Oppenheimer International Correlations

OIGAX Fund

USD 33.01 0.16 0.49%

The current 90-days correlation between Oppenheimer International and Aam Select Income is 0.37 (i.e., Weak diversification). The correlation of Oppenheimer International 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 International Correlation With Market

Modest diversification

The correlation between Oppenheimer International Grow and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer International Grow 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 International Growth. 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 nation.

Moving together with Oppenheimer Mutual Fund

0.82	VMICX	Invesco Municipal Income	Pair Corr
0.75	VMINX	Invesco Municipal Income	Pair Corr
0.79	VMIIX	Invesco Municipal Income	Pair Corr
0.98	OARDX	Oppenheimer Rising	Pair Corr
0.99	OSMAX	Oppenheimer International	Pair Corr
0.71	OTFCX	Oppenheimer Target	Pair Corr
0.66	PXMSX	Invesco Select Risk	Pair Corr
0.95	INGFX	Invesco Oppenheimer	Pair Corr
0.86	CGREX	Invesco Global Real	Pair Corr
0.97	CGRCX	Oppenheimer Value	Pair Corr
0.84	GGHYX	Invesco Global Health	Pair Corr
0.85	GGHCX	Invesco Global Health	Pair Corr
0.92	CHRRX	Invesco Charter	Pair Corr
0.88	CHRSX	Invesco Charter	Pair Corr
0.85	AADSX	Invesco Growth Allocation	Pair Corr
0.85	ASIYX	Invesco Asia Pacific	Pair Corr
0.85	ASISX	Invesco Asia Pacific	Pair Corr
0.85	ASIAX	Invesco Asia Pacific	Pair Corr
0.76	OIDAX	Oppenheimer International	Pair Corr
0.74	ACCBX	Invesco Porate Bond	Pair Corr
0.92	IARRX	Invesco Real Estate	Pair Corr
0.92	IARYX	Invesco Real Estate	Pair Corr
0.96	ACSTX	Invesco Comstock	Pair Corr
0.84	ACTHX	Invesco High Yield	Pair Corr
0.76	ACTDX	Invesco High Yield	Pair Corr

Moving against Oppenheimer Mutual Fund

0.43

VSLAX

Invesco Senior Loan

Pair Corr

Related Correlations Analysis

	CPUCX	FZDAQX	WABMSX	FTUFOX	FURYAX	IAADX	FWNHTX
CPUCX		0.7	0.49	0.69	0.25	0.73	0.65	CPUCX
FZDAQX	0.7		0.59	0.81	0.44	0.39	0.65	FZDAQX
WABMSX	0.49	0.59		0.5	0.84	0.66	0.49	WABMSX
FTUFOX	0.69	0.81	0.5		0.19	0.39	0.65	FTUFOX
FURYAX	0.25	0.44	0.84	0.19		0.35	0.29	FURYAX
IAADX	0.73	0.39	0.66	0.39	0.35		0.54	IAADX
FWNHTX	0.65	0.65	0.49	0.65	0.29	0.54		FWNHTX
	CPUCX	FZDAQX	WABMSX	FTUFOX	FURYAX	IAADX	FWNHTX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer International 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 International'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
CPUCX	0.26	0.02	0.12	0.18	0.22	(0.33)	0.66	(0.54)	1.54
FZDAQX	0.12	0.01	0.09	0.06	0.15	(0.15)	0.21	(0.21)	0.93
WABMSX	0.49	0.06	0.09	0.09	0.64	(0.51)	1.11	(1.21)	2.77
FTUFOX	0.10	0.01	0.29	0.33	0.00	(0.11)	0.20	(0.17)	0.59
FURYAX	0.57	0.05	0.09	0.17	0.67	(0.64)	1.21	(1.31)	2.96
IAADX	0.19	0.00	0.18	0.00	0.05	(0.25)	0.44	(0.33)	0.88
FWNHTX	0.02	(0.01)	0.56	(2.16)	0.00	(0.02)	0.05	(0.04)	0.16

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