Optimum Fixed Correlations

Mutual Funds . USA . 
Fund . Optimum Fixed Income
OCFIX Fund  USD 8.81  0.03  0.34%   
The current 90-days correlation between Optimum Fixed Income and Tiaa Cref Real Estate is 0.53 (i.e., Very weak 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 -0.12 (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

  0.7IMAAX Ivy Apollo MultiPairCorr
  0.72CXHYX Delaware National HighPairCorr
  0.75FTNYX Delaware Tax FreePairCorr
  0.75FTORX First Investors TaxPairCorr
  0.75FTOTX First Investors TaxPairCorr
  0.73DLHIX Delaware HealthcarePairCorr
  0.73DLHCX Delaware HealthcarePairCorr
  0.73DLHAX Delaware HealthcarePairCorr
  0.73DLRHX Delaware HealthcarePairCorr
  0.69DMOCX Delaware Tax FreePairCorr
  0.81DMTFX Delaware Tax FreePairCorr
  0.73DMUSX Delaware Tax FreePairCorr
  0.62VAZIX Delaware Tax FreePairCorr
  1.0OIFIX Optimum Fixed IncomePairCorr
  0.73VCTFX Delaware Tax FreePairCorr
  1.0DPCFX Delaware DiversifiedPairCorr
  0.99DPDFX Delaware DiversifiedPairCorr
  0.99DPFFX Delaware DiversifiedPairCorr

Moving against Optimum Mutual Fund

  0.74OCLGX Optimum Large CapPairCorr
  0.73DMO Western Asset MortgagePairCorr
  0.73WCEAX Ivy E EquityPairCorr
  0.68OASVX Optimum Small MidPairCorr
  0.68OCSVX Optimum Small MidPairCorr
  0.6OCLVX Optimum Large CapPairCorr
  0.6WSTAX Ivy Science AndPairCorr
  0.58OASGX Optimum Small MidPairCorr
  0.57OCSGX Optimum Small MidPairCorr
  0.46WSGAX Ivy Small CapPairCorr
  0.37WASAX Ivy Asset StrategyPairCorr
  0.75OILGX Optimum Large CapPairCorr
  0.74FGIPX First Investors GrowthPairCorr
  0.73FGINX First Investors GrowthPairCorr
  0.69OISVX Optimum Small MidPairCorr
  0.62OILVX Optimum Large CapPairCorr
  0.61IBNAX Ivy BalancedPairCorr
  0.58OISGX Optimum Small MidPairCorr

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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