Oppenheimer Flexible Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Flexible Strategies
QOPCX Fund  USD 21.73  0.02  0.09%   
The current 90-days correlation between Oppenheimer Flexible and Morgan Stanley Global is 0.1 (i.e., Average diversification). The correlation of Oppenheimer Flexible 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 Flexible Correlation With Market

Weak diversification

The correlation between Oppenheimer Flexible Strategie and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oppenheimer Flexible Strategie 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 Flexible Strategies. 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 main economic indicators.

Moving together with Oppenheimer Mutual Fund

  0.83AMHYX Invesco High YieldPairCorr
  0.85OSICX Oppenheimer StrategicPairCorr
  0.78OSMAX Oppenheimer InternationalPairCorr
  0.77OSMCX Oppenheimer InternationalPairCorr
  0.83HYIFX Invesco High YieldPairCorr
  0.82HYINX Invesco High YieldPairCorr
  0.86ILAAX Invesco Income AllocationPairCorr
  0.75PXCCX Invesco Select RiskPairCorr
  0.87BRCRX Invesco Balanced RiskPairCorr
  0.88BRCNX Invesco Balanced RiskPairCorr
  0.75PXCIX Invesco Select RiskPairCorr
  0.87BRCCX Invesco Balanced RiskPairCorr
  0.87BRCAX Invesco Balanced RiskPairCorr
  0.88BRCYX Invesco Balanced RiskPairCorr
  0.78EMLDX Invesco Emerging MarketsPairCorr
  0.71OCCIX Oppenheimer CnsrvtvPairCorr
  0.72STBAX Invesco Short TermPairCorr
  0.7STBCX Invesco Short TermPairCorr
  0.91MLPRX Oppenheimer Steelpath MlpPairCorr
  0.73STBYX Invesco Short TermPairCorr
  0.73STBRX Invesco Short TermPairCorr
  0.91MLPDX Oppenheimer Steelpath MlpPairCorr
  0.81MLPAX Oppenheimer Steelpath MlpPairCorr
  0.79MLPGX Oppenheimer Steelpath MlpPairCorr
  0.83MLPFX Oppenheimer Steelpath MlpPairCorr
  0.82MLPEX Steelpath SelectPairCorr
  0.77MLPMX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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