Olstein All Correlations

Mutual Funds . USA . 
Fund . Olstein All Cap
OFALX Fund  USD 18.47  0.09  0.48%   
The current 90-days correlation between Olstein All Cap and T Rowe Price is 0.39 (i.e., Weak diversification). The correlation of Olstein All 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.

Olstein All Correlation With Market

Very poor diversification

The correlation between Olstein All Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Olstein All 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 Olstein All 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 state.

Moving together with Olstein Mutual Fund

  1.0OFAFX Olstein All CapPairCorr
  0.98OFAVX Olstein All CapPairCorr
  0.97OFSCX Olstein StrategicPairCorr
  0.95OFSAX Olstein StrategicPairCorr
  0.96OFSFX Olstein StrategicPairCorr
  0.93VMVAX Vanguard Mid CapPairCorr
  0.88JVMAX John Hancock DisciplinedPairCorr
  0.89JVMIX John Hancock DisciplinedPairCorr
  0.93VMVIX Vanguard Mid CapPairCorr
  0.94JMVZX Jpmorgan Mid CapPairCorr
  0.95JMVRX Jpmorgan Mid CapPairCorr
  0.95JMVQX Jpmorgan Mid CapPairCorr
  0.95JMVYX Jpmorgan Mid CapPairCorr
  0.95JMVPX Jpmorgan Mid CapPairCorr
  0.97MVCAX Mfs Mid CapPairCorr
  0.76SMPSX Semiconductor UltrasectorPairCorr
  0.7SMPIX Semiconductor UltrasectorPairCorr
  0.88RSNYX Victory Global NaturalPairCorr
  0.88RGNCX Victory Global NaturalPairCorr
  0.89RSNRX Victory Global NaturalPairCorr
  0.86PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.69FELIX Fidelity Advisor SemPairCorr
  0.67FELAX Fidelity Advisor SemPairCorr
  0.72OSPPX Oppenheimer Steelpath MlpPairCorr
  0.72SPMPX Invesco Steelpath MlpPairCorr
  0.87SGMAX Siit Global ManagedPairCorr
  0.85GTSGX Madison Mid CapPairCorr
  0.84RTDTX Select EquityPairCorr
  0.88EEICX Eaton Vance EmergingPairCorr
  0.92DDLDX Doubleline Low DurationPairCorr
  0.84SWORX Schwab Target 2055PairCorr
  0.72RTECX Tax Exempt BondPairCorr
  0.88LICYX Lord Abbett InternationalPairCorr
  0.65DIEMX Driehaus Emerging MarketsPairCorr
  0.82TPDCX Timothy Plan DefensivePairCorr
  0.81ADANX Aqr Diversified ArbitragePairCorr
  0.77GTLOX Large Cap EPairCorr
  0.88VGIAX Vanguard Growth AndPairCorr
  0.94DHPAX Diamond Hill MidPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Olstein Mutual Fund performing well and Olstein All 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 Olstein All'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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