Oak Harvest Correlations

OHFGX Fund

11.49 0.07 0.61%

The current 90-days correlation between Oak Harvest Longshrt and Great West Multi Manager Large is 0.05 (i.e., Significant diversification). The correlation of Oak Harvest 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.

Oak Harvest Correlation With Market

Poor diversification

The correlation between Oak Harvest Longshrt and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Harvest Longshrt 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 Oak Harvest Longshrt. 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 price.

Moving together with Oak Mutual Fund

0.89	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.89	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.92	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.95	GTENX	Gateway Fund Class	Pair Corr
0.95	GTECX	Gateway Fund Class	Pair Corr
0.95	GTEYX	Gateway Fund Class	Pair Corr
0.95	GATEX	Gateway Fund Class	Pair Corr
0.85	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.82	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.82	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.9	DUSQX	Us Lg Cap	Pair Corr
0.94	CIHEX	Calamos Hedged Equity	Pair Corr
0.63	BGUKX	Baillie Gifford Discovery	Pair Corr
0.79	ETJ	Eaton Vance Risk	Pair Corr
0.95	USSCX	Science Technology	Pair Corr
0.91	RYNCX	Nova Fund Class	Pair Corr
0.87	TUHYX	T Rowe Price	Pair Corr
0.94	VIGIX	Vanguard Growth Index	Pair Corr
0.85	RMBKX	Rmb Mendon Financial	Pair Corr
0.91	FBGRX	Fidelity Blue Chip	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VAPPX	Valic Company I	Pair Corr
0.93	BLPSX	Bull Profund Bull	Pair Corr
0.91	RYPIX	Transportation Fund	Pair Corr
0.91	FDYNX	Franklin Dynatech	Pair Corr
0.93	CCVIX	Calamos Vertible	Pair Corr
0.96	MAPPX	Advantage Portfolio Class	Pair Corr
0.75	PSDLX	Putnam Short Duration	Pair Corr
0.85	XBTOX	John Hancock Financial	Pair Corr
0.73	PNDIX	Pender Real Estate	Pair Corr
0.86	RYVYX	Nasdaq 100 2x	Pair Corr
0.93	RLSIX	Riverpark Longshort	Pair Corr
0.9	ETTGX	Eaton Vance Tax	Pair Corr

Moving against Oak Mutual Fund

0.68	NHS	Neuberger Berman High	Pair Corr
0.4	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	OHFGX	MXGSX	GICPX	RPIEX	ALMRX	ETY	SSMLX	FIMSX	BGSXX	PCBSX
OHFGX		0.9	0.94	0.4	0.94	0.95	0.91	0.89	0.29	0.86	OHFGX
MXGSX	0.9		0.9	0.42	0.94	0.91	0.92	0.79	0.3	0.85	MXGSX
GICPX	0.94	0.9		0.36	0.88	0.95	0.86	0.85	0.24	0.8	GICPX
RPIEX	0.4	0.42	0.36		0.47	0.54	0.46	0.33	0.71	0.66	RPIEX
ALMRX	0.94	0.94	0.88	0.47		0.92	0.99	0.79	0.36	0.91	ALMRX
ETY	0.95	0.91	0.95	0.54	0.92		0.89	0.84	0.42	0.88	ETY
SSMLX	0.91	0.92	0.86	0.46	0.99	0.89		0.74	0.33	0.89	SSMLX
FIMSX	0.89	0.79	0.85	0.33	0.79	0.84	0.74		0.32	0.76	FIMSX
BGSXX	0.29	0.3	0.24	0.71	0.36	0.42	0.33	0.32		0.52	BGSXX
PCBSX	0.86	0.85	0.8	0.66	0.91	0.88	0.89	0.76	0.52		PCBSX
	OHFGX	MXGSX	GICPX	RPIEX	ALMRX	ETY	SSMLX	FIMSX	BGSXX	PCBSX

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Risk-Adjusted Indicators

There is a big difference between Oak Mutual Fund performing well and Oak Harvest 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 Oak Harvest'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
OHFGX	0.38	0.05	0.05	0.13	0.42	(0.43)	0.89	(0.63)	3.01
MXGSX	0.60	0.05	0.02	0.70	0.93	(0.61)	1.29	(1.18)	5.41
GICPX	0.67	0.05	0.04	0.10	0.96	(0.63)	1.41	(1.87)	4.82
RPIEX	0.14	0.03	(0.02)	1.03	0.00	(0.19)	0.38	(0.26)	0.91
ALMRX	0.83	0.12	0.07	0.44	1.13	(0.90)	1.87	(1.90)	7.28
ETY	0.56	0.08	0.08	0.18	0.62	(0.64)	1.49	(1.05)	4.36
SSMLX	0.81	0.07	0.04	0.38	1.03	(0.85)	1.70	(1.21)	9.11
FIMSX	0.03	0.00	0.00	(0.24)	0.00	0.00	0.10	(0.10)	0.40
BGSXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
PCBSX	0.31	0.06	0.10	0.31	0.00	(0.38)	0.69	(0.41)	1.81

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