Omni Small-cap Correlations

Mutual Funds . USA . 
Fund . Omni Small Cap Value
BOSVX Fund  USD 21.65  0.31  1.45%   
The current 90-days correlation between Omni Small Cap and Rational Strategic Allocation is 0.65 (i.e., Poor diversification). The correlation of Omni Small-cap 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.

Omni Small-cap Correlation With Market

Very poor diversification

The correlation between Omni Small Cap Value and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Omni Small Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Omni Small Cap Value. 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 real.

Moving together with Omni Mutual Fund

  0.83BRAGX Aggressive InvestorsPairCorr
  0.93BRSIX Ultra-small CompanyPairCorr
  0.99BRSVX Small Cap ValuePairCorr
  0.96BRUSX Ultra-small CompanyPairCorr
  0.94VSIIX Vanguard Small CapPairCorr
  0.94VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr
  0.98DFFVX Us Targeted ValuePairCorr
  0.98UBVCX Undiscovered ManagersPairCorr
  0.98UBVAX Undiscovered ManagersPairCorr
  0.98UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.67FTYPX Fidelity Freedom IndexPairCorr
  0.64FFBTX Fidelity Freedom BlendPairCorr
  0.99GCAVX Gmo Small CapPairCorr
  0.61GQLOX Gmo Quality FundPairCorr
  0.87GMCQX Gmo Equity AllocationPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.74PAHHX T Rowe PricePairCorr
  0.68RQECX Resq Dynamic AllocationPairCorr
  0.84VTSMX Vanguard Total StockPairCorr
  0.82VFIAX Vanguard 500 IndexPairCorr
  0.82INDEX Sp 500 EqualPairCorr
  0.72LLPFX Longleaf PartnersPairCorr
  0.85GAB Gabelli Equity TrustPairCorr
  0.81FPURX Fidelity PuritanPairCorr
  0.85LTFOX Lord Abbett AffiliatedPairCorr
  0.83FBALX Fidelity BalancedPairCorr
  0.62FEMDX Franklin Emerging MarketPairCorr
  0.81VIGAX Vanguard Growth IndexPairCorr
  0.81AGTHX Growth FundPairCorr

Moving against Omni Mutual Fund

  0.65GABFX Gmo Asset AllocationPairCorr
  0.38GAAVX Gmo Alternative AlloPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Omni Mutual Fund performing well and Omni Small-cap 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 Omni Small-cap'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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