Optimum Large Correlations

OILGX Fund

USD 22.41 0.12 0.54%

The current 90-days correlation between Optimum Large Cap and Prudential Core Conservative is 0.05 (i.e., Significant 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

Poor diversification

The correlation between Optimum Large Cap and DJI is 0.63 (i.e., Poor 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

0.96	OASGX	Optimum Small Mid	Pair Corr
0.93	OASVX	Optimum Small Mid	Pair Corr
0.96	WSGAX	Ivy Small Cap	Pair Corr
1.0	OCLGX	Optimum Large Cap	Pair Corr
0.96	OCSGX	Optimum Small Mid	Pair Corr
0.93	OCSVX	Optimum Small Mid	Pair Corr
0.92	WSTAX	Ivy Science And	Pair Corr
0.89	WCEAX	Ivy E Equity	Pair Corr

Moving against Optimum Mutual Fund

0.77	DLTZX	Delaware Limited Term	Pair Corr
0.75	DLTRX	Delaware Limited Term	Pair Corr
0.68	OCFIX	Optimum Fixed Income	Pair Corr
0.51	DMO	Western Asset Mortgage	Pair Corr
0.38	OCIEX	Optimum International	Pair Corr
0.71	DPFFX	Delaware Diversified	Pair Corr
0.7	OIFIX	Optimum Fixed Income	Pair Corr
0.68	DPDFX	Delaware Diversified	Pair Corr
0.67	DPCFX	Delaware Diversified	Pair Corr
0.67	DPRFX	Delaware Diversified	Pair Corr
0.39	OIIEX	Optimum International	Pair Corr

Related Correlations Analysis

	PQCNX	QDARX	BICPX	MDBLX	DIFIX	DLTZX
PQCNX		0.87	0.74	0.99	0.95	0.95	PQCNX
QDARX	0.87		0.62	0.89	0.84	0.95	QDARX
BICPX	0.74	0.62		0.76	0.89	0.69	BICPX
MDBLX	0.99	0.89	0.76		0.95	0.95	MDBLX
DIFIX	0.95	0.84	0.89	0.95		0.91	DIFIX
DLTZX	0.95	0.95	0.69	0.95	0.91		DLTZX
	PQCNX	QDARX	BICPX	MDBLX	DIFIX	DLTZX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PQCNX	0.25	0.02	0.25	0.35	0.22	(0.30)	0.59	(0.47)	1.43
QDARX	0.08	0.04	0.89	1.36	0.00	(0.13)	0.25	(0.08)	0.49
BICPX	0.24	0.01	0.16	(0.02)	0.31	(0.30)	0.54	(0.45)	1.55
MDBLX	0.23	0.02	0.31	0.31	0.15	(0.30)	0.50	(0.38)	1.38
DIFIX	0.28	0.02	0.16	0.01	0.35	(0.33)	0.58	(0.57)	1.51
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64

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