Omni Small-cap Correlations

BOSVX Fund

USD 16.84 0.34 2.06%

The current 90-days correlation between Omni Small Cap and Calvert Short Duration is 0.24 (i.e., Modest 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

Poor diversification

The correlation between Omni Small Cap Value and DJI is 0.69 (i.e., 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

0.86	BRAGX	Aggressive Investors	Pair Corr
0.95	BRSIX	Ultra-small Company	Pair Corr
1.0	BRSVX	Small Cap Value	Pair Corr
0.93	BRUSX	Ultra-small Company	Pair Corr
0.97	VSIIX	Vanguard Small Cap	Pair Corr
0.97	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.98	DFFVX	Us Targeted Value	Pair Corr
0.94	UBVCX	Undiscovered Managers	Pair Corr
0.94	UBVAX	Undiscovered Managers	Pair Corr
0.94	UBVSX	Undiscovered Managers	Pair Corr
0.93	AVFIX	American Beacon Small	Pair Corr

Moving against Omni Mutual Fund

0.73	LIRRX	Lord Abbett International	Pair Corr
0.62	RIGEX	International Growth And	Pair Corr
0.6	DLDFX	Destinations Low Duration	Pair Corr
0.6	EBSFX	Eubel Brady Suttman	Pair Corr
0.45	HTD	John Hancock Tax	Pair Corr
0.41	MRCZX	Massmutual Retiresmart	Pair Corr
0.82	GF	New Germany Closed	Pair Corr
0.79	VSGDX	Vanguard Short Term	Pair Corr
0.77	CIHCX	Cullen International High	Pair Corr
0.71	ARBOX	Absolute Convertible	Pair Corr
0.71	USGDX	Morgan Stanley Government	Pair Corr
0.69	HRBDX	Harbor Bond Fund	Pair Corr
0.68	EMBAX	Unconstrained Emerging	Pair Corr
0.66	MEERX	Massmutual Premier	Pair Corr

Related Correlations Analysis

	CDICX	DMBAX	FUEMX	FMUUX	AOUNX	BXDCX	ATOAX
CDICX		0.96	0.95	0.97	0.98	0.99	0.93	CDICX
DMBAX	0.96		0.97	0.98	0.95	0.94	0.91	DMBAX
FUEMX	0.95	0.97		0.99	0.98	0.95	0.98	FUEMX
FMUUX	0.97	0.98	0.99		0.98	0.97	0.96	FMUUX
AOUNX	0.98	0.95	0.98	0.98		0.99	0.98	AOUNX
BXDCX	0.99	0.94	0.95	0.97	0.99		0.95	BXDCX
ATOAX	0.93	0.91	0.98	0.96	0.98	0.95		ATOAX
	CDICX	DMBAX	FUEMX	FMUUX	AOUNX	BXDCX	ATOAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CDICX	0.08	0.01	0.67	0.60	(0.12)	0.26	(0.13)	0.58
DMBAX	0.06	0.00	0.54	(0.07)	(0.10)	0.16	(0.08)	0.31
FUEMX	0.04	0.00	0.00	(1.27)	0.00	0.10	(0.10)	0.40
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.10	0.00	0.40
AOUNX	0.05	0.01	0.00	1.45	0.00	0.10	(0.10)	0.52
BXDCX	0.08	0.01	0.65	1.03	(0.15)	0.22	(0.11)	0.54
ATOAX	0.02	0.00	0.00	0.19	0.00	0.00	0.00	0.30

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