Oberweis Funds Correlations

Mutual Funds . USA . 
Fund . Oberweis Funds
OFIGX Fund  USD 11.29  0.03  0.27%   
The current 90-days correlation between Oberweis Funds and Precious Metals And is 0.02 (i.e., Significant diversification). The correlation of Oberweis Funds 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 Funds Correlation With Market

Good diversification

The correlation between Oberweis Funds and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oberweis Funds 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 Funds . 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 Oberweis Mutual Fund

  0.94OBCHX Oberweis China OpporPairCorr
  0.91OBIIX Oberweis InternationalPairCorr
  0.91OBIOX Oberweis InternationalPairCorr
  0.94OCHIX Oberweis China OpporPairCorr
  0.76RERFX Europacific GrowthPairCorr
  0.77AEPFX Europacific GrowthPairCorr
  0.77CEUAX Europacific GrowthPairCorr
  0.75CEUCX Europacific GrowthPairCorr
  0.76RERCX Europacific GrowthPairCorr
  0.76REREX Europacific GrowthPairCorr
  0.77RERGX Europacific GrowthPairCorr
  0.75CEUFX Europacific GrowthPairCorr
  0.76CEUEX Europacific GrowthPairCorr
  0.75RERAX Europacific GrowthPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.81BKMIX Blackrock Multi AssetPairCorr
  0.92PEBIX Emerging Markets BondPairCorr
  0.85FHBRX Federated High IncomePairCorr
  0.76LAIIX Lord Abbett IntermediatePairCorr
  0.87JDFNX Janus Flexible BondPairCorr
  0.95ETSIX Eaton Vance ShortPairCorr
  0.89JMKIX Emerging Markets DebtPairCorr

Moving against Oberweis Mutual Fund

  0.69OMCIX Oberweis Micro CapPairCorr
  0.65OBEGX Oberweis Emerging GrowthPairCorr
  0.65OBGIX Oberweis Emerging GrowthPairCorr
  0.65OBMCX Oberweis Micro CapPairCorr
  0.57OBSIX Oberweis Small CapPairCorr
  0.57OBSOX Oberweis Small CapPairCorr
  0.41VSMPX Vanguard Total StockPairCorr
  0.41VITSX Vanguard Total StockPairCorr
  0.38VFINX Vanguard 500 IndexPairCorr
  0.38VFFSX Vanguard 500 IndexPairCorr
  0.36VTSAX Vanguard Total StockPairCorr
  0.36VTSMX Vanguard Total StockPairCorr
  0.35VSTSX Vanguard Total StockPairCorr
  0.32VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oberweis Mutual Fund performing well and Oberweis Funds 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 Funds' 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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