Ocm Mutual Correlations

OCMAX Fund

USD 15.65 0.49 3.23%

The current 90-days correlation between Ocm Mutual Fund and Ocm Mutual Fund is 1.0 (i.e., No risk reduction). The correlation of Ocm Mutual 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.

Ocm Mutual Correlation With Market

Significant diversification

The correlation between Ocm Mutual Fund and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ocm Mutual Fund 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 Ocm Mutual Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Ocm Mutual Fund

0.93	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.93	FEGIX	First Eagle Gold Steady Growth	Pair Corr
0.88	FEGOX	First Eagle Gold Steady Growth	Pair Corr
0.95	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.95	OGMCX	Oppenheimer Gold Special	Pair Corr
0.89	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.89	FIJDX	Gold Portfolio Fidelity Steady Growth	Pair Corr
0.64	RSNYX	Victory Global Natural	Pair Corr
0.64	RSNRX	Victory Global Natural	Pair Corr
0.64	RGNCX	Victory Global Natural	Pair Corr
0.67	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr

Moving against Ocm Mutual Fund

0.74	VZ	Verizon Communications	Pair Corr
0.57	BA	Boeing	Pair Corr
0.43	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.42	WMT	Walmart Aggressive Push	Pair Corr
0.33	AXP	American Express	Pair Corr
0.31	MSFT	Microsoft Downward Rally	Pair Corr

Related Correlations Analysis

	OCMGX	RYPMX	RYMNX	INIIX	GLDAX
OCMGX		0.97	0.97	0.9	0.84	OCMGX
RYPMX	0.97		1.0	0.93	0.82	RYPMX
RYMNX	0.97	1.0		0.93	0.82	RYMNX
INIIX	0.9	0.93	0.93		0.86	INIIX
GLDAX	0.84	0.82	0.82	0.86		GLDAX
	OCMGX	RYPMX	RYMNX	INIIX	GLDAX

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Risk-Adjusted Indicators

There is a big difference between Ocm Mutual Fund performing well and Ocm Mutual 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 Ocm Mutual'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
OCMGX	1.34	(0.10)	0.00	(0.77)	0.00	0.00	2.51	(2.84)	8.15
RYPMX	1.56	(0.03)	0.00	(0.25)	0.00	0.00	3.45	(2.82)	9.08
RYMNX	1.57	(0.03)	0.00	(0.26)	0.00	0.00	3.43	(2.84)	9.09
INIIX	1.31	0.00	(0.04)	0.09	1.90	(1.28)	2.67	(3.02)	8.42
GLDAX	1.24	(0.08)	0.00	(0.18)	0.00	0.00	2.99	(2.90)	8.37

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