Optimum Large Correlations

Mutual Funds . USA . 
Fund . Optimum Large Cap
OCLGX Fund  USD 13.84  0.16  1.17%   
The current 90-days correlation between Optimum Large Cap and American Century Etf is 0.22 (i.e., Modest 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

Modest diversification

The correlation between Optimum Large Cap and DJI is 0.28 (i.e., Modest 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

  0.62OASGX Optimum Small MidPairCorr
  0.96OASVX Optimum Small MidPairCorr
  0.81IMAAX Ivy Apollo MultiPairCorr
  0.65OCFIX Optimum Fixed IncomePairCorr
  0.88WASAX Ivy Asset StrategyPairCorr
  0.91WSGAX Ivy Small CapPairCorr
  0.93OCLVX Optimum Large CapPairCorr
  0.64OCSGX Optimum Small MidPairCorr
  0.96OCSVX Optimum Small MidPairCorr
  0.65WSTAX Ivy Science AndPairCorr
  0.64CXHYX Delaware National HighPairCorr
  0.93WCEAX Ivy E EquityPairCorr
  0.7FTNYX Delaware Tax FreePairCorr
  0.68FTORX First Investors TaxPairCorr
  0.67FTOTX First Investors TaxPairCorr
  0.73DLHIX Delaware HealthcarePairCorr
  0.74DLHCX Delaware HealthcarePairCorr
  0.74DLHAX Delaware HealthcarePairCorr
  0.74DLRHX Delaware HealthcarePairCorr
  0.69DMHIX Delaware Minnesota HighPairCorr
  0.74DMOCX Delaware Tax FreePairCorr
  0.71DMNIX Delaware Tax FreePairCorr
  0.79DMTFX Delaware Tax FreePairCorr
  0.66DMUSX Delaware Tax FreePairCorr
  0.77VAZIX Delaware Tax FreePairCorr
  0.93IRSAX Ivy Advantus RealPairCorr
  0.97OILGX Optimum Large CapPairCorr
  0.92OILVX Optimum Large CapPairCorr
  0.63VCTFX Delaware Tax FreePairCorr
  0.63DPCFX Delaware DiversifiedPairCorr

Moving against Optimum Mutual Fund

  0.43DLTZX Delaware Limited TermPairCorr
  0.4DLTRX Delaware Limited TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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