Oakhurst Strategic Correlations

OASDX Fund

USD 11.73 0.07 0.59%

The current 90-days correlation between Oakhurst Strategic and Oakhurst Fixed Income is 0.18 (i.e., Average diversification). The correlation of Oakhurst Strategic 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.

Oakhurst Strategic Correlation With Market

Good diversification

The correlation between Oakhurst Strategic Defined and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Strategic Defined and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oakhurst Strategic Defined. 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 unemployment.

Moving together with Oakhurst Mutual Fund

0.82	OHSHX	Oakhurst Short Duration	Pair Corr
0.77	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.77	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.77	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.76	GTENX	Gateway Fund Class	Pair Corr
0.76	GTECX	Gateway Fund Class	Pair Corr
0.76	GTEYX	Gateway Fund Class	Pair Corr
0.76	GATEX	Gateway Fund Class	Pair Corr
0.75	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.76	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.76	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.7	ADOZX	Alger Dynamic Opport	Pair Corr
0.69	PFFRX	T Rowe Price	Pair Corr
0.66	BXFYX	Barings Global Floating	Pair Corr
0.76	SICWX	Sentinel Mon Stock	Pair Corr
0.76	SSMKX	State Street Smallmid	Pair Corr
0.76	SVSPX	Ssga Sp 500	Pair Corr
0.7	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	HMSFX	Hennessy Bp Midstream	Pair Corr
0.71	LGLUX	L Abbett Growth	Pair Corr
0.77	BRGKX	Blckrck Fds Iii	Pair Corr
0.84	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.71	INPSX	Internet Ultrasector	Pair Corr
0.7	CFRFX	Catalystcifc Floating	Pair Corr

Moving against Oakhurst Mutual Fund

0.41	BXECX	Barings Emerging Markets	Pair Corr
0.4	BXEIX	Barings Emerging Markets	Pair Corr
0.4	BXEAX	Barings Emerging Markets	Pair Corr
0.58	HLDIX	Hartford Emerging	Pair Corr
0.58	HLDRX	Hartford Emerging	Pair Corr
0.58	HLDCX	Hartford Emerging	Pair Corr
0.58	HLDTX	Hartford Emerging	Pair Corr
0.57	HLDAX	Hartford Emerging	Pair Corr

Related Correlations Analysis

	OHFIX	OHSHX	OHSDX	VSCIX	FAGOX	VEXMX	DFSVX	JHTRX	MDLOX
OHFIX		-0.55	0.9	-0.37	-0.5	-0.43	-0.33	-0.49	0.38	OHFIX
OHSHX	-0.55		-0.2	0.86	0.87	0.89	0.8	0.95	0.37	OHSHX
OHSDX	0.9	-0.2		-0.05	-0.19	-0.1	-0.04	-0.15	0.56	OHSDX
VSCIX	-0.37	0.86	-0.05		0.85	0.99	0.97	0.89	0.61	VSCIX
FAGOX	-0.5	0.87	-0.19	0.85		0.9	0.73	0.92	0.49	FAGOX
VEXMX	-0.43	0.89	-0.1	0.99	0.9		0.94	0.93	0.56	VEXMX
DFSVX	-0.33	0.8	-0.04	0.97	0.73	0.94		0.81	0.59	DFSVX
JHTRX	-0.49	0.95	-0.15	0.89	0.92	0.93	0.81		0.46	JHTRX
MDLOX	0.38	0.37	0.56	0.61	0.49	0.56	0.59	0.46		MDLOX
	OHFIX	OHSHX	OHSDX	VSCIX	FAGOX	VEXMX	DFSVX	JHTRX	MDLOX

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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

VEXMX	+ 0.99	VSCIX
DFSVX	+ 0.97	VSCIX
JHTRX	+ 0.95	OHSHX
DFSVX	+ 0.94	VEXMX
JHTRX	+ 0.93	VEXMX
JHTRX	+ 0.92	FAGOX

High negative correlations

OHSHX	- 0.55	OHFIX
FAGOX	- 0.5	OHFIX
JHTRX	- 0.49	OHFIX
VEXMX	- 0.43	OHFIX
VSCIX	- 0.37	OHFIX
DFSVX	- 0.33	OHFIX

Risk-Adjusted Indicators

There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Strategic 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 Oakhurst Strategic'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
OHFIX	0.24	(0.06)	0.00	(1.34)	0.00	0.00	0.45	(0.57)	1.49
OHSHX	0.11	0.00	(0.09)	(0.05)	0.10	(0.14)	0.22	(0.22)	0.67
OHSDX	0.08	(0.02)	0.00	(1.12)	0.00	0.00	0.21	(0.21)	0.53
VSCIX	0.75	0.00	0.01	0.03	1.00	(0.79)	1.60	(1.18)	8.23
FAGOX	0.77	0.12	0.09	0.16	1.09	(0.73)	1.67	(1.49)	6.45
VEXMX	0.82	0.05	0.05	0.06	1.05	(0.86)	1.71	(1.21)	9.12
DFSVX	0.84	(0.07)	0.00	(0.02)	0.00	0.00	1.73	(1.40)	10.93
JHTRX	0.31	0.03	0.02	1.47	0.49	(0.31)	0.58	(0.58)	3.58
MDLOX	0.36	(0.04)	0.00	(0.07)	0.00	0.00	0.76	(0.82)	3.02

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