Optimix Mix Correlations
| OPTMF Fund | EUR 44.04 0.11 0.25% |
The current 90-days correlation between Optimix Mix Fund and Add Value Fund is 0.52 (i.e., Very weak diversification). The correlation of Optimix Mix 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.
Optimix Mix Correlation With Market
Very poor diversification
The correlation between Optimix Mix Fund 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 Optimix Mix Fund and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Optimix Mix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Optimix Mix when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Optimix Mix - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Optimix Mix Fund to buy it.
Moving together with Optimix Fund
| 0.97 | KGHDF | Kempen Global High | PairCorr |
| 0.88 | AVFNV | Add Value Fund | PairCorr |
| 0.77 | ROBA | Robeco Sust Global | PairCorr |
| 0.86 | OPWAF | Optimix Wereld Aandelen | PairCorr |
| 0.76 | AVWA | Cardano Impact Equity | PairCorr |
| 0.96 | GSEUF | Goldman Sachs Europe | PairCorr |
Related Correlations Analysis
| 0.45 | 0.69 | 0.74 | 0.65 | OBAM | ||
| 0.45 | 0.73 | 0.71 | 0.83 | KGHDF | ||
| 0.69 | 0.73 | 0.84 | 0.82 | ROBA | ||
| 0.74 | 0.71 | 0.84 | 0.9 | AVWA | ||
| 0.65 | 0.83 | 0.82 | 0.9 | AVFNV | ||
Risk-Adjusted Indicators
There is a big difference between Optimix Fund performing well and Optimix Mix 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 Optimix Mix'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OBAM | 0.50 | (0.07) | 0.00 | (0.09) | 0.00 | 0.99 | 3.52 | |||
| KGHDF | 0.45 | 0.09 | 0.03 | 4.14 | 0.38 | 1.05 | 2.57 | |||
| ROBA | 0.53 | 0.02 | (0.05) | 0.76 | 0.71 | 1.12 | 3.80 | |||
| AVWA | 0.39 | 0.03 | (0.04) | 0.36 | 0.50 | 1.32 | 3.68 | |||
| AVFNV | 0.88 | 0.09 | 0.05 | 0.34 | 0.94 | 1.88 | 6.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Optimix Mix without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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