Optimum Fixed Correlations

Mutual Funds . USA . 
Fund . Optimum Fixed Income
OIFIX Fund  USD 8.19  0.05  0.61%   
The current 90-days correlation between Optimum Fixed Income and Global Gold Fund is 0.1 (i.e., Average diversification). The correlation of Optimum Fixed 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 Fixed Correlation With Market

Modest diversification

The correlation between Optimum Fixed Income and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optimum Fixed Income 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 Fixed Income. 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 gross domestic product.

Moving together with Optimum Mutual Fund

  0.73IMAAX Ivy Apollo MultiPairCorr
  1.0OCFIX Optimum Fixed IncomePairCorr
  0.82OCIEX Optimum InternationalPairCorr
  0.9DMO Western Asset MortgagePairCorr
  0.71CXHYX Delaware National HighPairCorr
  0.61FTOTX First Investors TaxPairCorr
  0.69DLHIX Delaware HealthcarePairCorr
  0.77DLTZX Delaware Limited TermPairCorr
  0.89DLTRX Delaware Limited TermPairCorr
  0.63IPOAX Ivy Emerging MarketsPairCorr
  0.66DMHIX Delaware Minnesota HighPairCorr
  0.67DMNIX Delaware Tax FreePairCorr
  0.62DMTFX Delaware Tax FreePairCorr
  0.74DMUSX Delaware Tax FreePairCorr
  0.65IRSAX Ivy Advantus RealPairCorr
  0.83OIIEX Optimum InternationalPairCorr
  0.63VCTFX Delaware Tax FreePairCorr
  0.99DPCFX Delaware DiversifiedPairCorr
  0.91DPDFX Delaware DiversifiedPairCorr
  0.9DPFFX Delaware DiversifiedPairCorr

Moving against Optimum Mutual Fund

  0.77OASGX Optimum Small MidPairCorr
  0.77OCSGX Optimum Small MidPairCorr
  0.74WSGAX Ivy Small CapPairCorr
  0.66OCLGX Optimum Large CapPairCorr
  0.56OASVX Optimum Small MidPairCorr
  0.56OCSVX Optimum Small MidPairCorr
  0.55WSTAX Ivy Science AndPairCorr
  0.46WCEAX Ivy E EquityPairCorr
  0.69OISGX Optimum Small MidPairCorr
  0.65OISVX Optimum Small MidPairCorr
  0.64OILGX Optimum Large CapPairCorr
  0.44WHIAX Ivy High IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Optimum Mutual Fund performing well and Optimum Fixed 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 Fixed'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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