Oppenheimer Flexible Correlations

Mutual Funds . USA . 
Fund . Oppenheimer Flexible Strategies
QOPYX Fund  USD 25.85  0.01  0.04%   
The current 90-days correlation between Oppenheimer Flexible and Short Term Government Fund is 0.14 (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 0.37 (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 manufacturing.

Moving together with Oppenheimer Mutual Fund

  0.86OSCIX Oppenheimer Intl SmallPairCorr
  0.86OSIIX Oppenheimer Global StrtgcPairCorr
  0.86OSINX Oppenheimer Strat IncmPairCorr
  0.86OSIYX Oppenheimer StrategicPairCorr
  0.83OSMNX Oppenheimer Intl SmallPairCorr
  0.86OSMYX Oppenheimer Intl SmallPairCorr
  0.74OSPAX Oppenheimer Steelpath MlpPairCorr
  0.89OSPMX Oppenheimer Steelpath MlpPairCorr
  0.72OSPPX Oppenheimer Steelpath MlpPairCorr
  0.78OSPSX Oppenheimer Steelpath MlpPairCorr
  0.74MLPOX Oppenheimer Steelpath MlpPairCorr
  0.71MLPNX Oppenheimer Steelpath MlpPairCorr
  0.78MLPTX Oppenheimer Steelpath MlpPairCorr
  0.89MLPZX Oppenheimer Steelpath MlpPairCorr
  0.69ODVNX Oppenheimer DevelopingPairCorr
  0.69ODVYX Oppenheimer DevelopingPairCorr
  0.8QMGIX Oppenheimer GlobalPairCorr
  0.8QMGRX Oppenheimer GlobalPairCorr
  0.8QMGYX Oppenheimer GlobalPairCorr
  0.8QMGAX Oppenheimer GlobalPairCorr
  0.8QMGCX Oppenheimer GlobalPairCorr
  0.74CGRNX Oppenheimer ValuePairCorr
  0.75CGRYX Oppenheimer DisciplinedPairCorr
  0.74OEMIX Ophmr Eml DbtPairCorr
  0.74OEMNX Ophmr Eml DbtPairCorr
  0.83OEMYX Ophmr Eml DbtPairCorr

Moving against Oppenheimer Mutual Fund

  0.35ODINX Oppenheimer DiscoveryPairCorr
  0.35ODIYX Oppenheimer DiscoveryPairCorr
  0.62OFINX Oppenheimer CorporatePairCorr
  0.58OFIYX 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 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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