Angel Oak Correlations
ANGLX Fund | USD 8.69 0.01 0.12% |
The current 90-days correlation between Angel Oak Multi and Alliancebernstein Global Highome is 0.07 (i.e., Significant 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
Average diversification
The correlation between Angel Oak Multi Strategy and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angel Oak Multi Strategy and DJI in the same portfolio, assuming nothing else is changed.
Angel |
Moving together with Angel Mutual Fund
0.99 | ANGCX | Angel Oak Multi | PairCorr |
0.87 | DSL | Doubleline Income | PairCorr |
0.82 | AOUNX | Angel Oak Ultrashort | PairCorr |
0.94 | PONAX | Pimco Income | PairCorr |
0.93 | PONCX | Pimco Income | PairCorr |
0.94 | PIPNX | Pimco Income | PairCorr |
0.94 | PONRX | Pimco Income | PairCorr |
0.94 | PONPX | Pimco Incme Fund | PairCorr |
0.94 | PIINX | Pimco Income | PairCorr |
0.92 | PIMIX | Pimco Income | PairCorr |
0.71 | LBNDX | Lord Abbett Bond | PairCorr |
0.72 | FSTAX | Fidelity Advisor Str | PairCorr |
0.74 | FSRIX | Fidelity Advisor Str | PairCorr |
0.72 | REMVX | Rbc Emerging Markets Potential Growth | PairCorr |
0.86 | JHYUX | Jpmorgan High Yield | PairCorr |
0.78 | RRQPX | American Funds Retirement | PairCorr |
0.62 | PAAOX | T Rowe Price | PairCorr |
0.92 | JGIAX | Jpmorgan Income | PairCorr |
0.8 | PWLEX | Pimco Rae Worldwide | PairCorr |
0.94 | BSIIX | Blackrock Strategic | PairCorr |
0.76 | DHIYX | Diamond Hill Interna | PairCorr |
0.81 | AGDZX | Ab High Income | PairCorr |
0.63 | PYLMX | Payden Limited Maturity | PairCorr |
0.77 | RULFX | Rbc Ultra Short | PairCorr |
0.83 | TIERX | Tiaa Cref International | PairCorr |
0.9 | PDVAX | Diversified Income | PairCorr |
0.93 | UASBX | Short Term Bond | PairCorr |
0.83 | SEBFX | Saturna Sustainable Bond | PairCorr |
Moving against Angel Mutual Fund
0.53 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.53 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.41 | RGNCX | Victory Global Natural | PairCorr |
0.4 | RSNYX | Victory Global Natural | PairCorr |
0.4 | RSNRX | Victory Global Natural | PairCorr |
0.36 | FIKGX | Fidelity Advisor Sem | PairCorr |
0.36 | FELIX | Fidelity Advisor Sem | PairCorr |
0.33 | FSELX | Fidelity Select Semi | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
XAWFX | 0.13 | 0.00 | 0.08 | 0.32 | 0.20 | 0.26 | 1.15 | |||
MFIRX | 0.11 | 0.03 | 0.22 | 0.67 | 0.00 | 0.19 | 0.76 | |||
DBLGX | 0.25 | 0.01 | 0.14 | 0.09 | 0.20 | 0.62 | 1.45 | |||
DBIWX | 0.23 | 0.03 | 0.15 | (0.47) | 0.25 | 0.59 | 1.86 | |||
DHGCX | 0.17 | 0.02 | 0.21 | 0.23 | 0.06 | 0.37 | 1.10 | |||
WRLDX | 0.53 | 0.02 | 0.03 | (0.01) | 0.82 | 0.94 | 3.49 | |||
ANAGX | 0.19 | 0.01 | 0.16 | (0.56) | 0.11 | 0.44 | 1.17 |