Oak Ridge Correlations

ORILX Fund

USD 17.57 0.05 0.28%

The current 90-days correlation between Oak Ridge Multi and Transamerica Asset Allocation is -0.11 (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

Good diversification

The correlation between Oak Ridge Multi and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Multi 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 Ridge Multi. 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 bureau of economic analysis.

Moving together with Oak Mutual Fund

0.9	ADVGX	Advisory Research All	Pair Corr
0.73	PORYX	Oak Ridge Multi	Pair Corr
0.71	NKMCX	North Square Kennedy	Pair Corr
0.69	ORIYX	Oak Ridge Small	Pair Corr
0.68	ORIGX	Oak Ridge Small	Pair Corr
0.79	ORSAX	Oak Ridge Dynamic	Pair Corr
0.78	ORSIX	Oak Ridge Dynamic	Pair Corr
0.78	FGPGX	American Funds Growth	Pair Corr
0.84	FMSHX	Franklin Mutual Shares	Pair Corr

Moving against Oak Mutual Fund

0.68	ABQYX	Ab Intermediate Bond	Pair Corr
0.64	USPSX	Profunds Ultrashort	Pair Corr
0.64	USPIX	Profunds Ultrashort	Pair Corr
0.64	UIPIX	Ultrashort Mid Cap	Pair Corr
0.42	TDKTX	Cleartrack 2015 Class	Pair Corr
0.41	TCTGX	Transamerica Cleartrack	Pair Corr
0.41	TCTJX	Transamerica Cleartrack	Pair Corr
0.35	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	TAAKX	PAGLX	MSSGX	GABBX	LANIX	QLMGTX
TAAKX		0.85	0.81	0.79	0.9	0.84	TAAKX
PAGLX	0.85		0.88	0.41	0.76	0.97	PAGLX
MSSGX	0.81	0.88		0.49	0.76	0.93	MSSGX
GABBX	0.79	0.41	0.49		0.74	0.43	GABBX
LANIX	0.9	0.76	0.76	0.74		0.78	LANIX
QLMGTX	0.84	0.97	0.93	0.43	0.78		QLMGTX
	TAAKX	PAGLX	MSSGX	GABBX	LANIX	QLMGTX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TAAKX	0.84	(0.05)	(0.13)	1.39	(1.78)	5.92
PAGLX	0.75	(0.03)	(0.11)	1.11	(1.62)	4.65
MSSGX	1.76	(0.11)	(0.15)	3.70	(3.91)	10.50
GABBX	0.81	(0.15)	(0.24)	1.18	(1.65)	12.61
LANIX	0.77	(0.16)	0.83	1.18	(1.65)	5.07
QLMGTX	1.16	(0.06)	(0.13)	1.69	(3.12)	5.95

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