Oppenheimer Global Correlations

OSIIX Fund

USD 3.13 0.01 0.32%

The current 90-days correlation between Oppenheimer Global Strtgc and Government Securities Fund is 0.6 (i.e., Poor diversification). The correlation of Oppenheimer Global 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 Global Correlation With Market

Good diversification

The correlation between Oppenheimer Global Strtgc and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Global Strtgc 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 Global Strtgc. 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

0.84	OSCIX	Oppenheimer Intl Small	Pair Corr
0.98	OSINX	Oppenheimer Strat Incm	Pair Corr
0.98	OSIYX	Oppenheimer Strategic	Pair Corr
0.83	OSMNX	Oppenheimer Intl Small	Pair Corr
0.84	OSMYX	Oppenheimer Intl Small	Pair Corr
0.73	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.74	ODVNX	Oppenheimer Developing	Pair Corr
0.75	ODVYX	Oppenheimer Developing	Pair Corr
0.95	QMGIX	Oppenheimer Global	Pair Corr
0.95	QMGRX	Oppenheimer Global	Pair Corr
0.95	QMGYX	Oppenheimer Global	Pair Corr
0.95	QMGAX	Oppenheimer Global	Pair Corr
0.95	QMGCX	Oppenheimer Global	Pair Corr
0.94	OEMIX	Ophmr Eml Dbt	Pair Corr
0.95	OEMNX	Ophmr Eml Dbt	Pair Corr
0.94	OEMYX	Ophmr Eml Dbt	Pair Corr

Moving against Oppenheimer Mutual Fund

0.69	ODINX	Oppenheimer Discovery	Pair Corr
0.69	ODIYX	Oppenheimer Discovery	Pair Corr
0.58	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.58	OTCYX	Oppenheimer Capital	Pair Corr
0.48	OSCNX	Oppenheimer Main Street	Pair Corr
0.47	OSSIX	Oppenheimer Main Street	Pair Corr
0.43	OSCYX	Oppenheimer Main Street	Pair Corr
0.65	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.65	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.65	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.56	OGIYX	Oppenheimer Global	Pair Corr
0.41	OFINX	Oppenheimer Corporate	Pair Corr
0.35	OFIIX	Oppenheimer Corporate	Pair Corr
0.34	OFIYX	Oppenheimer Corporate	Pair Corr

Related Correlations Analysis

	UIGSX	SSAGX	BIGLX	AMUSX	FIKPX
UIGSX		0.93	0.96	0.97	0.97	UIGSX
SSAGX	0.93		0.9	0.92	0.91	SSAGX
BIGLX	0.96	0.9		0.99	1.0	BIGLX
AMUSX	0.97	0.92	0.99		1.0	AMUSX
FIKPX	0.97	0.91	1.0	1.0		FIKPX
	UIGSX	SSAGX	BIGLX	AMUSX	FIKPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Oppenheimer Mutual Fund performing well and Oppenheimer Global 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 Global'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
UIGSX	0.20	0.01	0.04	(0.18)	0.17	(0.26)	0.46	(0.45)	1.04
SSAGX	0.06	0.01	0.08	(0.74)	0.00	(0.16)	0.10	(0.10)	0.51
BIGLX	0.26	0.02	0.03	0.44	0.27	(0.32)	0.56	(0.55)	1.58
AMUSX	0.26	0.02	0.05	0.86	0.25	(0.31)	0.60	(0.58)	1.55
FIKPX	0.24	0.01	0.03	5.32	0.22	(0.28)	0.56	(0.44)	1.34

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