White Oak Correlations

WOGSX Fund

USD 136.81 0.01 0.01%

The correlation of White 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.

White Oak Correlation With Market

Very weak diversification

The correlation between White Oak Select and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding White Oak Select and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in White Oak Select. 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 White Mutual Fund

0.77	ROGSX	Red Oak Technology	Pair Corr
0.67	RCKSX	Rock Oak E	Pair Corr
0.85	POGSX	Pin Oak Equity	Pair Corr
0.67	RIVSX	River Oak Discovery	Pair Corr
0.84	BOGSX	Black Oak Emerging	Pair Corr
0.65	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VTSMX	Vanguard Total Stock	Pair Corr
0.68	VITSX	Vanguard Total Stock	Pair Corr
0.68	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.68	VFFSX	Vanguard 500 Index	Pair Corr
0.76	VINIX	Vanguard Institutional	Pair Corr
0.76	VIIIX	Vanguard Institutional	Pair Corr

Moving against White Mutual Fund

0.45	HIO	Western Asset High	Pair Corr
0.36	WATCX	Western Asset Interm	Pair Corr
0.37	FSUGX	American Funds Government	Pair Corr

Related Correlations Analysis

	ROGSX	POGSX	BOGSX	LMVTX	RSEGX
ROGSX		0.67	0.93	0.63	0.85	ROGSX
POGSX	0.67		0.85	0.11	0.45	POGSX
BOGSX	0.93	0.85		0.47	0.77	BOGSX
LMVTX	0.63	0.11	0.47		0.63	LMVTX
RSEGX	0.85	0.45	0.77	0.63		RSEGX
	ROGSX	POGSX	BOGSX	LMVTX	RSEGX

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Risk-Adjusted Indicators

There is a big difference between White Mutual Fund performing well and White 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 White 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
ROGSX	1.23	(0.21)	0.69	1.67	(3.29)	6.71
POGSX	0.98	(0.26)	(5.59)	1.24	(1.82)	16.35
BOGSX	1.21	(0.24)	3.44	1.65	(3.10)	9.26
LMVTX	0.77	(0.01)	(0.08)	1.38	(1.92)	3.81
RSEGX	1.19	(0.22)	(0.27)	1.77	(3.28)	6.33

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