Optimum Fixed Correlations

Mutual Funds . USA . 
Fund . Optimum Fixed Income
OCFIX Fund  USD 8.74  0.02  0.23%   
The current 90-days correlation between Optimum Fixed Income and Optimum Small Mid Cap is 0.06 (i.e., Significant diversification). The correlation of Optimum Fixed 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.

Optimum Fixed Correlation With Market

Modest diversification

The correlation between Optimum Fixed Income and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimum Fixed 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 Optimum Fixed 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 gross domestic product.

Moving together with Optimum Mutual Fund

  0.63OASGX Optimum Small MidPairCorr
  0.64WASAX Ivy Asset StrategyPairCorr
  0.61OCLGX Optimum Large CapPairCorr
  0.64OCSGX Optimum Small MidPairCorr
  0.62OCSVX Optimum Small MidPairCorr
  0.65WSTAX Ivy Science AndPairCorr
  0.75DMO Western Asset MortgagePairCorr
  0.63WCEAX Ivy E EquityPairCorr
  0.62DLHIX Delaware HealthcarePairCorr
  0.61DLHAX Delaware HealthcarePairCorr
  0.72DLTZX Delaware Limited TermPairCorr
  0.85DLTRX Delaware Limited TermPairCorr
  0.63IPOAX Ivy Emerging MarketsPairCorr
  1.0OIFIX Optimum Fixed IncomePairCorr
  0.61OILGX Optimum Large CapPairCorr
  0.64OILVX Optimum Large CapPairCorr
  0.99DPCFX Delaware DiversifiedPairCorr
  0.98DPDFX Delaware DiversifiedPairCorr
  0.98DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Optimum Mutual Fund performing well and Optimum Fixed 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 Optimum Fixed'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OASGX  0.91  0.33  0.14 (1.57) 0.74 
(1.06)
 2.67 
(1.45)
 6.95 
OASVX  0.87  0.26  0.10 (1.19) 0.82 
(1.01)
 2.41 
(1.77)
 6.81 
IMAAX  0.06  0.01  0.00 (1.08) 0.00 
 0.00 
 0.33 
 0.00 
 1.24 
OCFIX  0.25  0.01 (0.32) 0.22  0.23 
(0.30)
 0.47 
(0.46)
 1.27 
WASAX  0.35  0.18  0.08 (2.85) 0.00 
(0.40)
 1.26 
(0.76)
 2.37 
WSGAX  0.88  0.28  0.11 (2.00) 0.82 
(0.98)
 2.29 
(1.44)
 4.95 
OCIEX  0.50  0.24  0.17 (2.17) 0.00 
(0.63)
 1.25 
(0.83)
 3.22 
OCLVX  0.54  0.11  0.10  0.30  0.32 
(0.67)
 1.46 
(0.84)
 3.86 
OCLGX  0.81  0.30  0.16 (6.61) 0.69 
(0.94)
 2.39 
(1.34)
 5.62 
OCSGX  0.89  0.13  0.13  0.25  0.76 
(1.17)
 2.62 
(1.41)
 6.89 

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