Oklahoma College Correlations

FOKZX Fund

USD 9.62 0.01 0.10%

The current 90-days correlation between Oklahoma College Savings and Mesirow Financial Small is 0.05 (i.e., Significant 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 0.11 (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 nation.

Moving together with Oklahoma Mutual Fund

0.79	VGTSX	Vanguard Total Inter	Pair Corr
0.78	VTIAX	Vanguard Total Inter	Pair Corr
0.65	PFHCX	Pacific Funds Small	Pair Corr
0.69	NHS	Neuberger Berman High	Pair Corr
0.74	MRK	Merck Company Sell-off Trend	Pair Corr
0.73	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.67	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Oklahoma Mutual Fund

0.47	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.36	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	MSVIX	VFAIX	SBFAX	PFSQX	MCBXX	BXSL	IAAEX	ICFAX
MSVIX		0.43	0.77	0.73	0.0	-0.25	0.91	0.52	MSVIX
VFAIX	0.43		0.63	0.8	0.0	0.66	0.34	-0.09	VFAIX
SBFAX	0.77	0.63		0.82	0.0	0.02	0.75	0.49	SBFAX
PFSQX	0.73	0.8	0.82		0.0	0.24	0.76	0.16	PFSQX
MCBXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MCBXX
BXSL	-0.25	0.66	0.02	0.24	0.0		-0.35	-0.58	BXSL
IAAEX	0.91	0.34	0.75	0.76	0.0	-0.35		0.52	IAAEX
ICFAX	0.52	-0.09	0.49	0.16	0.0	-0.58	0.52		ICFAX
	MSVIX	VFAIX	SBFAX	PFSQX	MCBXX	BXSL	IAAEX	ICFAX

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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

IAAEX	+ 0.91	MSVIX
PFSQX	+ 0.82	SBFAX
PFSQX	+ 0.8	VFAIX
SBFAX	+ 0.77	MSVIX
IAAEX	+ 0.76	PFSQX
IAAEX	+ 0.75	SBFAX

High negative correlations

ICFAX	- 0.58	BXSL
IAAEX	- 0.35	BXSL
BXSL	- 0.25	MSVIX
ICFAX	- 0.09	VFAIX
ICFAX	- 0.0	MCBXX
IAAEX	- 0.0	MCBXX

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
MSVIX	0.83	(0.12)	0.00	(0.43)	0.00	0.00	1.64	(1.37)	15.10
VFAIX	0.78	0.13	0.11	0.95	0.86	(0.86)	1.77	(1.34)	10.75
SBFAX	0.92	(0.05)	0.00	(0.35)	0.00	0.00	1.72	(1.51)	16.49
PFSQX	0.85	(0.02)	0.00	0.31	0.00	0.00	1.55	(1.72)	12.13
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BXSL	0.71	0.17	0.18	0.74	0.68	(0.75)	1.43	(1.14)	4.08
IAAEX	0.67	(0.16)	0.00	(6.75)	0.00	0.00	1.02	(0.98)	11.37
ICFAX	0.92	(0.18)	0.00	(0.70)	0.00	0.00	1.43	(2.58)	18.69

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