Oak Ridge Correlations
| ORDNX Fund | USD 21.39 0.01 0.05% |
The current 90-days correlation between Oak Ridge Dividend and Gabelli Convertible And is -0.13 (i.e., Good diversification). The correlation of Oak Ridge 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 Ridge Correlation With Market
Average diversification
The correlation between Oak Ridge Dividend and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Dividend and DJI in the same portfolio, assuming nothing else is changed.
Oak |
Moving together with Oak Mutual Fund
| 0.87 | NSIVX | North Square Investments | PairCorr |
| 0.78 | ADVNX | Advisory Research | PairCorr |
| 0.78 | ADVAX | Api Efficient Frontier | PairCorr |
| 0.83 | NMKYX | North Square Mckee | PairCorr |
| 0.82 | NMKBX | North Square Mckee | PairCorr |
| 0.88 | CPXIX | Cohen Steers Prfrd | PairCorr |
| 0.88 | CPXAX | Cohen Steers Preferd | PairCorr |
| 0.89 | CPXCX | Cohen Steers Prefrd | PairCorr |
| 0.89 | CPRRX | Cohen Steers Preferred | PairCorr |
| 0.88 | CPXZX | Cohen Steers Preferred | PairCorr |
| 0.88 | CPXFX | Cohen Steers Preferred | PairCorr |
| 0.87 | PRFCX | Preferred Securities | PairCorr |
| 0.85 | PPSIX | Preferred Securities | PairCorr |
| 0.85 | PPSAX | Preferred Securities | PairCorr |
| 0.81 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.81 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.65 | SGDLX | Sprott Gold Equity | PairCorr |
| 0.77 | GIOIX | Guggenheim Macro Opp | PairCorr |
| 0.66 | RISSX | Rbc International Small | PairCorr |
| 0.61 | DLDFX | Destinations Low Duration | PairCorr |
| 0.78 | FFLQX | Franklin Federal Lim | PairCorr |
| 0.75 | ALVGX | Large Pany Value | PairCorr |
Related Correlations Analysis
| 0.53 | 0.2 | 0.31 | 0.65 | GCV | ||
| 0.53 | -0.54 | -0.39 | 0.94 | NCIDX | ||
| 0.2 | -0.54 | 0.98 | -0.28 | FSAWX | ||
| 0.31 | -0.39 | 0.98 | -0.12 | ARBOX | ||
| 0.65 | 0.94 | -0.28 | -0.12 | LCFYX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Oak Mutual Fund performing well and Oak Ridge 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 Ridge'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCV | 0.92 | 0.01 | 0.00 | (0.05) | 0.00 | 2.17 | 6.16 | |||
| NCIDX | 0.59 | (0.04) | 0.00 | (0.14) | 0.00 | 1.03 | 3.23 | |||
| FSAWX | 0.08 | 0.04 | 1.09 | (1.82) | 0.00 | 0.19 | 0.38 | |||
| ARBOX | 0.05 | 0.02 | 0.00 | 0.89 | 0.00 | 0.09 | 0.18 | |||
| LCFYX | 0.65 | (0.01) | 0.00 | (0.10) | 0.00 | 1.12 | 3.20 |