Ocm Mutual Correlations

Mutual Funds . USA . 
Fund . Ocm Mutual Fund
OCMAX Fund  USD 14.64  0.74  4.81%   
The current 90-days correlation between Ocm Mutual Fund and Ocm Mutual Fund is 1.0 (i.e., No risk reduction). The correlation of Ocm Mutual 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.

Ocm Mutual Correlation With Market

Good diversification

The correlation between Ocm Mutual Fund 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 Ocm Mutual Fund 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 Ocm Mutual Fund. 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 nation.

Moving together with Ocm Mutual Fund

  1.0OCMGX Ocm Mutual FundPairCorr
  0.88SGGDX First Eagle GoldPairCorr
  0.93FEGIX First Eagle GoldPairCorr
  0.94FEGOX First Eagle GoldPairCorr
  0.87OPGSX Oppenheimer Gold SpecPairCorr
  0.88OGMCX Oppenheimer Gold SpecialPairCorr
  0.93FSAGX Gold Portfolio GoldPairCorr
  0.93FIJDX Gold Portfolio FidelityPairCorr

Moving against Ocm Mutual Fund

  0.75KMKCX Kinetics Market OppoPairCorr
  0.75KMKAX Kinetics Market OppoPairCorr
  0.73KNPYX Kinetics ParadigmPairCorr
  0.72LSHUX Horizon Spin OffPairCorr
  0.71LSHCX Horizon Spin OffPairCorr
  0.78DFSVX Us Small CapPairCorr
  0.77VAADX Virtus ConvertiblePairCorr
  0.73WWNPX Kinetics ParadigmPairCorr
  0.73KNPCX Kinetics ParadigmPairCorr
  0.73KNPAX Kinetics ParadigmPairCorr
  0.73VEXRX Vanguard ExplorerPairCorr
  0.71VIGAX Vanguard Growth IndexPairCorr
  0.71FZROX Fidelity Zero TotalPairCorr
  0.55GVCAX Gabelli ValuePairCorr
  0.53JHEIX Equity IncomePairCorr
  0.52RNGHX New Economy FundPairCorr
  0.46LETRX Voya Russia FundPairCorr
  0.45FTQGX Fidelity Focused StockPairCorr
  0.31GOVXX Money Market ObligationsPairCorr
  0.84BTCVX Cboe Vest BitcoinPairCorr
  0.79WCPSX Mobile TelecommunicatioPairCorr
  0.75AMGOX Alger Mid CapPairCorr
  0.71VTSAX Vanguard Total StockPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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