Optimum Large Correlations

Mutual Funds USA . 
Fund . Optimum Large Cap
OCLVX Fund  USD 20.71  0.02  0.1%   
The current 90-days correlation between Optimum Large Cap and Mesirow Financial Small is 0.86 (i.e., Very poor diversification). The correlation of Optimum Large 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 Large Correlation With Market

Almost no diversification

The correlation between Optimum Large Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimum Large Cap 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 Large Cap. 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 real.

Moving together with Optimum Mutual Fund

  0.93OASGX Optimum Small MidPairCorr
  0.95OASVX Optimum Small MidPairCorr
  0.76WASAX Ivy Asset StrategyPairCorr
  0.86WSGAX Ivy Small CapPairCorr
  0.91OCLGX Optimum Large CapPairCorr
  0.93OCSGX Optimum Small MidPairCorr
  0.95OCSVX Optimum Small MidPairCorr
  0.83WSTAX Ivy Science AndPairCorr
  0.78DMO Western Asset MortgagePairCorr
  0.94WCEAX Ivy E EquityPairCorr
  0.91OILGX Optimum Large CapPairCorr
  1.0OILVX Optimum Large CapPairCorr

Moving against Optimum Mutual Fund

  0.6OCFIX Optimum Fixed IncomePairCorr
  0.57DLHCX Delaware HealthcarePairCorr
  0.56DLHIX Delaware HealthcarePairCorr
  0.56DLHAX Delaware HealthcarePairCorr
  0.56DLRHX Delaware HealthcarePairCorr
  0.6DPCFX Delaware DiversifiedPairCorr
  0.6DPRFX Delaware DiversifiedPairCorr
  0.58OIFIX Optimum Fixed IncomePairCorr
  0.58DPDFX Delaware DiversifiedPairCorr
  0.58DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
RPFGX
+ 0.99
SBFAX
ICFAX
+ 0.93
RPFGX
ICFAX
+ 0.91
SBFAX
ICFAX
+ 0.9
MSVVX
RPFGX
+ 0.85
MSVVX
SBFAX
+ 0.82
MSVVX
  
High negative correlations   
ICFAX
- 0.0
RGFIX
RPFGX
- 0.0
RGFIX
MCBXX
- 0.0
RGFIX
RGFIX
- 0.0
SBFAX
RGFIX
- 0.0
MSVVX

Risk-Adjusted Indicators

There is a big difference between Optimum Mutual Fund performing well and Optimum Large 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 Large'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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