Oklahoma College Correlations

FUOKX Fund

USD 13.11 0.06 0.46%

The current 90-days correlation between Oklahoma College Savings and Tiaa Cref Inflation Link is -0.19 (i.e., Good 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

Poor diversification

The correlation between Oklahoma College Savings and DJI is 0.63 (i.e., Poor 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 industry.

Moving together with Oklahoma Mutual Fund

0.86	VGTSX	Vanguard Total Inter	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.75	GABFX	Gmo Asset Allocation	Pair Corr
0.61	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr

Moving against Oklahoma Mutual Fund

0.36	GCAVX	Gmo Small Cap	Pair Corr
0.48	MRK	Merck Company	Pair Corr
0.35	AXP	American Express	Pair Corr
0.35	HPQ	HP Inc	Pair Corr
0.34	MSFT	Microsoft Aggressive Push	Pair Corr
0.34	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	TIIHX	ABNAX	NWXNX	ABNYX	VIPIX	ABNCX	APISX
TIIHX		0.91	0.92	1.0	0.99	0.92	1.0	TIIHX
ABNAX	0.91		0.99	0.91	0.9	1.0	0.9	ABNAX
NWXNX	0.92	0.99		0.92	0.92	0.99	0.91	NWXNX
ABNYX	1.0	0.91	0.92		0.99	0.92	0.99	ABNYX
VIPIX	0.99	0.9	0.92	0.99		0.91	0.98	VIPIX
ABNCX	0.92	1.0	0.99	0.92	0.91		0.91	ABNCX
APISX	1.0	0.9	0.91	0.99	0.98	0.91		APISX
	TIIHX	ABNAX	NWXNX	ABNYX	VIPIX	ABNCX	APISX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TIIHX	0.15	0.04	0.17	1.95	(0.19)	0.37	(0.28)	1.04
ABNAX	0.15	0.05	0.23	(1.81)	(0.20)	0.39	(0.28)	0.97
NWXNX	0.21	0.04	0.13	(0.54)	(0.28)	0.45	(0.34)	1.24
ABNYX	0.15	0.04	0.21	1.97	(0.20)	0.38	(0.28)	0.86
VIPIX	0.22	0.04	0.15	0.77	(0.27)	0.53	(0.42)	1.30
ABNCX	0.15	0.04	0.20	(0.80)	(0.20)	0.39	(0.29)	0.90
APISX	0.10	0.00	0.24	0.00	(0.15)	0.19	(0.10)	0.67

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC