Oklahoma College Correlations

FODVX Fund

USD 10.19 0.03 0.30%

The current 90-days correlation between Oklahoma College Savings and Goldman Sachs Short is 0.6 (i.e., Poor 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

Modest diversification

The correlation between Oklahoma College Savings and DJI is 0.27 (i.e., Modest 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 real.

Moving together with Oklahoma Mutual Fund

0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.87	VGTSX	Vanguard Total Inter	Pair Corr
0.87	VTIAX	Vanguard Total Inter	Pair Corr
0.65	CSJZX	Cohen Steers Realty	Pair Corr
0.65	CSRSX	Cohen Steers Realty	Pair Corr
0.9	ABWYX	Ab All Market	Pair Corr
0.72	TAHYX	Pioneer High Yield	Pair Corr
0.63	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.83	HD	Home Depot Earnings Call This Week	Pair Corr

Moving against Oklahoma Mutual Fund

0.32

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	GMDPX	FCSCX	BBINX	RGVCX	RGVAX	TBFIX
GMDPX		0.97	0.35	0.33	0.31	0.23	GMDPX
FCSCX	0.97		0.25	0.19	0.17	0.1	FCSCX
BBINX	0.35	0.25		0.94	0.93	0.94	BBINX
RGVCX	0.33	0.19	0.94		1.0	0.99	RGVCX
RGVAX	0.31	0.17	0.93	1.0		0.99	RGVAX
TBFIX	0.23	0.1	0.94	0.99	0.99		TBFIX
	GMDPX	FCSCX	BBINX	RGVCX	RGVAX	TBFIX

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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
GMDPX	0.09	0.00	0.03	0.24	0.00	(0.17)	0.22	(0.22)	0.65
FCSCX	0.06	0.01	0.04	0.37	0.00	(0.22)	0.13	(0.13)	0.67
BBINX	0.13	0.00	(0.01)	(0.03)	0.14	(0.18)	0.29	(0.29)	1.17
RGVCX	0.22	(0.01)	(0.02)	(0.06)	0.26	(0.30)	0.51	(0.43)	1.62
RGVAX	0.23	(0.01)	(0.02)	(0.06)	0.28	(0.31)	0.60	(0.43)	1.72
TBFIX	0.22	(0.01)	(0.03)	(0.08)	0.25	(0.29)	0.58	(0.46)	1.50

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