Optimum Large Correlations

OCLGX Fund

USD 14.15 0.03 0.21%

The current 90-days correlation between Optimum Large Cap and Pimco Inflation Response is -0.04 (i.e., Good diversification). The correlation of Optimum Large 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 Large Correlation With Market

Good diversification

The correlation between Optimum Large Cap and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimum Large 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 Large 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

0.67	IMAAX	Ivy Apollo Multi	Pair Corr
0.97	OCIEX	Optimum International	Pair Corr
0.97	OCLVX	Optimum Large Cap	Pair Corr
0.98	WSTAX	Ivy Science And	Pair Corr
0.86	DMO	Western Asset Mortgage	Pair Corr
0.98	WCEAX	Ivy E Equity	Pair Corr
0.81	DLTZX	Delaware Limited Term	Pair Corr
0.81	DLTRX	Delaware Limited Term	Pair Corr
0.97	IPOAX	Ivy Emerging Markets	Pair Corr
0.66	OIFIX	Optimum Fixed Income	Pair Corr
1.0	OILGX	Optimum Large Cap	Pair Corr
0.68	DPCFX	Delaware Diversified	Pair Corr
0.71	DPFFX	Delaware Diversified	Pair Corr

Moving against Optimum Mutual Fund

0.34

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Pair Corr

Related Correlations Analysis

	PFRMX	ABNAX	ANBIX	LFTAX	ABNOX
PFRMX		0.84	0.84	0.95	0.87	PFRMX
ABNAX	0.84		0.99	0.84	0.95	ABNAX
ANBIX	0.84	0.99		0.82	0.95	ANBIX
LFTAX	0.95	0.84	0.82		0.83	LFTAX
ABNOX	0.87	0.95	0.95	0.83		ABNOX
	PFRMX	ABNAX	ANBIX	LFTAX	ABNOX

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Risk-Adjusted Indicators

There is a big difference between Optimum Mutual Fund performing well and Optimum Large 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 Large'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
PFRMX	0.25	0.07	(0.27)	(2.27)	0.08	(0.32)	0.59	(0.47)	1.65
ABNAX	0.15	0.03	(0.47)	7.67	0.00	(0.19)	0.29	(0.38)	1.05
ANBIX	0.14	0.03	(0.53)	(1.85)	0.00	(0.16)	0.29	(0.29)	0.97
LFTAX	0.29	0.05	(0.26)	2.11	0.22	(0.36)	0.71	(0.50)	2.00
ABNOX	0.14	0.03	(0.54)	(2.24)	0.00	(0.16)	0.29	(0.29)	0.98

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