Vy Oppenheimer Correlations
| IGMSX Fund | USD 8.14 0.07 0.87% |
The current 90-days correlation between Vy Oppenheimer Global and Inverse Government Long is -0.04 (i.e., Good diversification). The correlation of Vy Oppenheimer 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.
IGMSX |
Moving together with IGMSX Mutual Fund
| 0.79 | WARCX | Wells Fargo Advantage | PairCorr |
| 0.67 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.77 | HD | Home Depot | PairCorr |
| 0.63 | T | ATT Inc Earnings Call This Week | PairCorr |
Moving against IGMSX Mutual Fund
| 0.58 | GAAKX | Gmo Alternative Allo | PairCorr |
| 0.58 | GAAGX | Gmo Alternative Allo | PairCorr |
| 0.52 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.25 | -0.63 | 0.0 | 0.24 | -0.23 | RYAQX | ||
| 0.25 | 0.33 | 0.0 | 0.87 | 0.84 | TWARX | ||
| -0.63 | 0.33 | 0.0 | 0.44 | 0.7 | SMAAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | IVMXX | ||
| 0.24 | 0.87 | 0.44 | 0.0 | 0.78 | DPIGX | ||
| -0.23 | 0.84 | 0.7 | 0.0 | 0.78 | PYUSX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between IGMSX Mutual Fund performing well and Vy Oppenheimer 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 Vy Oppenheimer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RYAQX | 0.67 | 0.12 | 0.11 | (0.71) | 0.68 | 1.52 | 5.22 | |||
| TWARX | 0.07 | (0.01) | (0.21) | (0.58) | 0.04 | 0.22 | 0.67 | |||
| SMAAX | 0.16 | (0.03) | 0.00 | (0.71) | 0.00 | 0.20 | 1.40 | |||
| IVMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DPIGX | 0.05 | 0.00 | (0.17) | (0.20) | 0.00 | 0.21 | 0.42 | |||
| PYUSX | 0.11 | (0.01) | (0.17) | (0.38) | 0.13 | 0.32 | 0.75 |