Osterweis Strategic Correlations

Mutual Funds . USA . 
Fund . Osterweis Strategic Investment
OSTVX Fund  USD 17.69  0.02  0.11%   
The current 90-days correlation between Osterweis Strategic and Osterweis Fund Investor is -0.03 (i.e., Good 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 poor diversification

The correlation between Osterweis Strategic Investment and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Osterweis Strategic Investment 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 Investment. 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 real.

Moving together with Osterweis Mutual Fund

  0.84OSTFX Osterweis Fund InvestorPairCorr
  0.85OSTGX Osterweis EmergingPairCorr
  0.74OSTIX Osterweis StrategicPairCorr
  0.84FBONX American Funds AmericanPairCorr
  0.84FBAFX American Funds AmericanPairCorr
  0.92ABALX American BalancedPairCorr
  0.84BALCX American BalancedPairCorr
  0.93BALFX American BalancedPairCorr
  0.84RLBCX American BalancedPairCorr
  0.93RLBBX American BalancedPairCorr
  0.92CLBAX American BalancedPairCorr
  0.93CLBEX American BalancedPairCorr
  0.84RLBFX American BalancedPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.79VFIAX Vanguard 500 IndexPairCorr
  0.87VTSMX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.79VITSX Vanguard Total StockPairCorr
  0.79VFINX Vanguard 500 IndexPairCorr
  0.88VFFSX Vanguard 500 IndexPairCorr
  0.78FEQIX Fidelity Equity IncomePairCorr
  0.9RRTMX T Rowe PricePairCorr
  0.84VBIAX Vanguard Balanced IndexPairCorr
  0.78EOD Allspring Global DividendPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.91CSDGX Copeland Smid CapPairCorr
  0.84JHEQX Jpmorgan Hedged EquityPairCorr
  0.79VSMAX Vanguard Small CapPairCorr
  0.85RIDAX Income FundPairCorr
  0.77FNCMX Fidelity Nasdaq PositePairCorr
  0.8VVIAX Vanguard Value IndexPairCorr

Related Correlations Analysis

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OSTFX  0.57  0.01 (0.13)(0.92) 0.76 
(0.57)
 1.02 
(1.51)
 4.01 
OSTGX  0.88  0.07 (0.03) 0.70  1.19 
(0.88)
 2.00 
(1.84)
 6.03 
OSTIX  0.06  0.01 (0.92) 0.47  0.00 
(0.11)
 0.18 
(0.09)
 0.36 
OSTVX  0.36 (0.05)(0.19) 0.03  0.48 
(0.36)
 0.64 
(0.98)
 2.55 
THMAX  0.36  0.04 (0.16)(5.81) 0.37 
(0.44)
 0.73 
(0.78)
 2.29 
VIGAX  0.74  0.10 (0.02)(1.24) 1.10 
(0.68)
 1.64 
(2.01)
 5.18 
FNCMX  0.81  0.10 (0.03)(0.80) 1.16 
(0.76)
 1.51 
(2.23)
 5.27 
FSAHX  0.09  0.02 (0.63) 1.63  0.00 
(0.17)
 0.23 
(0.11)
 0.67 
DMA  0.52  0.05 (0.01) 0.21  0.41 
(0.66)
 1.37 
(1.02)
 3.16 
VWEHX  0.10  0.01 (0.52) 4.39  0.00 
(0.22)
 0.19 
(0.18)
 0.73 

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