Oak Ridge Correlations

ORIYX Fund

USD 10.76 0.11 1.03%

The current 90-days correlation between Oak Ridge Small and Artisan Developing World is 0.05 (i.e., Significant 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

Poor diversification

The correlation between Oak Ridge Small and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Small 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 Small. 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 manufacturing.

Moving together with Oak Mutual Fund

0.95	ADVGX	Advisory Research All	Pair Corr
0.84	PORYX	Oak Ridge Multi	Pair Corr
0.69	NKMCX	North Square Kennedy	Pair Corr
1.0	ORIGX	Oak Ridge Small	Pair Corr
0.93	ORILX	Oak Ridge Multi	Pair Corr
0.93	ORSAX	Oak Ridge Dynamic	Pair Corr
0.93	ORSIX	Oak Ridge Dynamic	Pair Corr
0.99	VSMAX	Vanguard Small Cap	Pair Corr
0.99	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.99	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.89	PASVX	T Rowe Price	Pair Corr
0.89	PRVIX	T Rowe Price	Pair Corr
0.89	TRZVX	T Rowe Price	Pair Corr
0.88	PRSVX	T Rowe Price	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr

Moving against Oak Mutual Fund

0.45

QMNNX

Aqr Equity Market

Pair Corr

Related Correlations Analysis

	ARTYX	IGIEX	ZEMIX	AOUNX	PRMDX	MWUIX	DLENX
ARTYX		0.82	0.84	0.46	0.74	0.4	0.8	ARTYX
IGIEX	0.82		0.75	0.52	0.86	0.58	0.86	IGIEX
ZEMIX	0.84	0.75		0.7	0.72	0.63	0.86	ZEMIX
AOUNX	0.46	0.52	0.7		0.76	0.95	0.78	AOUNX
PRMDX	0.74	0.86	0.72	0.76		0.78	0.87	PRMDX
MWUIX	0.4	0.58	0.63	0.95	0.78		0.77	MWUIX
DLENX	0.8	0.86	0.86	0.78	0.87	0.77		DLENX
	ARTYX	IGIEX	ZEMIX	AOUNX	PRMDX	MWUIX	DLENX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTYX	0.87	0.04	0.05	0.36	1.16	(0.84)	1.92	(1.67)	4.61
IGIEX	0.26	0.04	0.15	0.63	0.21	(0.34)	0.72	(0.48)	1.70
ZEMIX	0.69	0.06	0.07	0.25	0.87	(0.76)	1.61	(1.57)	4.37
AOUNX	0.06	0.01	0.00	(2.86)	0.00	0.00	0.10	(0.10)	0.52
PRMDX	0.07	0.00	0.10	0.06	0.00	(0.21)	0.20	(0.20)	0.78
MWUIX	0.08	0.02	0.00	0.91	0.00	0.00	0.24	(0.24)	0.98
DLENX	0.11	0.02	0.28	(1.54)	0.00	(0.16)	0.22	(0.11)	0.67

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