Osterweis Strategic Correlations

OSTIX Fund

USD 11.23 0.01 0.09%

The current 90-days correlation between Osterweis Strategic and Osterweis Emerging Opportunity is 0.31 (i.e., Weak diversification). The correlation of Osterweis Strategic 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.

Osterweis Strategic Correlation With Market

Very weak diversification

The correlation between Osterweis Strategic Income and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Osterweis Strategic 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 Osterweis Strategic 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 Osterweis Mutual Fund

0.7	OSTFX	Osterweis Fund Investor	Pair Corr
0.78	OSTGX	Osterweis Emerging	Pair Corr
0.74	OSTVX	Osterweis Strategic	Pair Corr
0.71	VWEAX	Vanguard High Yield	Pair Corr
0.7	VWEHX	Vanguard High Yield	Pair Corr
0.86	BHYCX	Blackrock Hi Yld	Pair Corr
0.88	BHYIX	Blackrock High Yield	Pair Corr
0.88	BHYSX	Blackrock Hi Yld	Pair Corr
0.88	BHYAX	Blackrock High Yield	Pair Corr
0.92	FAHHX	American Funds American	Pair Corr
0.93	FTAHX	American Funds American	Pair Corr
0.91	AHTFX	American High Income	Pair Corr
0.9	AHTCX	American High Income	Pair Corr
0.74	LETRX	Voya Russia Fund	Pair Corr
0.85	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.87	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.7	SMPSX	Semiconductor Ultrasector	Pair Corr
0.87	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.87	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.86	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.85	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.86	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	FEQIX	Fidelity Equity Income	Pair Corr
0.86	TIGGX	Goldman Sachs Tax	Pair Corr
0.81	VDAFX	Dynamic Allocation	Pair Corr
0.91	FIUIX	Fidelity Telecom And	Pair Corr
0.9	VBIAX	Vanguard Balanced Index	Pair Corr
0.89	HFMIX	Hartford Midcap	Pair Corr
0.94	FCYIX	Industrials Portfolio	Pair Corr
0.92	FFRHX	Fidelity Advisor Floating	Pair Corr
0.91	FTAGX	Salient Tactical Growth	Pair Corr
0.89	VGOSX	Voya Large Cap	Pair Corr
0.88	VWENX	Vanguard Wellington	Pair Corr
0.61	SMGXX	Legg Mason Partners	Pair Corr
0.83	LIADX	Lifex Inflation-protec	Pair Corr
0.87	FSHOX	Construction And Housing	Pair Corr
0.9	RIFYX	Victory Rs Science	Pair Corr

Related Correlations Analysis

	OSTGX	OSTVX	GAB	GRSPX	AGTHX	DPG	RIV	USPRX	SMERX
OSTGX		0.85	0.72	0.85	0.89	0.58	0.66	0.92	0.84	OSTGX
OSTVX	0.85		0.78	0.83	0.87	0.59	0.68	0.79	0.83	OSTVX
GAB	0.72	0.78		0.85	0.8	0.77	0.52	0.75	0.88	GAB
GRSPX	0.85	0.83	0.85		0.95	0.69	0.57	0.92	0.98	GRSPX
AGTHX	0.89	0.87	0.8	0.95		0.73	0.73	0.96	0.92	AGTHX
DPG	0.58	0.59	0.77	0.69	0.73		0.68	0.74	0.68	DPG
RIV	0.66	0.68	0.52	0.57	0.73	0.68		0.69	0.51	RIV
USPRX	0.92	0.79	0.75	0.92	0.96	0.74	0.69		0.88	USPRX
SMERX	0.84	0.83	0.88	0.98	0.92	0.68	0.51	0.88		SMERX
	OSTGX	OSTVX	GAB	GRSPX	AGTHX	DPG	RIV	USPRX	SMERX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Osterweis Mutual Fund performing well and Osterweis Strategic 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 Osterweis Strategic'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
OSTGX	0.88	0.07	(0.03)	0.70	1.19	(0.88)	2.00	(1.84)	6.03
OSTVX	0.36	(0.05)	(0.19)	0.03	0.48	(0.36)	0.64	(0.98)	2.55
GAB	0.65	0.02	(0.01)	0.14	0.78	(0.68)	1.49	(1.29)	3.55
GRSPX	0.67	0.03	0.05	0.15	0.68	(0.76)	1.50	(0.90)	5.98
AGTHX	0.67	0.02	0.01	0.14	0.85	(0.69)	1.34	(1.65)	4.40
DPG	0.68	0.19	0.10	0.97	0.68	(0.78)	1.50	(1.29)	4.17
RIV	0.49	0.02	(0.11)	0.21	0.52	(0.56)	1.04	(1.04)	2.80
USPRX	0.56	0.09	(0.04)	(3.57)	0.68	(0.60)	1.18	(1.32)	3.91
SMERX	0.93	0.02	0.08	0.14	0.83	(1.03)	2.46	(1.53)	7.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Osterweis Strategic Correlations

Osterweis Strategic Correlation With Market

Very weak diversification

Moving together with Osterweis Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY