Ohio Variable Correlations

BZDCX Fund

USD 16.55 0.13 0.78%

The current 90-days correlation between Ohio Variable College and Aqr Diversified Arbitrage is -0.21 (i.e., Very good diversification). The correlation of Ohio Variable 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.

Ohio Variable Correlation With Market

Very good diversification

The correlation between Ohio Variable College and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ohio Variable College 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 Ohio Variable College. 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 main economic indicators.

Moving together with Ohio Mutual Fund

0.83	VTSAX	Vanguard Total Stock	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.83	VTSMX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.83	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VSMPX	Vanguard Total Stock	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.65	HD	Home Depot	Pair Corr

Moving against Ohio Mutual Fund

0.56	RYAFX	Inverse Russell 2000	Pair Corr
0.44	MRK	Merck Company Sell-off Trend	Pair Corr

Related Correlations Analysis

	QDARX	GPTCX	WDIAX	JABJX	CDBCX	PFCOX	BICPX	EKSYX
QDARX		0.47	0.39	0.52	0.61	0.68	0.45	0.66	QDARX
GPTCX	0.47		0.92	0.96	0.65	0.89	0.97	0.94	GPTCX
WDIAX	0.39	0.92		0.81	0.4	0.72	0.83	0.86	WDIAX
JABJX	0.52	0.96	0.81		0.83	0.97	0.99	0.9	JABJX
CDBCX	0.61	0.65	0.4	0.83		0.9	0.78	0.64	CDBCX
PFCOX	0.68	0.89	0.72	0.97	0.9		0.94	0.88	PFCOX
BICPX	0.45	0.97	0.83	0.99	0.78	0.94		0.9	BICPX
EKSYX	0.66	0.94	0.86	0.9	0.64	0.88	0.9		EKSYX
	QDARX	GPTCX	WDIAX	JABJX	CDBCX	PFCOX	BICPX	EKSYX

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Risk-Adjusted Indicators

There is a big difference between Ohio Mutual Fund performing well and Ohio Variable 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 Ohio Variable'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
QDARX	0.08	0.03	1.27	1.08	0.00	(0.13)	0.25	(0.08)	0.49
GPTCX	0.32	0.01	0.00	(0.08)	0.00	0.00	0.62	(0.62)	1.79
WDIAX	0.66	0.02	0.00	(0.08)	0.00	0.00	1.23	(1.48)	3.64
JABJX	0.21	0.00	0.00	(0.12)	0.00	0.00	0.49	(0.30)	1.19
CDBCX	0.25	(0.01)	0.00	(0.38)	0.00	0.00	0.56	(0.44)	1.34
PFCOX	0.18	0.01	0.00	(0.07)	0.00	0.00	0.42	(0.41)	1.16
BICPX	0.24	0.00	0.00	(0.13)	0.00	0.00	0.54	(0.45)	1.55
EKSYX	0.31	0.02	0.23	(0.03)	0.38	(0.35)	0.52	(0.51)	1.70

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