Optimum Fixed Correlations

OIFIX Fund

USD 8.59 0.01 0.12%

The current 90-days correlation between Optimum Fixed Income and Pimco Corporate Income is -0.11 (i.e., Good 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

Average diversification

The correlation between Optimum Fixed Income and DJI is 0.15 (i.e., Average 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

0.83	OASGX	Optimum Small Mid	Pair Corr
1.0	OCFIX	Optimum Fixed Income	Pair Corr
0.9	WASAX	Ivy Asset Strategy	Pair Corr
0.83	WSGAX	Ivy Small Cap	Pair Corr
0.71	OCIEX	Optimum International	Pair Corr
0.72	OCLVX	Optimum Large Cap	Pair Corr
0.84	OCLGX	Optimum Large Cap	Pair Corr
0.83	OCSGX	Optimum Small Mid	Pair Corr
0.87	WSTAX	Ivy Science And	Pair Corr
0.85	DMO	Western Asset Mortgage	Pair Corr
0.94	CXHYX	Delaware National High	Pair Corr
0.85	WCEAX	Ivy E Equity	Pair Corr
0.94	FTNYX	Delaware Tax Free	Pair Corr
0.95	FTORX	First Investors Tax	Pair Corr
0.95	FTOTX	First Investors Tax	Pair Corr
0.87	DLHIX	Delaware Healthcare	Pair Corr
0.86	DLHCX	Delaware Healthcare	Pair Corr
0.87	DLHAX	Delaware Healthcare	Pair Corr
0.88	DLRHX	Delaware Healthcare	Pair Corr
0.94	DLTZX	Delaware Limited Term	Pair Corr
0.95	DLTRX	Delaware Limited Term	Pair Corr
0.86	IPOAX	Ivy Emerging Markets	Pair Corr
0.97	DMHIX	Delaware Minnesota High	Pair Corr
0.97	DMOCX	Delaware Tax Free	Pair Corr
0.97	DMNIX	Delaware Tax Free	Pair Corr
0.94	DMTFX	Delaware Tax Free	Pair Corr
0.95	DMUSX	Delaware Tax Free	Pair Corr
0.84	IRSAX	Ivy Advantus Real	Pair Corr
0.76	OIIEX	Optimum International	Pair Corr
0.87	OILGX	Optimum Large Cap	Pair Corr
0.75	OILVX	Optimum Large Cap	Pair Corr
0.95	VCTFX	Delaware Tax Free	Pair Corr
0.96	DPCFX	Delaware Diversified	Pair Corr
0.97	DPDFX	Delaware Diversified	Pair Corr
0.97	DPFFX	Delaware Diversified	Pair Corr
0.84	OISGX	Optimum Small Mid	Pair Corr

Related Correlations Analysis

	PTY	NAD	FSTFX	JPC	NVG	ACP-PA	CDSIX	EXG	JDFNX	JADFX
PTY		0.3	0.62	0.48	0.34	0.69	0.42	0.28	0.34	0.36	PTY
NAD	0.3		0.83	0.86	0.99	0.73	0.91	0.92	0.94	0.94	NAD
FSTFX	0.62	0.83		0.92	0.84	0.87	0.86	0.74	0.86	0.88	FSTFX
JPC	0.48	0.86	0.92		0.86	0.79	0.87	0.84	0.87	0.87	JPC
NVG	0.34	0.99	0.84	0.86		0.76	0.93	0.93	0.96	0.95	NVG
ACP-PA	0.69	0.73	0.87	0.79	0.76		0.75	0.7	0.75	0.76	ACP-PA
CDSIX	0.42	0.91	0.86	0.87	0.93	0.75		0.9	0.98	0.98	CDSIX
EXG	0.28	0.92	0.74	0.84	0.93	0.7	0.9		0.9	0.88	EXG
JDFNX	0.34	0.94	0.86	0.87	0.96	0.75	0.98	0.9		1.0	JDFNX
JADFX	0.36	0.94	0.88	0.87	0.95	0.76	0.98	0.88	1.0		JADFX
	PTY	NAD	FSTFX	JPC	NVG	ACP-PA	CDSIX	EXG	JDFNX	JADFX

Please upgrade your account to get full access to Macroaxis premium features

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PTY	0.44	0.00	(0.07)	0.10	1.12	(0.36)	0.56	(0.84)	5.24
NAD	0.40	0.12	0.08	6.00	0.00	(0.50)	1.04	(0.75)	2.95
FSTFX	0.05	0.00	(0.77)	0.00	0.00	(0.13)	0.19	(0.09)	0.38
JPC	0.33	0.03	(0.09)	0.26	0.43	(0.33)	0.74	(0.74)	2.35
NVG	0.40	0.11	0.08	1.71	0.00	(0.49)	1.08	(0.52)	2.90
ACP-PA	0.53	0.02	(0.09)	0.30	0.65	(0.66)	1.32	(0.92)	3.88
CDSIX	0.08	0.00	(0.87)	0.12	0.00	(0.11)	0.13	(0.13)	0.69
EXG	0.48	0.07	0.05	0.20	0.30	(0.59)	1.01	(0.75)	2.80
JDFNX	0.17	0.01	(0.36)	0.39	0.00	(0.23)	0.33	(0.22)	0.85
JADFX	0.17	0.01	(0.36)	0.37	0.06	(0.22)	0.32	(0.22)	0.95

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

2025 Macroaxis LLC

Optimum Fixed Correlations

Optimum Fixed Correlation With Market

Average diversification

Moving together with Optimum Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY