Cavanal Hill Correlations

AAUSX Fund

USD 10.01 0.00 0.00%

The current 90-days correlation between Cavanal Hill Ultra and Oklahoma Municipal Fund is -0.03 (i.e., Good diversification). The correlation of Cavanal Hill 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.

Cavanal Hill Correlation With Market

Good diversification

The correlation between Cavanal Hill Ultra and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cavanal Hill Ultra and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavanal Hill Ultra. 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 Cavanal Mutual Fund

0.72	APSTX	Limited Duration	Pair Corr
0.98	APUSX	Cavanal Hill Ultra	Pair Corr
0.68	AASTX	Limited Duration	Pair Corr
0.71	AISTX	Limited Duration	Pair Corr
0.98	AIUSX	Cavanal Hillultra Short	Pair Corr
0.87	VWSTX	Vanguard Short Term	Pair Corr
0.89	VWSUX	Vanguard Short Term	Pair Corr
0.74	GDUSX	Goldman Sachs Short	Pair Corr
0.72	GANPX	Goldman Sachs Short	Pair Corr

Moving against Cavanal Mutual Fund

0.35	VGTSX	Vanguard Total Inter	Pair Corr
0.34	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	OKMUX	TWTIX	FCSCX	GABTX	BMBSX	OWCAX
OKMUX		0.98	0.0	0.73	0.97	0.97	OKMUX
TWTIX	0.98		0.15	0.65	0.99	0.98	TWTIX
FCSCX	0.0	0.15		-0.34	0.16	0.11	FCSCX
GABTX	0.73	0.65	-0.34		0.67	0.68	GABTX
BMBSX	0.97	0.99	0.16	0.67		0.98	BMBSX
OWCAX	0.97	0.98	0.11	0.68	0.98		OWCAX
	OKMUX	TWTIX	FCSCX	GABTX	BMBSX	OWCAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BMBSX	+ 0.99	TWTIX
TWTIX	+ 0.98	OKMUX
OWCAX	+ 0.98	TWTIX
OWCAX	+ 0.98	BMBSX
BMBSX	+ 0.97	OKMUX
OWCAX	+ 0.97	OKMUX

High negative correlations

GABTX	- 0.34	FCSCX
FCSCX	- 0.0	OKMUX

Risk-Adjusted Indicators

There is a big difference between Cavanal Mutual Fund performing well and Cavanal Hill 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 Cavanal Hill'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
OKMUX	0.18	0.00	(0.16)	0.07	0.27	(0.26)	0.39	(0.56)	2.01
TWTIX	0.15	0.00	(0.25)	0.12	0.19	(0.20)	0.37	(0.37)	1.31
FCSCX	0.06	0.00	(0.58)	0.35	0.00	(0.25)	0.13	(0.13)	0.67
GABTX	0.57	(0.03)	(0.08)	0.01	1.09	(0.49)	0.98	(1.23)	4.71
BMBSX	0.12	0.00	(0.29)	(0.01)	0.17	(0.15)	0.27	(0.27)	1.06
OWCAX	0.11	0.00	(0.31)	(0.01)	0.13	(0.17)	0.21	(0.31)	0.83

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC