Cavanal Hillultra Correlations

AIUSX Fund

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The current 90-days correlation between Cavanal Hillultra Short and T Rowe Price is -0.07 (i.e., Good diversification). The correlation of Cavanal Hillultra 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.

Cavanal Hillultra Correlation With Market

Good diversification

The correlation between Cavanal Hillultra Short and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cavanal Hillultra Short 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 Cavanal Hillultra Short. 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 state.

Moving together with Cavanal Mutual Fund

0.81	APBDX	Bond Fund Investor	Pair Corr
0.81	APENX	Strategic Enhanced Yield	Pair Corr
0.9	APSTX	Limited Duration	Pair Corr
0.99	APUSX	Cavanal Hill Ultra	Pair Corr
0.81	AABOX	Bond Fund Class	Pair Corr
0.82	AAENX	Strategic Enhanced Yield	Pair Corr
0.91	AASTX	Limited Duration	Pair Corr
0.99	AAUSX	Cavanal Hill Ultra	Pair Corr
0.83	AIBNX	Bond Fund Institutional	Pair Corr
0.82	AIENX	Strategic Enhanced Yield	Pair Corr
0.91	AISTX	Limited Duration	Pair Corr
0.91	VMLTX	Vanguard Limited Term	Pair Corr
0.91	VMLUX	Vanguard Limited Term	Pair Corr
0.97	VWSTX	Vanguard Short Term	Pair Corr
0.97	VWSUX	Vanguard Short Term	Pair Corr
0.93	GDUSX	Goldman Sachs Short	Pair Corr
0.93	GANPX	Goldman Sachs Short	Pair Corr
0.75	SNDPX	Diversified Municipal	Pair Corr
0.75	AIDYX	Diversified Municipal	Pair Corr
0.75	AIDZX	Diversified Municipal	Pair Corr
0.68	PCOXX	Money Market Obligations	Pair Corr

Moving against Cavanal Mutual Fund

0.36	APLIX	Cavanal Hill Hedged	Pair Corr
0.36	AALIX	Astonherndon Large Cap	Pair Corr
0.34	AILIX	Cavanal Hill Hedged	Pair Corr
0.32	ACWEX	World Energy Steady Growth	Pair Corr
0.31	APWEX	World Energy Steady Growth	Pair Corr
0.31	AAWEX	World Energy Steady Growth	Pair Corr
0.31	AIWEX	World Energy Steady Growth	Pair Corr
0.85	SMPSX	Semiconductor Ultrasector	Pair Corr
0.82	SMPIX	Semiconductor Ultrasector	Pair Corr
0.42	RGNCX	Victory Global Natural	Pair Corr
0.41	RSNRX	Victory Global Natural	Pair Corr
0.4	RSNYX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	PIEQX	FGFAX	LOGBX	OPTCX	GQESX	SISEX	ARTQX
PIEQX		0.99	0.73	0.77	0.34	0.97	0.04	PIEQX
FGFAX	0.99		0.74	0.77	0.31	0.97	0.02	FGFAX
LOGBX	0.73	0.74		0.58	0.71	0.74	0.62	LOGBX
OPTCX	0.77	0.77	0.58		0.27	0.73	0.02	OPTCX
GQESX	0.34	0.31	0.71	0.27		0.31	0.79	GQESX
SISEX	0.97	0.97	0.74	0.73	0.31		0.08	SISEX
ARTQX	0.04	0.02	0.62	0.02	0.79	0.08		ARTQX
	PIEQX	FGFAX	LOGBX	OPTCX	GQESX	SISEX	ARTQX

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Risk-Adjusted Indicators

There is a big difference between Cavanal Mutual Fund performing well and Cavanal Hillultra 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 Cavanal Hillultra'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
PIEQX	0.66	0.09	0.19	(0.57)	0.80	(0.74)	1.55	(1.17)	4.73
FGFAX	0.79	0.11	0.18	(1.06)	0.96	(0.86)	1.79	(1.64)	5.93
LOGBX	0.51	0.01	0.00	(0.06)	0.00	0.00	0.83	(1.17)	4.19
OPTCX	0.07	(0.01)	0.27	1.48	0.09	(0.17)	0.21	(0.21)	0.93
GQESX	0.69	(0.12)	0.00	0.63	0.00	0.00	1.23	(1.59)	3.87
SISEX	0.60	0.11	0.19	0.22	0.72	(0.64)	1.64	(1.55)	4.04
ARTQX	0.74	(0.03)	0.00	(0.11)	0.00	0.00	1.39	(1.55)	3.11

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