Optimum Small Correlations
OASVX Fund | USD 12.88 0.27 2.05% |
The current 90-days correlation between Optimum Small Mid and Americafirst Large Cap is 0.89 (i.e., Very poor diversification). The correlation of Optimum Small 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 Correlation With Market
Very good diversification
The correlation between Optimum Small Mid Cap and DJI is -0.36 (i.e., Very good 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.
Optimum |
Moving together with Optimum Mutual Fund
0.98 | OASGX | Optimum Small Mid | PairCorr |
0.62 | OCFIX | Optimum Fixed Income | PairCorr |
0.96 | WASAX | Ivy Asset Strategy | PairCorr |
0.96 | WSGAX | Ivy Small Cap | PairCorr |
0.92 | OCIEX | Optimum International | PairCorr |
0.94 | OCLVX | Optimum Large Cap | PairCorr |
0.97 | OCLGX | Optimum Large Cap | PairCorr |
0.94 | OCSGX | Optimum Small Mid | PairCorr |
0.95 | OCSVX | Optimum Small Mid | PairCorr |
0.97 | WSTAX | Ivy Science And | PairCorr |
0.86 | DMO | Western Asset Mortgage | PairCorr |
0.98 | WCEAX | Ivy E Equity | PairCorr |
0.8 | DLTZX | Delaware Limited Term | PairCorr |
0.79 | DLTRX | Delaware Limited Term | PairCorr |
0.94 | IPOAX | Ivy Emerging Markets | PairCorr |
0.62 | DMHIX | Delaware Minnesota High | PairCorr |
0.64 | DMNIX | Delaware Tax Free | PairCorr |
0.67 | DMUSX | Delaware Tax Free | PairCorr |
0.79 | IRSAX | Ivy Advantus Real | PairCorr |
0.68 | OIFIX | Optimum Fixed Income | PairCorr |
0.92 | OIIEX | Optimum International | PairCorr |
0.94 | OILGX | Optimum Large Cap | PairCorr |
0.94 | OILVX | Optimum Large Cap | PairCorr |
0.71 | DPCFX | Delaware Diversified | PairCorr |
0.74 | DPDFX | Delaware Diversified | PairCorr |
0.71 | DPFFX | Delaware Diversified | PairCorr |
Related Correlations Analysis
0.96 | 0.99 | 0.95 | 0.98 | 0.98 | SBQAX | ||
0.96 | 0.96 | 1.0 | 0.97 | 0.97 | DLCIX | ||
0.99 | 0.96 | 0.96 | 0.99 | 0.99 | AMFFX | ||
0.95 | 1.0 | 0.96 | 0.97 | 0.97 | MTCGX | ||
0.98 | 0.97 | 0.99 | 0.97 | 0.99 | FLRAX | ||
0.98 | 0.97 | 0.99 | 0.97 | 0.99 | LGPSX | ||
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Risk-Adjusted Indicators
There is a big difference between Optimum Mutual Fund performing well and Optimum Small 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'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SBQAX | 0.78 | 0.38 | 0.22 | (0.81) | 0.53 | 1.91 | 10.48 | |||
DLCIX | 0.74 | 0.10 | 0.08 | 0.21 | 0.87 | 2.07 | 5.02 | |||
AMFFX | 0.65 | 0.30 | 0.17 | (0.72) | 0.48 | 1.53 | 9.12 | |||
MTCGX | 0.93 | 0.14 | 0.12 | 0.24 | 0.98 | 2.40 | 6.22 | |||
FLRAX | 0.86 | 0.41 | 0.25 | (0.88) | 0.42 | 2.23 | 11.56 | |||
LGPSX | 1.06 | 0.51 | 0.23 | (0.74) | 0.84 | 2.64 | 15.38 |