Optimum Fixed Correlations

Mutual Funds . USA . 
Fund . Optimum Fixed Income
OCFIX Fund  USD 8.91  0.03  0.34%   
The current 90-days correlation between Optimum Fixed Income and Sprott Gold Equity is -0.02 (i.e., Good 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 0.64 (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

  0.62DLTZX Delaware Limited TermPairCorr
  0.68DLTRX Delaware Limited TermPairCorr
  0.66DMHIX Delaware Minnesota HighPairCorr
  0.66DMNIX Delaware Tax FreePairCorr
  0.65OIIEX Optimum InternationalPairCorr
  0.87DPFFX Delaware DiversifiedPairCorr
  0.63OISGX Optimum Small MidPairCorr
  0.64OISVX Optimum Small MidPairCorr
  0.66DPRSX Delaware ReitPairCorr
  0.66DPRRX Delaware ReitPairCorr
  0.89DPRFX Delaware DiversifiedPairCorr
  0.66DPRDX Real EstatePairCorr
  0.87DPZRX Delaware DiversifiedPairCorr
  0.64FIZRX Delaware OpportunityPairCorr
  0.64DTINX Delaware Limited TermPairCorr
  0.66DCCIX Delaware Small CapPairCorr
  0.66DCCRX Delaware Small CapPairCorr
  0.61DUGRX Delaware Strategic IncomePairCorr

Moving against Optimum Mutual Fund

  0.43DMO Western Asset MortgagePairCorr

Related Correlations Analysis


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.

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