Osterweis Strategic Correlations

OSTIX Fund

USD 11.23 0.03 0.27%

The current 90-days correlation between Osterweis Strategic and Guidemark E Fixed is -0.04 (i.e., Good diversification). The correlation of Osterweis Strategic 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.

Osterweis Strategic Correlation With Market

Significant diversification

The correlation between Osterweis Strategic Income and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Osterweis Strategic 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 Osterweis Strategic 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 Osterweis Mutual Fund

0.62	VWEAX	Vanguard High Yield	Pair Corr
0.65	BHYAX	Blackrock High Yield	Pair Corr
0.74	FAHHX	American Funds American	Pair Corr
0.74	FTAHX	American Funds American	Pair Corr
0.71	AHTFX	American High Income	Pair Corr
0.7	AHTCX	American High Income	Pair Corr
0.78	DFIVX	Dfa International Value	Pair Corr
0.78	PLDAX	Low Duration	Pair Corr
0.92	ARBFX	The Arbitrage	Pair Corr
0.85	MDEFX	Blackrock Eurofd	Pair Corr
0.77	SRYRX	Simt Real Return	Pair Corr
0.85	KAMAX	Kensington Managed Income	Pair Corr
0.68	DINAX	Global Fixed Income	Pair Corr
0.71	AGDIX	Ab High Income	Pair Corr
0.89	EAFHX	Eaton Vance Floating	Pair Corr
0.68	EVV	Eaton Vance Limited	Pair Corr
0.78	RXRPX	American Funds Retirement	Pair Corr

Moving against Osterweis Mutual Fund

0.58	OSTGX	Osterweis Emerging	Pair Corr
0.31	OSTFX	Osterweis Fund Investor	Pair Corr
0.7	PQTAX	Pimco Trends Managed	Pair Corr
0.69	PQTNX	Pimco Trends Managed	Pair Corr
0.6	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	GMCOX	OPTCX	DIHRX	FITSX	REMVX	RYVLX	BUFHX
GMCOX		0.3	0.69	0.91	0.76	0.55	0.18	GMCOX
OPTCX	0.3		0.58	0.28	0.43	0.24	0.71	OPTCX
DIHRX	0.69	0.58		0.71	0.89	0.46	0.74	DIHRX
FITSX	0.91	0.28	0.71		0.71	0.47	0.2	FITSX
REMVX	0.76	0.43	0.89	0.71		0.62	0.47	REMVX
RYVLX	0.55	0.24	0.46	0.47	0.62		0.01	RYVLX
BUFHX	0.18	0.71	0.74	0.2	0.47	0.01		BUFHX
	GMCOX	OPTCX	DIHRX	FITSX	REMVX	RYVLX	BUFHX

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Risk-Adjusted Indicators

There is a big difference between Osterweis Mutual Fund performing well and Osterweis Strategic 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 Osterweis Strategic'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
GMCOX	0.23	0.02	0.09	(0.47)	0.17	(0.29)	0.61	(0.49)	1.24
OPTCX	0.09	0.01	0.05	(0.95)	0.00	(0.17)	0.21	(0.21)	0.93
DIHRX	0.53	0.10	0.13	0.23	0.57	(0.60)	1.16	(0.99)	3.68
FITSX	0.26	0.03	0.09	0.31	0.24	(0.32)	0.57	(0.46)	1.60
REMVX	0.64	0.06	0.07	0.14	0.73	(0.73)	1.47	(1.38)	3.39
RYVLX	1.80	(0.03)	0.00	(0.03)	0.00	0.00	3.29	(4.15)	10.90
BUFHX	0.08	0.02	0.20	11.37	0.00	(0.12)	0.19	(0.09)	0.57

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