Oppenheimer Senior Correlations

OOSIX Fund

USD 6.56 0.01 0.15%

The current 90-days correlation between Oppenheimer Senior and Tiaa Cref Inflation Linked Bond is 0.02 (i.e., Significant diversification). The correlation of Oppenheimer Senior 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 Senior Correlation With Market

Very good diversification

The correlation between Oppenheimer Senior Floating and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Senior Floating 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 Senior Floating. 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 Oppenheimer Mutual Fund

0.81	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.79	OSINX	Oppenheimer Strat Incm	Pair Corr
0.8	OSIYX	Oppenheimer Strategic	Pair Corr
0.74	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.74	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPZX	Oppenheimer Steelpath Mlp Potential Growth	Pair Corr

Moving against Oppenheimer Mutual Fund

0.37	OSCYX	Oppenheimer Main Street	Pair Corr
0.37	OSSIX	Oppenheimer Main Street	Pair Corr
0.31	OSCNX	Oppenheimer Main Street	Pair Corr
0.49	ODIYX	Oppenheimer Discovery	Pair Corr
0.45	ODINX	Oppenheimer Discovery	Pair Corr
0.36	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.33	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.32	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.47	OGINX	Oppenheimer Gr Incm	Pair Corr

Related Correlations Analysis

	TIILX	ANBIX	APISX	CSQIX	SLFYX	HIPCX	QMHRX
TIILX		0.96	0.93	0.78	0.85	0.91	0.47	TIILX
ANBIX	0.96		0.9	0.8	0.82	0.96	0.53	ANBIX
APISX	0.93	0.9		0.88	0.95	0.76	0.69	APISX
CSQIX	0.78	0.8	0.88		0.86	0.67	0.83	CSQIX
SLFYX	0.85	0.82	0.95	0.86		0.69	0.69	SLFYX
HIPCX	0.91	0.96	0.76	0.67	0.69		0.33	HIPCX
QMHRX	0.47	0.53	0.69	0.83	0.69	0.33		QMHRX
	TIILX	ANBIX	APISX	CSQIX	SLFYX	HIPCX	QMHRX

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Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Senior 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 Senior'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
TIILX	0.15	0.02	0.14	0.48	0.00	(0.19)	0.28	(0.29)	0.95
ANBIX	0.15	0.02	0.13	(0.72)	0.00	(0.19)	0.30	(0.29)	0.98
APISX	0.10	0.02	0.17	0.71	0.00	(0.14)	0.19	(0.10)	0.58
CSQIX	0.26	0.04	0.11	3.64	0.22	(0.35)	0.60	(0.48)	1.60
SLFYX	0.19	0.04	0.17	1.41	0.00	(0.26)	0.39	(0.38)	1.02
HIPCX	0.13	0.01	0.10	(0.29)	0.00	(0.17)	0.31	(0.31)	0.84
QMHRX	0.74	0.14	0.14	(0.77)	0.81	(0.83)	1.68	(1.42)	3.95

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