Optimum Large Correlations

OILGX Fund

USD 23.82 0.06 0.25%

The current 90-days correlation between Optimum Large Cap and Northern Mid Cap is 0.6 (i.e., Poor 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

Significant diversification

The correlation between Optimum Large Cap and DJI is 0.04 (i.e., Significant 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 against Optimum Mutual Fund

0.38	DMNIX	Delaware Tax Free	Pair Corr
0.37	DMHIX	Delaware Minnesota High	Pair Corr
0.43	DTPIX	Delaware Tax Free	Pair Corr
0.36	DTIDX	Delaware Tax Free	Pair Corr
0.36	DTNIX	Delaware Tax Free	Pair Corr
0.31	DPRSX	Delaware Reit	Pair Corr
0.31	DPRRX	Delaware Reit	Pair Corr
0.31	DPRDX	Real Estate	Pair Corr
0.42	DCOIX	Delaware Tax Free	Pair Corr
0.36	DCTIX	Delaware Tax Free	Pair Corr
0.35	DUSIX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	RYCOX	PKSAX	HSVRX	CHTTX	FCVSX	ACINX	NOMIX
RYCOX		0.71	0.69	0.92	0.76	0.85	0.86	RYCOX
PKSAX	0.71		0.99	0.84	0.92	0.93	0.95	PKSAX
HSVRX	0.69	0.99		0.83	0.93	0.93	0.94	HSVRX
CHTTX	0.92	0.84	0.83		0.76	0.87	0.93	CHTTX
FCVSX	0.76	0.92	0.93	0.76		0.95	0.91	FCVSX
ACINX	0.85	0.93	0.93	0.87	0.95		0.96	ACINX
NOMIX	0.86	0.95	0.94	0.93	0.91	0.96		NOMIX
	RYCOX	PKSAX	HSVRX	CHTTX	FCVSX	ACINX	NOMIX

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
RYCOX	0.86	0.00	(0.02)	0.06	1.13	(0.87)	1.50	(2.04)	9.32
PKSAX	0.76	0.11	0.13	0.17	0.56	(0.92)	2.07	(1.42)	4.10
HSVRX	0.93	0.25	0.24	0.26	0.65	(1.08)	3.00	(1.64)	5.69
CHTTX	1.02	0.32	0.35	0.48	0.41	(1.28)	2.14	(1.37)	17.08
FCVSX	0.77	0.02	0.01	0.09	0.87	(0.88)	1.74	(1.62)	4.21
ACINX	0.72	0.07	0.06	0.15	0.76	(0.77)	1.72	(1.49)	4.90
NOMIX	0.82	0.16	0.18	0.22	0.54	(0.98)	1.89	(1.37)	7.74

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Optimum Large Correlations

Optimum Large Correlation With Market

Significant diversification

Moving against Optimum Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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