Optimum Fixed Correlations

Mutual Funds . USA . 
Fund . Optimum Fixed Income
OIFIX Fund  USD 8.27  0.04  0.48%   
The current 90-days correlation between Optimum Fixed Income and Investec Emerging Markets 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

Good diversification

The correlation between Optimum Fixed Income and DJI is -0.01 (i.e., Good 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

  0.67OASGX Optimum Small MidPairCorr
  0.65OASVX Optimum Small MidPairCorr
  1.0OCFIX Optimum Fixed IncomePairCorr
  0.69WASAX Ivy Asset StrategyPairCorr
  0.62OCIEX Optimum InternationalPairCorr
  0.7OCLVX Optimum Large CapPairCorr
  0.65OCLGX Optimum Large CapPairCorr
  0.67OCSGX Optimum Small MidPairCorr
  0.65OCSVX Optimum Small MidPairCorr
  0.69WSTAX Ivy Science AndPairCorr
  0.79DMO Western Asset MortgagePairCorr
  0.69WCEAX Ivy E EquityPairCorr
  0.72DLTZX Delaware Limited TermPairCorr
  0.88DLTRX Delaware Limited TermPairCorr
  0.63OIIEX Optimum InternationalPairCorr
  0.65OILGX Optimum Large CapPairCorr
  0.7OILVX Optimum Large CapPairCorr
  0.78DPCFX Delaware DiversifiedPairCorr
  0.99DPDFX Delaware DiversifiedPairCorr
  0.98DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

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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.

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