Optimum Large Correlations

OALGX Fund

USD 21.00 0.03 0.14%

The current 90-days correlation between Optimum Large Cap and Optimum Small Mid Cap is 0.08 (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

Average diversification

The correlation between Optimum Large Cap and DJI is 0.15 (i.e., Average 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

0.77	OCFIX	Optimum Fixed Income	Pair Corr
0.7	OCLVX	Optimum Large Cap	Pair Corr
0.77	OCLGX	Optimum Large Cap	Pair Corr
0.66	DMO	Western Asset Mortgage	Pair Corr
0.64	OILVX	Optimum Large Cap	Pair Corr
0.76	FIZRX	Delaware Opportunity	Pair Corr

Moving against Optimum Mutual Fund

0.51	DLRHX	Delaware Healthcare	Pair Corr
0.49	DLHIX	Delaware Healthcare	Pair Corr
0.43	DLTZX	Delaware Limited Term	Pair Corr
0.38	DLTRX	Delaware Limited Term	Pair Corr
0.33	OIIEX	Optimum International	Pair Corr
0.52	FICHX	First Investors Select	Pair Corr
0.41	DTINX	Delaware Limited Term	Pair Corr
0.4	DPRDX	Real Estate	Pair Corr
0.39	DPRSX	Delaware Reit	Pair Corr
0.39	DPRRX	Delaware Reit	Pair Corr
0.44	DDFFX	Delaware Floating Rate	Pair Corr
0.42	DUGIX	Delaware Strategic Income	Pair Corr
0.42	DDFLX	Delaware Floating Rate	Pair Corr
0.35	DULTX	Delaware Investments	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX	OCSVX	DMO	DLHIX
OASGX		0.56	0.1	0.64	0.31	0.04	0.69	0.46	-0.3	0.46	OASGX
OASVX	0.56		0.51	0.31	0.66	0.52	0.55	0.99	0.07	-0.17	OASVX
OCFIX	0.1	0.51		-0.31	0.8	0.88	0.45	0.62	0.78	-0.53	OCFIX
OCIEX	0.64	0.31	-0.31		0.0	-0.3	0.35	0.19	-0.54	0.35	OCIEX
OCLVX	0.31	0.66	0.8	0.0		0.77	0.73	0.72	0.45	-0.26	OCLVX
OCLGX	0.04	0.52	0.88	-0.3	0.77		0.43	0.64	0.71	-0.65	OCLGX
OCSGX	0.69	0.55	0.45	0.35	0.73	0.43		0.53	0.05	0.09	OCSGX
OCSVX	0.46	0.99	0.62	0.19	0.72	0.64	0.53		0.22	-0.3	OCSVX
DMO	-0.3	0.07	0.78	-0.54	0.45	0.71	0.05	0.22		-0.65	DMO
DLHIX	0.46	-0.17	-0.53	0.35	-0.26	-0.65	0.09	-0.3	-0.65		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	+ 0.99	OASVX
OCLGX	+ 0.88	OCFIX
OCLVX	+ 0.8	OCFIX
DMO	+ 0.78	OCFIX
OCLGX	+ 0.77	OCLVX
OCSGX	+ 0.73	OCLVX

High negative correlations

DLHIX	- 0.65	DMO
DLHIX	- 0.65	OCLGX
DMO	- 0.54	OCIEX
DLHIX	- 0.53	OCFIX
OCIEX	- 0.31	OCFIX
DLHIX	- 0.3	OCSVX

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
OASGX	1.02	0.04	(0.02)	(1.67)	1.30	(1.11)	2.08	(2.06)	5.54
OASVX	0.73	(0.06)	0.00	(2.15)	0.00	0.00	1.69	(1.59)	6.74
OCFIX	0.17	(0.03)	0.00	4.04	0.00	0.00	0.33	(0.33)	2.00
OCIEX	0.60	0.03	(0.04)	0.28	0.82	(0.60)	1.25	(1.26)	3.61
OCLVX	0.57	(0.07)	0.00	(0.05)	0.00	0.00	0.96	(1.07)	6.30
OCLGX	1.27	(0.26)	0.00	0.46	0.00	0.00	1.74	(2.24)	24.57
OCSGX	1.07	(0.11)	0.00	(0.01)	0.00	0.00	2.05	(2.17)	6.28
OCSVX	0.75	(0.08)	0.00	(1.58)	0.00	0.00	1.59	(1.66)	7.64
DMO	0.50	(0.09)	0.00	(0.62)	0.00	0.00	0.91	(1.02)	3.85
DLHIX	0.83	0.38	0.36	(4.48)	0.12	(1.04)	2.07	(1.00)	6.65

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