Oakhurst Short Correlations

OHSHX Fund

USD 8.93 0.01 0.11%

The current 90-days correlation between Oakhurst Short Duration and Oakhurst Strategic Defined is 0.61 (i.e., Poor diversification). The correlation of Oakhurst Short 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 Short Correlation With Market

Very weak diversification

The correlation between Oakhurst Short Duration and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Short Duration 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 Short Duration. 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 rate.

Moving together with Oakhurst Mutual Fund

0.74	OASDX	Oakhurst Strategic	Pair Corr
0.66	BHYCX	Blackrock Hi Yld	Pair Corr
0.65	BHYIX	Blackrock High Yield	Pair Corr
0.65	BHYSX	Blackrock Hi Yld	Pair Corr
0.66	BHYAX	Blackrock High Yield	Pair Corr
0.76	FAHHX	American Funds American	Pair Corr
0.78	FTAHX	American Funds American	Pair Corr
0.74	AHTFX	American High Income	Pair Corr
0.71	AHTCX	American High Income	Pair Corr
0.81	XNKGX	Nuveen Georgia Quality	Pair Corr
0.78	XPPRX	Voya Prime Rate	Pair Corr
0.64	ROGSX	Red Oak Technology	Pair Corr
0.84	FSPGX	Fidelity Large Cap	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.92	IPSHX	Pinnacle Sherman Multi	Pair Corr
0.91	CSOIX	Credit Suisse Strategic	Pair Corr
0.89	IIXIX	Catalyst Insider Income	Pair Corr
0.92	FCVSX	Fidelity Vertible	Pair Corr
0.61	BABSX	Blackrock Funds	Pair Corr
0.88	STCZX	Ridgeworth Silvant Large	Pair Corr
0.92	HCEGX	Growth Equity	Pair Corr
0.88	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.93	OANLX	Oakmark Select	Pair Corr
0.89	PYBLX	Payden Floating Rate	Pair Corr
0.86	FADTX	Fidelity Advisor Tec	Pair Corr
0.81	PGODX	Putnam Growth Opport	Pair Corr
0.88	LEQCX	Locorr Dynamic Equity	Pair Corr

Moving against Oakhurst Mutual Fund

0.51	OHFIX	Oakhurst Fixed Income	Pair Corr
0.31	XNXJX	Nuveen New Jersey	Pair Corr
0.47	NXJ	Nuveen New Jersey	Pair Corr
0.41	XNBHX	Neuberger Berman Int Potential Growth	Pair Corr

Related Correlations Analysis

	OASDX	OHFIX	OHSHX	OHSDX	TFCCX	QSTFX	CWGFX	VFINX	RRTLX	AMONX
OASDX		-0.12	0.74	0.09	0.72	0.16	0.57	0.7	0.72	0.81	OASDX
OHFIX	-0.12		-0.51	0.9	-0.32	-0.24	0.38	-0.38	0.46	-0.14	OHFIX
OHSHX	0.74	-0.51		-0.16	0.77	0.39	0.14	0.91	0.34	0.69	OHSHX
OHSDX	0.09	0.9	-0.16		-0.08	-0.08	0.37	-0.04	0.58	0.04	OHSDX
TFCCX	0.72	-0.32	0.77	-0.08		-0.11	0.35	0.71	0.47	0.85	TFCCX
QSTFX	0.16	-0.24	0.39	-0.08	-0.11		-0.14	0.58	0.01	-0.05	QSTFX
CWGFX	0.57	0.38	0.14	0.37	0.35	-0.14		0.16	0.76	0.72	CWGFX
VFINX	0.7	-0.38	0.91	-0.04	0.71	0.58	0.16		0.4	0.64	VFINX
RRTLX	0.72	0.46	0.34	0.58	0.47	0.01	0.76	0.4		0.65	RRTLX
AMONX	0.81	-0.14	0.69	0.04	0.85	-0.05	0.72	0.64	0.65		AMONX
	OASDX	OHFIX	OHSHX	OHSDX	TFCCX	QSTFX	CWGFX	VFINX	RRTLX	AMONX

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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

VFINX	+ 0.91	OHSHX
OHSDX	+ 0.9	OHFIX
AMONX	+ 0.85	TFCCX
AMONX	+ 0.81	OASDX
TFCCX	+ 0.77	OHSHX
RRTLX	+ 0.76	CWGFX

High negative correlations

OHSHX	- 0.51	OHFIX
VFINX	- 0.38	OHFIX
TFCCX	- 0.32	OHFIX
QSTFX	- 0.24	OHFIX
OHSDX	- 0.16	OHSHX
CWGFX	- 0.14	QSTFX

Risk-Adjusted Indicators

There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Short 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 Short'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
OASDX	0.56	(0.12)	0.00	(0.21)	0.00	0.00	0.71	(0.84)	12.45
OHFIX	0.24	(0.05)	0.00	(1.18)	0.00	0.00	0.45	(0.57)	1.49
OHSHX	0.10	0.00	(0.11)	(0.04)	0.12	(0.13)	0.22	(0.22)	0.89
OHSDX	0.08	(0.02)	0.00	(0.64)	0.00	0.00	0.21	(0.21)	0.53
TFCCX	0.52	(0.05)	0.00	(0.04)	0.00	0.00	0.83	(0.83)	5.58
QSTFX	0.89	0.13	0.09	0.20	1.02	(1.03)	2.62	(2.38)	5.64
CWGFX	0.60	(0.12)	0.00	(0.16)	0.00	0.00	0.83	(1.36)	7.98
VFINX	0.51	0.04	0.04	0.07	0.72	(0.50)	0.97	(0.96)	5.48
RRTLX	0.28	(0.08)	0.00	(0.38)	0.00	0.00	0.40	(0.56)	1.99
AMONX	0.88	(0.14)	0.00	(0.10)	0.00	0.00	1.25	(1.84)	15.94

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