Red Oak Correlations

ROGSX Fund

USD 44.11 0.02 0.05%

The current 90-days correlation between Red Oak Technology and Pin Oak Equity is -0.04 (i.e., Good diversification). The correlation of Red 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.

Red Oak Correlation With Market

Very weak diversification

The correlation between Red Oak Technology and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Red Oak Technology 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 Red Oak Technology. 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 Red Mutual Fund

0.7	VEEA	Veea Inc Symbol Change	Pair Corr
0.81	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.88	FLYW	Flywire Corp	Pair Corr
0.84	DBX	Dropbox	Pair Corr
0.8	DLO	Dlocal	Pair Corr
0.77	SOS	SOS Limited	Pair Corr
0.81	XRX	Xerox Corp	Pair Corr
0.88	XYZ	Block, Inc Symbol Change	Pair Corr
0.63	ZENA	ZenaTech	Pair Corr

Moving against Red Mutual Fund

0.41	HCP	Hashicorp	Pair Corr
0.61	INFN	Infinera	Pair Corr
0.5	SWI	SolarWinds Corp	Pair Corr
0.39	LGTY	Logility Supply Chain Symbol Change	Pair Corr

Related Correlations Analysis

	POGSX	WOGSX	BOGSX	BFOCX	JAGTX
POGSX		0.93	0.46	0.47	0.41	POGSX
WOGSX	0.93		0.48	0.67	0.57	WOGSX
BOGSX	0.46	0.48		0.48	0.85	BOGSX
BFOCX	0.47	0.67	0.48		0.79	BFOCX
JAGTX	0.41	0.57	0.85	0.79		JAGTX
	POGSX	WOGSX	BOGSX	BFOCX	JAGTX

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Risk-Adjusted Indicators

There is a big difference between Red Mutual Fund performing well and Red 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 Red 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
POGSX	0.95	(0.25)	6.09	1.24	(1.56)	16.35
WOGSX	0.86	(0.19)	7.94	1.44	(1.51)	11.78
BOGSX	1.20	(0.16)	(0.23)	1.65	(3.10)	9.26
BFOCX	2.31	(0.29)	1.17	3.78	(5.17)	12.21
JAGTX	1.18	(0.07)	(0.14)	2.00	(3.18)	6.40

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