Angel Oak Correlations

Summary

ANFIXDelisted Fund

USD 7.82 0.00 0.00%

The current 90-days correlation between Angel Oak Flexible and Victory Strategic Allocation is 0.1 (i.e., Average diversification). The correlation of Angel 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.

Angel Oak Correlation With Market

Good diversification

The correlation between Angel Oak Flexible and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angel Oak Flexible and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 Angel Mutual Fund

0.76	PFN	Pimco Income Strategy	Pair Corr
0.81	XNKGX	Nuveen Georgia Quality	Pair Corr
0.86	XPPRX	Voya Prime Rate	Pair Corr
0.88	PCF	Putnam High Income	Pair Corr
0.82	AMGIX	Income Growth	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.86	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.79	BAC	Bank of America Aggressive Push	Pair Corr
0.83	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.69	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.91	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Angel Mutual Fund

0.56	XNXJX	Nuveen New Jersey	Pair Corr
0.54	VBITX	Vanguard Short Term	Pair Corr
0.53	VBISX	Vanguard Short Term	Pair Corr
0.51	XNBHX	Neuberger Berman Int	Pair Corr
0.48	VBIRX	Vanguard Short Term	Pair Corr
0.41	NXJ	Nuveen New Jersey	Pair Corr
0.33	VFSTX	Vanguard Short Term	Pair Corr
0.83	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	VBFIX	TRBCX	RETSX	TFCCX	LBISX	TRLGX	RCLIX	AAARX
VBFIX		0.68	0.72	0.52	0.63	0.63	0.73	0.81	VBFIX
TRBCX	0.68		0.98	0.9	0.91	0.99	0.92	0.91	TRBCX
RETSX	0.72	0.98		0.94	0.96	0.98	0.95	0.96	RETSX
TFCCX	0.52	0.9	0.94		0.98	0.93	0.92	0.86	TFCCX
LBISX	0.63	0.91	0.96	0.98		0.93	0.93	0.91	LBISX
TRLGX	0.63	0.99	0.98	0.93	0.93		0.93	0.91	TRLGX
RCLIX	0.73	0.92	0.95	0.92	0.93	0.93		0.9	RCLIX
AAARX	0.81	0.91	0.96	0.86	0.91	0.91	0.9		AAARX
	VBFIX	TRBCX	RETSX	TFCCX	LBISX	TRLGX	RCLIX	AAARX

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Risk-Adjusted Indicators

There is a big difference between Angel Mutual Fund performing well and Angel 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 Angel 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VBFIX	0.35	0.02	(0.23)	0.43	0.39	(0.40)	0.70	(0.79)	2.01
TRBCX	0.72	0.03	0.01	0.16	0.93	(0.68)	1.66	(2.18)	4.86
RETSX	0.53	(0.01)	(0.04)	0.12	0.63	(0.56)	1.04	(1.46)	4.06
TFCCX	0.50	0.01	(0.03)	0.14	0.39	(0.57)	0.93	(0.98)	3.59
LBISX	0.57	0.00	(0.01)	0.13	0.38	(0.68)	1.14	(0.95)	4.72
TRLGX	0.66	0.02	0.00	0.16	0.90	(0.63)	1.50	(1.94)	4.73
RCLIX	0.53	0.06	(0.08)	3.23	0.68	(0.55)	1.10	(1.49)	4.03
AAARX	0.43	(0.01)	(0.09)	0.11	0.44	(0.51)	0.93	(0.70)	2.37

Angel Oak Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Angel Oak mutual fund to make a market-neutral strategy. Peer analysis of Angel Oak could also be used in its relative valuation, which is a method of valuing Angel Oak by comparing valuation metrics with similar companies.

Victory Strategic Allocation T Rowe Price Tax Managed Large Cap Touchstone Large Cap Legg Mason Bw T Rowe Price T Rowe Price Strategic Allocation Aggressive American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Angel Oak Flexible?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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