Optimum Fixed Correlations

OAFIX Fund

USD 8.37 0.03 0.36%

The current 90-days correlation between Optimum Fixed Income and Delaware Healthcare Fund is 0.27 (i.e., Modest 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

Poor diversification

The correlation between Optimum Fixed Income and DJI is 0.75 (i.e., Poor 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

0.71	OASGX	Optimum Small Mid	Pair Corr
0.74	OASVX	Optimum Small Mid	Pair Corr
0.94	OCFIX	Optimum Fixed Income	Pair Corr
0.79	OCIEX	Optimum International	Pair Corr
0.74	OCLVX	Optimum Large Cap	Pair Corr
0.71	OCSGX	Optimum Small Mid	Pair Corr
0.73	OCSVX	Optimum Small Mid	Pair Corr
0.69	DLHIX	Delaware Healthcare	Pair Corr
0.68	DLRHX	Delaware Healthcare	Pair Corr
0.74	DLTZX	Delaware Limited Term	Pair Corr
0.79	DLTRX	Delaware Limited Term	Pair Corr
0.77	DMHIX	Delaware Minnesota High	Pair Corr
0.77	DMNIX	Delaware Tax Free	Pair Corr
0.79	OIIEX	Optimum International	Pair Corr
0.75	OILVX	Optimum Large Cap	Pair Corr
0.85	DPFFX	Delaware Diversified	Pair Corr
0.69	OISGX	Optimum Small Mid	Pair Corr
0.77	OISVX	Optimum Small Mid	Pair Corr
0.79	DPRSX	Delaware Reit	Pair Corr
0.79	DPRRX	Delaware Reit	Pair Corr
0.86	DPRFX	Delaware Diversified	Pair Corr
0.79	DPRDX	Real Estate	Pair Corr
0.88	DPZRX	Delaware Diversified	Pair Corr
0.65	FICHX	First Investors Select	Pair Corr
0.7	FICGX	First Investors Select	Pair Corr
0.75	DTINX	Delaware Limited Term	Pair Corr
0.79	DCCIX	Delaware Small Cap	Pair Corr
0.79	DCCRX	Delaware Small Cap	Pair Corr
0.68	DCOIX	Delaware Tax Free	Pair Corr
0.77	DUGRX	Delaware Strategic Income	Pair Corr
0.71	DULTX	Delaware Investments	Pair Corr
0.79	DCZRX	Delaware Small Cap	Pair Corr

Moving against Optimum Mutual Fund

0.55

DMO

Western Asset Mortgage

Pair Corr

Related Correlations Analysis

	OASGX	OASVX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX	OCSVX	DMO	DLHIX
OASGX		0.94	0.61	0.86	0.93	0.86	0.99	0.94	-0.87	0.87	OASGX
OASVX	0.94		0.6	0.88	0.99	0.91	0.96	1.0	-0.85	0.88	OASVX
OCFIX	0.61	0.6		0.66	0.61	0.45	0.6	0.59	-0.41	0.56	OCFIX
OCIEX	0.86	0.88	0.66		0.89	0.72	0.86	0.88	-0.69	0.75	OCIEX
OCLVX	0.93	0.99	0.61	0.89		0.92	0.95	0.99	-0.86	0.87	OCLVX
OCLGX	0.86	0.91	0.45	0.72	0.92		0.9	0.92	-0.86	0.79	OCLGX
OCSGX	0.99	0.96	0.6	0.86	0.95	0.9		0.96	-0.89	0.88	OCSGX
OCSVX	0.94	1.0	0.59	0.88	0.99	0.92	0.96		-0.86	0.87	OCSVX
DMO	-0.87	-0.85	-0.41	-0.69	-0.86	-0.86	-0.89	-0.86		-0.91	DMO
DLHIX	0.87	0.88	0.56	0.75	0.87	0.79	0.88	0.87	-0.91		DLHIX
	OASGX	OASVX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX	OCSVX	DMO	DLHIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OCSVX	+ 1.0	OASVX
OCSGX	+ 0.99	OASGX
OCLVX	+ 0.99	OASVX
OCSVX	+ 0.99	OCLVX
OCSGX	+ 0.96	OASVX
OCSVX	+ 0.96	OCSGX

High negative correlations

DLHIX	- 0.91	DMO
DMO	- 0.89	OCSGX
DMO	- 0.87	OASGX
DMO	- 0.86	OCSVX
DMO	- 0.86	OCLGX
DMO	- 0.86	OCLVX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OASGX	1.07	0.02	0.04	0.09	1.08	(1.31)	2.27	(1.91)	7.11
OASVX	0.88	0.20	0.26	0.25	0.39	(1.09)	2.60	(1.15)	11.18
OCFIX	0.15	0.00	(0.38)	0.04	0.12	(0.19)	0.34	(0.34)	0.68
OCIEX	0.63	0.06	0.04	0.16	0.65	(0.66)	1.58	(1.44)	3.48
OCLVX	0.62	0.18	0.26	0.29	0.13	(0.81)	1.25	(0.97)	10.42
OCLGX	2.64	0.64	0.17	0.39	2.99	(3.27)	2.43	(2.27)	103.56
OCSGX	1.11	0.05	0.07	0.12	1.04	(1.39)	2.35	(2.02)	10.00
OCSVX	0.91	0.22	0.28	0.27	0.35	(1.17)	2.56	(1.23)	13.04
DMO	0.49	(0.07)	0.00	(0.34)	0.00	0.00	1.09	(1.19)	3.82
DLHIX	0.91	0.24	0.26	0.41	0.46	(1.19)	2.19	(1.17)	7.47

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