Oppenheimer Strategic Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Strategic Income
OSIYX Fund  USD 3.14  0.01  0.32%   
The current 90-days correlation between Oppenheimer Strategic and Delaware Investments Ultrashort is 0.06 (i.e., Significant diversification). The correlation of Oppenheimer Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Oppenheimer Strategic Income and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Strategic Income 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 Strategic Income. 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 Oppenheimer Mutual Fund

  0.84OSCIX Oppenheimer Intl SmallPairCorr
  1.0OSIIX Oppenheimer Global StrtgcPairCorr
  0.99OSINX Oppenheimer Strat IncmPairCorr
  0.79OSMNX Oppenheimer Intl SmallPairCorr
  0.84OSMYX Oppenheimer Intl SmallPairCorr
  0.62OSPMX Oppenheimer Steelpath MlpPairCorr
  0.62MLPZX Oppenheimer Steelpath MlpPairCorr
  0.81ODVNX Oppenheimer DevelopingPairCorr
  0.75ODVYX Oppenheimer DevelopingPairCorr
  0.95QMGIX Oppenheimer GlobalPairCorr
  0.95QMGRX Oppenheimer GlobalPairCorr
  0.87QMGYX Oppenheimer GlobalPairCorr
  0.87QMGAX Oppenheimer GlobalPairCorr
  0.95QMGCX Oppenheimer GlobalPairCorr
  0.9OEMIX Ophmr Eml DbtPairCorr
  0.77OEMNX Ophmr Eml DbtPairCorr
  0.9OEMYX Ophmr Eml DbtPairCorr

Moving against Oppenheimer Mutual Fund

  0.69ODINX Oppenheimer DiscoveryPairCorr
  0.62ODIYX Oppenheimer DiscoveryPairCorr
  0.58OTCNX Oppenheimer Cap ApprecPairCorr
  0.57OTCYX Oppenheimer CapitalPairCorr
  0.52OSCNX Oppenheimer Main StreetPairCorr
  0.51OSSIX Oppenheimer Main StreetPairCorr
  0.48OSCYX Oppenheimer Main StreetPairCorr
  0.69OEGNX Oppenhmr Discovery MidPairCorr
  0.59OEGYX Oppenhmr Discovery MidPairCorr
  0.59OEGIX Oppenhmr Discovery MidPairCorr
  0.55OGIYX Oppenheimer GlobalPairCorr
  0.41OFIIX Oppenheimer CorporatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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