Optimum Large Correlations

OCLGX Fund

USD 11.61 0.12 1.04%

The current 90-days correlation between Optimum Large Cap and Tax Managed Large Cap is 0.18 (i.e., Average 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

Poor diversification

The correlation between Optimum Large Cap and DJI is 0.71 (i.e., Poor 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 census.

Moving together with Optimum Mutual Fund

0.81	OASGX	Optimum Small Mid	Pair Corr
0.77	OASVX	Optimum Small Mid	Pair Corr
0.62	OCIEX	Optimum International	Pair Corr
0.83	OCLVX	Optimum Large Cap	Pair Corr
0.83	OCSGX	Optimum Small Mid	Pair Corr
0.79	OCSVX	Optimum Small Mid	Pair Corr
0.7	DLHIX	Delaware Healthcare	Pair Corr
0.71	DLRHX	Delaware Healthcare	Pair Corr
0.82	OILVX	Optimum Large Cap	Pair Corr
0.62	OISGX	Optimum Small Mid	Pair Corr
0.84	FICGX	First Investors Select	Pair Corr
0.67	FIZRX	Delaware Opportunity	Pair Corr
0.73	DCCIX	Delaware Small Cap	Pair Corr
0.73	DCCRX	Delaware Small Cap	Pair Corr
0.63	DUGRX	Delaware Strategic Income	Pair Corr
0.62	DUGIX	Delaware Strategic Income	Pair Corr

Moving against Optimum Mutual Fund

0.65

DMO

Western Asset Mortgage

Pair Corr

Related Correlations Analysis

	CBLSX	PCLVX	AMONX	MTCGX	TFCCX	DLCIX	VAAGX	RTLCX
CBLSX		0.98	0.98	0.83	0.88	0.86	0.97	0.6	CBLSX
PCLVX	0.98		0.96	0.81	0.87	0.85	0.95	0.59	PCLVX
AMONX	0.98	0.96		0.8	0.77	0.82	0.96	0.6	AMONX
MTCGX	0.83	0.81	0.8		0.71	0.96	0.84	0.62	MTCGX
TFCCX	0.88	0.87	0.77	0.71		0.78	0.81	0.56	TFCCX
DLCIX	0.86	0.85	0.82	0.96	0.78		0.86	0.61	DLCIX
VAAGX	0.97	0.95	0.96	0.84	0.81	0.86		0.66	VAAGX
RTLCX	0.6	0.59	0.6	0.62	0.56	0.61	0.66		RTLCX
	CBLSX	PCLVX	AMONX	MTCGX	TFCCX	DLCIX	VAAGX	RTLCX

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
CBLSX	0.78	0.29	0.32	0.55	0.09	(0.99)	1.54	(1.09)	14.41
PCLVX	0.71	0.31	0.39	0.67	0.00	(0.89)	1.35	(1.15)	13.58
AMONX	1.22	0.53	0.44	1.37	0.25	(1.62)	1.42	(1.68)	33.19
MTCGX	1.18	0.34	0.26	0.61	0.70	(1.44)	1.48	(1.84)	29.28
TFCCX	0.55	0.20	0.11	(1.02)	0.46	(0.64)	1.29	(0.96)	5.20
DLCIX	0.91	0.33	0.30	0.79	0.33	(1.09)	1.17	(1.24)	23.01
VAAGX	0.82	0.14	0.17	0.24	0.52	(1.08)	1.73	(1.44)	12.28
RTLCX	0.54	0.06	(0.06)	(0.33)	0.71	(0.54)	1.13	(1.19)	3.43

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