Optimix Wereld Correlations

OPWAF Fund  EUR 65.22  0.94  1.42%   
The current 90-days correlation between Optimix Wereld Aandelen and Kempen Global High is -0.14 (i.e., Good diversification). The correlation of Optimix Wereld 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.

Optimix Wereld Correlation With Market

Good diversification

The correlation between Optimix Wereld Aandelen and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimix Wereld Aandelen and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Optimix Wereld could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Optimix Wereld when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Optimix Wereld - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Optimix Wereld Aandelen to buy it.

Moving together with Optimix Fund

  0.95KGHDF Kempen Global HighPairCorr
  0.97OPTMF Optimix Mix FundPairCorr
  0.92AVFNV Add Value FundPairCorr
  0.93AVWA Cardano Impact EquityPairCorr
  0.86ROBA Robeco Sust GlobalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Optimix Fund performing well and Optimix Wereld 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 Optimix Wereld'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Optimix Wereld without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Latest Portfolios Now

   

Latest Portfolios

Quick portfolio dashboard that showcases your latest portfolios
All  Next Launch Module