIX Oppenhmr Discovery Mid Potential GrowthPairCorr
  0.73OEGNX Oppenhmr Discovery Mid Potential GrowthPairCorr
  0.65OEMIX Ophmr Eml DbtPairCorr
  0.65OEMNX Ophmr Eml DbtPairCorr
  0.9OFIIX Oppenheimer CorporatePairCorr
  1.0OFIYX Oppenheimer CorporatePairCorr
  0.7OGIYX Oppenheimer GlobalPairCorr
  0.7OGIIX Oppenheimer GlobalPairCorr
  0.77OGINX Oppenheimer Gr IncmPairCorr
  0.85OGLIX Oppenheimer GlobalPairCorr
  0.83OGLNX Oppenheimer GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Corporate 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 Corporate'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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