Rock Oak Correlations

RCKSX Fund

USD 19.27 0.20 1.05%

The current 90-days correlation between Rock Oak E and Live Oak Health is 0.05 (i.e., Significant diversification). The correlation of Rock Oak 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.

Rock Oak Correlation With Market

Poor diversification

The correlation between Rock Oak E and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rock Oak E 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 Rock Oak E. 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 state.

Moving together with Rock Mutual Fund

0.73	ROGSX	Red Oak Technology	Pair Corr
0.79	RIVSX	River Oak Discovery	Pair Corr
0.61	WOGSX	White Oak Select	Pair Corr
0.65	BOGSX	Black Oak Emerging	Pair Corr
0.9	VIMAX	Vanguard Mid Cap	Pair Corr
0.9	VIMSX	Vanguard Mid Cap	Pair Corr
0.97	VMCPX	Vanguard Mid Cap	Pair Corr
0.97	VMCIX	Vanguard Mid Cap	Pair Corr
0.89	VEXAX	Vanguard Extended Market	Pair Corr
0.89	VEMPX	Vanguard Extended Market	Pair Corr
0.89	VIEIX	Vanguard Extended Market	Pair Corr
0.89	VSEMX	Vanguard Extended Market	Pair Corr
0.89	VEXMX	Vanguard Extended Market	Pair Corr
0.85	FSMAX	Fidelity Extended Market	Pair Corr
0.83	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.83	VTSMX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.81	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Rock Mutual Fund

0.34	FTAHOX	Ftahox	Pair Corr
0.38	GBMIX	Gmo Benchmark Free	Pair Corr
0.35	RMMGX	Short Term Bond	Pair Corr

Related Correlations Analysis

	LOGSX	RIVSX	BOGSX	POGSX	ROGSX
LOGSX		0.06	0.16	0.32	0.07	LOGSX
RIVSX	0.06		0.82	0.57	0.83	RIVSX
BOGSX	0.16	0.82		0.88	0.91	BOGSX
POGSX	0.32	0.57	0.88		0.67	POGSX
ROGSX	0.07	0.83	0.91	0.67		ROGSX
	LOGSX	RIVSX	BOGSX	POGSX	ROGSX

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Risk-Adjusted Indicators

There is a big difference between Rock Mutual Fund performing well and Rock Oak 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 Rock Oak'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
LOGSX	0.70	(0.06)	0.63	1.18	(1.52)	3.69
RIVSX	0.88	(0.12)	(0.23)	1.67	(2.02)	4.18
BOGSX	1.20	(0.25)	4.46	1.65	(3.10)	9.26
POGSX	0.96	(0.23)	(4.55)	1.24	(1.82)	16.40
ROGSX	1.21	(0.20)	0.69	1.69	(3.29)	7.12

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