Omni Small-cap Correlations

Mutual Funds . USA . 
Fund . Omni Small Cap Value
BOSVX Fund  USD 18.32  0.34  1.89%   
The current 90-days correlation between Omni Small Cap and Fidelity American High is 0.08 (i.e., Significant diversification). The correlation of Omni Small-cap 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.

Omni Small-cap Correlation With Market

Very poor diversification

The correlation between Omni Small Cap Value and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Omni Small Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Omni Small Cap Value. 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 Omni Mutual Fund

  0.94BRAGX Aggressive InvestorsPairCorr
  0.96BRSIX Ultra-small Company Steady GrowthPairCorr
  0.99BRSVX Small Cap ValuePairCorr
  0.97BRUSX Ultra-small CompanyPairCorr
  1.0VSIIX Vanguard Small CapPairCorr
  1.0VISVX Vanguard Small CapPairCorr
  1.0DFSVX Us Small CapPairCorr
  1.0DFFVX Us Targeted ValuePairCorr
  0.99UBVCX Undiscovered ManagersPairCorr
  0.96UBVAX Undiscovered ManagersPairCorr
  0.99UBVSX Undiscovered ManagersPairCorr
  1.0AVFIX American Beacon SmallPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.93VGTSX Vanguard Total InterPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.9SHLMX Stone Harbor LocalPairCorr
  0.95DSMLX Touchstone Large PanyPairCorr
  0.93PGOAX Prudential Jennison SmallPairCorr
  0.9ALMAX Alger Smidcap FocusPairCorr
  0.95JBTBX Jpmorgan Smartretirement*PairCorr
  0.95JAFJX John Hancock VariablePairCorr
  0.9IPYAX Voya High YieldPairCorr
  0.98VIVIX Vanguard Value IndexPairCorr
  0.95FAGOX Fidelity Advisor GrowthPairCorr
  0.71SWCAX Schwab California TaxPairCorr
  0.92RMORX Victory Rs MidPairCorr
  0.96CDIRX Columbia Dividend IncomePairCorr
  0.95RICAX Investment Of AmericaPairCorr
  1.0TSLCX Transamerica Small CapPairCorr
  1.0FMVUX Matson Money EquityPairCorr
  0.96RBFTX American Funds 2035PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Omni Mutual Fund performing well and Omni Small-cap 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 Omni Small-cap'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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