Omni Small Correlations

BOSVX Fund

USD 18.51 0.04 0.22%

The current 90-days correlation between Omni Small Cap and Aggressive Investors 1 is 0.85 (i.e., Very poor diversification). The correlation of Omni Small 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.

Omni Small Correlation With Market

Poor diversification

The correlation between Omni Small Cap Value and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Omni Small Cap Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Omni Small Cap Value. 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 unemployment.

Moving together with Omni Mutual Fund

0.75	BRSVX	Small Cap Value	Pair Corr
0.63	DFSVX	Us Small Cap	Pair Corr
0.73	VSMCX	Invesco Small Cap	Pair Corr
0.7	SPGTX	Symmetry Panoramic Tax	Pair Corr
0.62	PCCPX	Pimco Rae Fundamental	Pair Corr

Related Correlations Analysis

	BRAGX	BRGOX	BRSIX	BRSVX	BRUSX	BOSVX
BRAGX		0.71	-0.19	-0.04	0.76	0.54	BRAGX
BRGOX	0.71		-0.26	-0.11	0.16	0.5	BRGOX
BRSIX	-0.19	-0.26		0.83	0.08	0.58	BRSIX
BRSVX	-0.04	-0.11	0.83		0.25	0.75	BRSVX
BRUSX	0.76	0.16	0.08	0.25		0.49	BRUSX
BOSVX	0.54	0.5	0.58	0.75	0.49		BOSVX
	BRAGX	BRGOX	BRSIX	BRSVX	BRUSX	BOSVX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BRSVX	+ 0.83	BRSIX
BRUSX	+ 0.76	BRAGX
BOSVX	+ 0.75	BRSVX
BRGOX	+ 0.71	BRAGX
BOSVX	+ 0.58	BRSIX
BOSVX	+ 0.54	BRAGX

High negative correlations

BRSIX	- 0.26	BRGOX
BRSIX	- 0.19	BRAGX
BRSVX	- 0.11	BRGOX
BRSVX	- 0.04	BRAGX

Risk-Adjusted Indicators

There is a big difference between Omni Mutual Fund performing well and Omni Small 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 Omni Small'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
BRAGX	1.09	(0.30)	0.00	(0.13)	0.00	0.00	1.59	(2.13)	18.17
BRGOX	0.47	(0.10)	0.00	(0.86)	0.00	0.00	0.63	(0.60)	11.32
BRSIX	1.32	0.02	0.03	0.08	1.55	(1.43)	2.60	(2.86)	6.45
BRSVX	0.79	(0.09)	(0.06)	0.00	1.05	(0.90)	1.87	(2.16)	5.81
BRUSX	1.26	(0.29)	0.00	(0.10)	0.00	0.00	2.51	(2.28)	12.75
BOSVX	0.98	(0.15)	0.00	(0.03)	0.00	0.00	2.06	(2.07)	13.07

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

2025 Macroaxis LLC