Oklahoma College Correlations

FODQX Fund

USD 11.64 0.04 0.34%

The current 90-days correlation between Oklahoma College Savings and Ab Small Cap is 0.57 (i.e., Very weak diversification). The correlation of Oklahoma College 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.

Oklahoma College Correlation With Market

Average diversification

The correlation between Oklahoma College Savings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oklahoma College Savings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Oklahoma College Savings. 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 producer price index.

Moving together with Oklahoma Mutual Fund

0.89	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.65	GCAVX	Gmo Small Cap	Pair Corr
0.97	GHVIX	Gmo High Yield	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.89	WMT	Walmart Aggressive Push	Pair Corr
0.78	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.81	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Oklahoma Mutual Fund

0.7	GAAVX	Gmo Alternative Allo	Pair Corr
0.39	VTIAX	Vanguard Total Inter	Pair Corr
0.36	VGTSX	Vanguard Total Inter	Pair Corr
0.63	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.47	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.46	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.45	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.35	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	QUAZX	PSBMX	RRSVX	CIPNX	RTOUX	DFDSX	MMSCX	CCMSX
QUAZX		0.92	0.96	0.91	0.94	0.96	0.97	0.0	QUAZX
PSBMX	0.92		0.95	0.94	0.98	0.95	0.95	0.0	PSBMX
RRSVX	0.96	0.95		0.95	0.97	0.98	1.0	0.0	RRSVX
CIPNX	0.91	0.94	0.95		0.95	0.96	0.96	0.0	CIPNX
RTOUX	0.94	0.98	0.97	0.95		0.97	0.97	0.0	RTOUX
DFDSX	0.96	0.95	0.98	0.96	0.97		0.98	0.0	DFDSX
MMSCX	0.97	0.95	1.0	0.96	0.97	0.98		0.0	MMSCX
CCMSX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CCMSX
	QUAZX	PSBMX	RRSVX	CIPNX	RTOUX	DFDSX	MMSCX	CCMSX

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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

MMSCX	+ 1.0	RRSVX
RTOUX	+ 0.98	PSBMX
DFDSX	+ 0.98	RRSVX
MMSCX	+ 0.98	DFDSX
MMSCX	+ 0.97	QUAZX
RTOUX	+ 0.97	RRSVX

High negative correlations

CCMSX	- 0.0	MMSCX
CCMSX	- 0.0	DFDSX
CCMSX	- 0.0	RTOUX
CCMSX	- 0.0	CIPNX
CCMSX	- 0.0	RRSVX
CCMSX	- 0.0	PSBMX

Risk-Adjusted Indicators

There is a big difference between Oklahoma Mutual Fund performing well and Oklahoma College 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 Oklahoma College'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
QUAZX	0.99	0.02	0.02	0.03	1.34	(0.99)	1.93	(2.08)	9.06
PSBMX	0.82	(0.01)	0.00	(0.04)	0.00	0.00	1.48	(1.54)	9.63
RRSVX	0.82	(0.01)	0.00	(0.03)	0.00	0.00	1.69	(1.66)	10.30
CIPNX	0.96	(0.02)	0.00	(0.05)	0.00	0.00	1.64	(1.67)	16.78
RTOUX	0.78	(0.03)	0.00	(0.09)	0.00	0.00	1.70	(1.46)	8.93
DFDSX	0.77	(0.01)	0.00	(0.04)	0.00	0.00	1.57	(1.40)	8.01
MMSCX	0.84	0.00	0.00	(0.02)	1.09	(0.93)	1.70	(1.58)	10.01
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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