Optimum Small Correlations

Mutual Funds . USA . 
Fund . Optimum Small Mid Cap
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.
  
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 real.

Moving together with Optimum Mutual Fund

  0.98OASGX Optimum Small MidPairCorr
  0.62OCFIX Optimum Fixed IncomePairCorr
  0.96WASAX Ivy Asset StrategyPairCorr
  0.96WSGAX Ivy Small CapPairCorr
  0.92OCIEX Optimum InternationalPairCorr
  0.94OCLVX Optimum Large CapPairCorr
  0.97OCLGX Optimum Large CapPairCorr
  0.94OCSGX Optimum Small MidPairCorr
  0.95OCSVX Optimum Small MidPairCorr
  0.97WSTAX Ivy Science AndPairCorr
  0.86DMO Western Asset MortgagePairCorr
  0.98WCEAX Ivy E EquityPairCorr
  0.8DLTZX Delaware Limited TermPairCorr
  0.79DLTRX Delaware Limited TermPairCorr
  0.94IPOAX Ivy Emerging MarketsPairCorr
  0.62DMHIX Delaware Minnesota HighPairCorr
  0.64DMNIX Delaware Tax FreePairCorr
  0.67DMUSX Delaware Tax FreePairCorr
  0.79IRSAX Ivy Advantus RealPairCorr
  0.68OIFIX Optimum Fixed IncomePairCorr
  0.92OIIEX Optimum InternationalPairCorr
  0.94OILGX Optimum Large CapPairCorr
  0.94OILVX Optimum Large CapPairCorr
  0.71DPCFX Delaware DiversifiedPairCorr
  0.74DPDFX Delaware DiversifiedPairCorr
  0.71DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

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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.

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