Optimum Small-mid Correlations

OCSGX Fund

USD 7.43 0.01 0.13%

The current 90-days correlation between Optimum Small Mid and Enhanced Large Pany is 0.85 (i.e., Very poor diversification). The correlation of Optimum Small-mid 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 Small-mid Correlation With Market

Very poor diversification

The correlation between Optimum Small Mid Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimum Small Mid 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 Small Mid 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 price.

Moving together with Optimum Mutual Fund

1.0	OASGX	Optimum Small Mid	Pair Corr
0.97	OASVX	Optimum Small Mid	Pair Corr
0.67	WASAX	Ivy Asset Strategy	Pair Corr
0.97	WSGAX	Ivy Small Cap	Pair Corr
0.93	OCLVX	Optimum Large Cap	Pair Corr
0.9	OCLGX	Optimum Large Cap	Pair Corr
0.97	OCSVX	Optimum Small Mid	Pair Corr
0.76	WSTAX	Ivy Science And	Pair Corr
0.68	DMO	Western Asset Mortgage	Pair Corr
0.9	WCEAX	Ivy E Equity	Pair Corr
0.9	OILGX	Optimum Large Cap	Pair Corr
0.93	OILVX	Optimum Large Cap	Pair Corr

Moving against Optimum Mutual Fund

0.57	OCFIX	Optimum Fixed Income	Pair Corr
0.57	DLHCX	Delaware Healthcare	Pair Corr
0.56	DLHIX	Delaware Healthcare	Pair Corr
0.56	DLHAX	Delaware Healthcare	Pair Corr
0.56	DLRHX	Delaware Healthcare	Pair Corr
0.58	DPRFX	Delaware Diversified	Pair Corr
0.57	DPCFX	Delaware Diversified	Pair Corr
0.55	OIFIX	Optimum Fixed Income	Pair Corr
0.55	DPDFX	Delaware Diversified	Pair Corr
0.55	DPFFX	Delaware Diversified	Pair Corr

Related Correlations Analysis

	DFELX	RCLIX	GMZPX	JAAIX	TRBCX	MSTSX
DFELX		0.98	0.99	0.85	0.99	0.72	DFELX
RCLIX	0.98		0.97	0.81	0.97	0.66	RCLIX
GMZPX	0.99	0.97		0.83	0.99	0.67	GMZPX
JAAIX	0.85	0.81	0.83		0.8	0.83	JAAIX
TRBCX	0.99	0.97	0.99	0.8		0.67	TRBCX
MSTSX	0.72	0.66	0.67	0.83	0.67		MSTSX
	DFELX	RCLIX	GMZPX	JAAIX	TRBCX	MSTSX

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Risk-Adjusted Indicators

There is a big difference between Optimum Mutual Fund performing well and Optimum Small-mid 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 Small-mid'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DFELX	0.56	0.00	(0.02)	0.11	0.70	(0.60)	1.15	(1.36)	3.90
RCLIX	0.53	(0.03)	(0.06)	0.08	0.68	(0.55)	1.10	(1.49)	4.03
GMZPX	0.75	0.00	(0.01)	0.12	1.05	(0.74)	1.69	(1.86)	5.29
JAAIX	0.15	(0.01)	(0.46)	0.08	0.05	(0.19)	0.37	(0.31)	0.87
TRBCX	0.72	0.01	(0.01)	0.13	0.97	(0.68)	1.66	(2.18)	4.86
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80

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