Oberweis International Correlations

OBIOX Fund

USD 19.31 0.11 0.57%

The current 90-days correlation between Oberweis International and Oberweis China Opportunities is 0.33 (i.e., Weak diversification). The correlation of Oberweis International 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.

Oberweis International Correlation With Market

Very weak diversification

The correlation between Oberweis International Opportu and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oberweis International Opportu 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 Oberweis International Opportunities. 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 persons.

Moving together with Oberweis Mutual Fund

1.0	OBIIX	Oberweis International	Pair Corr
0.88	OSMYX	Oppenheimer Intl Small	Pair Corr
0.88	OSCIX	Oppenheimer Intl Small	Pair Corr
0.87	OSMNX	Oppenheimer Intl Small	Pair Corr
0.89	TIDDX	T Rowe Price	Pair Corr
0.93	MIDGX	Mfs International New	Pair Corr
0.94	MIDHX	Mfs International New	Pair Corr
0.93	MIDRX	Mfs International New	Pair Corr
0.91	VGTSX	Vanguard Total Inter	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.7	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.76	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Oberweis Mutual Fund

0.32	VTSAX	Vanguard Total Stock	Pair Corr
0.32	VTSMX	Vanguard Total Stock	Pair Corr
0.32	VSMPX	Vanguard Total Stock	Pair Corr
0.32	VSTSX	Vanguard Total Stock	Pair Corr
0.32	VITSX	Vanguard Total Stock	Pair Corr
0.31	OBMCX	Oberweis Micro Cap	Pair Corr
0.31	OMCIX	Oberweis Micro Cap	Pair Corr
0.67	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.64	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.55	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.51	WMT	Walmart Aggressive Push	Pair Corr
0.49	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.46	BDJ	Blackrock Enhanced Equity	Pair Corr
0.33	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	OBCHX	OBMCX	WAIGX	ARTRX	HDPSX
OBCHX		0.26	0.2	0.63	0.23	OBCHX
OBMCX	0.26		-0.33	0.8	0.98	OBMCX
WAIGX	0.2	-0.33		0.08	-0.43	WAIGX
ARTRX	0.63	0.8	0.08		0.77	ARTRX
HDPSX	0.23	0.98	-0.43	0.77		HDPSX
	OBCHX	OBMCX	WAIGX	ARTRX	HDPSX

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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

HDPSX	+ 0.98	OBMCX
ARTRX	+ 0.8	OBMCX
HDPSX	+ 0.77	ARTRX
ARTRX	+ 0.63	OBCHX
OBMCX	+ 0.26	OBCHX
HDPSX	+ 0.23	OBCHX

High negative correlations

HDPSX	- 0.43	WAIGX
WAIGX	- 0.33	OBMCX

Risk-Adjusted Indicators

There is a big difference between Oberweis Mutual Fund performing well and Oberweis International 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 Oberweis International'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
OBCHX	1.44	0.07	(0.01)	0.39	2.14	(1.48)	3.71	(2.62)	12.10
OBMCX	1.08	0.01	0.05	0.13	1.15	(1.16)	2.40	(2.01)	6.14
WAIGX	0.70	(0.08)	(0.15)	(0.02)	0.84	(0.73)	1.53	(1.33)	4.11
ARTRX	0.62	(0.02)	(0.06)	0.10	0.84	(0.63)	1.30	(1.34)	4.62
HDPSX	0.89	0.03	0.07	0.15	0.87	(1.01)	1.81	(1.36)	6.84

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