Cavanal Hill Correlations

AILIX Fund

USD 11.55 0.04 0.35%

The current 90-days correlation between Cavanal Hill Hedged and Bond Fund Investor is -0.27 (i.e., Very 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

Very poor diversification

The correlation between Cavanal Hill Hedged and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cavanal Hill Hedged 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 Hedged. 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 gross domestic product.

Moving together with Cavanal Mutual Fund

1.0	APLIX	Cavanal Hill Hedged	Pair Corr
0.65	APUSX	Cavanal Hill Ultra	Pair Corr
0.89	APWEX	World Energy	Pair Corr
1.0	AALIX	Astonherndon Large Cap	Pair Corr
0.73	AAUSX	Cavanal Hill Ultra	Pair Corr
0.89	AAWEX	World Energy	Pair Corr
0.89	ACWEX	World Energy	Pair Corr
0.7	AIUSX	Cavanal Hillultra Short	Pair Corr
0.89	AIWEX	World Energy	Pair Corr
0.98	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.98	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.97	GTENX	Gateway Fund Class	Pair Corr
0.97	GTECX	Gateway Fund Class	Pair Corr
0.97	GTEYX	Gateway Fund Class	Pair Corr
0.97	GATEX	Gateway Fund Class	Pair Corr
0.97	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.82	FTCAX	Templeton Strained Bond	Pair Corr
0.89	PYAIX	Payden Absolute Return	Pair Corr
0.89	PYARX	Payden Absolute Return	Pair Corr
0.81	BCAAX	Brandywineglobal C	Pair Corr

Moving against Cavanal Mutual Fund

0.72	APBDX	Bond Fund Investor	Pair Corr
0.72	AABOX	Bond Fund Class	Pair Corr
0.72	AIBNX	Bond Fund Institutional	Pair Corr
0.68	APENX	Strategic Enhanced Yield	Pair Corr
0.68	AAENX	Strategic Enhanced Yield	Pair Corr
0.67	AIENX	Strategic Enhanced Yield	Pair Corr
0.42	APSTX	Limited Duration	Pair Corr
0.41	AISTX	Limited Duration	Pair Corr
0.39	AASTX	Limited Duration	Pair Corr
0.96	USPSX	Profunds Ultrashort Potential Growth	Pair Corr
0.96	USPIX	Profunds Ultrashort Potential Growth	Pair Corr
0.93	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	APBDX	APENX	APLIX	APSTX	APUSX	APWEX	AABOX	AAENX	AASTX
APBDX		0.99	-0.72	0.88	-0.63	-0.85	1.0	1.0	0.87	APBDX
APENX	0.99		-0.67	0.9	-0.58	-0.82	0.99	1.0	0.89	APENX
APLIX	-0.72	-0.67		-0.41	0.64	0.89	-0.72	-0.68	-0.39	APLIX
APSTX	0.88	0.9	-0.41		-0.27	-0.62	0.88	0.9	0.99	APSTX
APUSX	-0.63	-0.58	0.64	-0.27		0.74	-0.62	-0.6	-0.24	APUSX
APWEX	-0.85	-0.82	0.89	-0.62	0.74		-0.85	-0.83	-0.59	APWEX
AABOX	1.0	0.99	-0.72	0.88	-0.62	-0.85		1.0	0.87	AABOX
AAENX	1.0	1.0	-0.68	0.9	-0.6	-0.83	1.0		0.89	AAENX
AASTX	0.87	0.89	-0.39	0.99	-0.24	-0.59	0.87	0.89		AASTX
	APBDX	APENX	APLIX	APSTX	APUSX	APWEX	AABOX	AAENX	AASTX

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

AABOX	+ 1.0	APBDX
AAENX	+ 1.0	APBDX
AAENX	+ 1.0	APENX
AAENX	+ 1.0	AABOX
APENX	+ 0.99	APBDX
AABOX	+ 0.99	APENX

High negative correlations

AABOX	- 0.85	APWEX
APWEX	- 0.85	APBDX
AAENX	- 0.83	APWEX
APWEX	- 0.82	APENX
AABOX	- 0.72	APLIX
APLIX	- 0.72	APBDX

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
APBDX	0.21	(0.02)	0.00	0.38	0.00	0.00	0.36	(0.47)	1.18
APENX	0.19	(0.02)	0.00	0.55	0.00	0.00	0.34	(0.45)	1.11
APLIX	0.39	(0.03)	(0.14)	0.07	0.46	(0.44)	0.80	(0.95)	2.71
APSTX	0.09	0.00	(0.74)	0.24	0.11	(0.14)	0.22	(0.22)	0.65
APUSX	0.03	0.00	0.00	(0.31)	0.00	0.00	0.10	0.00	0.40
APWEX	0.89	0.10	0.08	0.21	0.95	(0.97)	2.01	(1.67)	5.80
AABOX	0.22	(0.02)	0.00	0.40	0.00	0.00	0.47	(0.59)	1.30
AAENX	0.19	(0.02)	0.00	0.61	0.00	0.00	0.34	(0.57)	1.15
AASTX	0.09	(0.01)	(0.75)	0.45	0.11	(0.13)	0.21	(0.22)	0.75

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