Angel Oak Correlations
| AOIIXDelisted Fund | USD 8.41 0.00 0.00% |
The current 90-days correlation between Angel Oak Core and Fidelity Advisor Health is -0.09 (i.e., Good 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 Core 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 Core and DJI in the same portfolio, assuming nothing else is changed.
Angel |
Moving together with Angel Mutual Fund
| 0.77 | MWTNX | Metropolitan West Total | PairCorr |
| 0.8 | MWTSX | Metropolitan West Total | PairCorr |
| 0.76 | PTTPX | Pimco Total Return | PairCorr |
| 0.76 | PTRRX | Total Return | PairCorr |
| 0.76 | PTRAX | Total Return | PairCorr |
| 0.74 | PTTRX | Total Return | PairCorr |
| 0.74 | FIWGX | Strategic Advisers | PairCorr |
| 0.75 | DODIX | Dodge Income | PairCorr |
| 0.78 | MWTIX | Metropolitan West Total | PairCorr |
| 0.77 | MWTRX | Metropolitan West Total | PairCorr |
| 0.68 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.64 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Angel Mutual Fund
| 0.73 | XNKGX | Nuveen Georgia Quality | PairCorr |
| 0.59 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.54 | PCF | Putnam High Income | PairCorr |
| 0.49 | XPPRX | Voya Prime Rate | PairCorr |
| 0.35 | PFN | Pimco Income Strategy | PairCorr |
| 0.77 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.76 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.73 | CSCO | Cisco Systems | PairCorr |
| 0.7 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.67 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.6 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.59 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.54 | WMT | Walmart | PairCorr |
| 0.38 | INTC | Intel Sell-off Trend | PairCorr |
| 0.35 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.71 | 0.82 | 0.94 | 0.84 | 0.76 | 0.91 | FHCCX | ||
| 0.71 | 0.65 | 0.65 | 0.55 | 0.58 | 0.69 | LYFAX | ||
| 0.82 | 0.65 | 0.9 | 0.96 | 0.97 | 0.95 | XXGRX | ||
| 0.94 | 0.65 | 0.9 | 0.9 | 0.87 | 0.96 | BHCHX | ||
| 0.84 | 0.55 | 0.96 | 0.9 | 0.97 | 0.93 | RAGHX | ||
| 0.76 | 0.58 | 0.97 | 0.87 | 0.97 | 0.94 | VGHCX | ||
| 0.91 | 0.69 | 0.95 | 0.96 | 0.93 | 0.94 | BHSRX | ||
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FHCCX | 0.68 | (0.12) | 0.00 | (0.05) | 0.00 | 1.05 | 4.04 | |||
| LYFAX | 0.61 | (0.13) | 0.00 | (0.11) | 0.00 | 1.10 | 3.82 | |||
| XXGRX | 0.63 | (0.14) | 0.00 | (0.69) | 0.00 | 1.01 | 2.74 | |||
| BHCHX | 0.65 | (0.15) | 0.00 | (0.10) | 0.00 | 1.27 | 4.20 | |||
| RAGHX | 0.60 | (0.08) | 0.00 | (0.32) | 0.00 | 0.96 | 3.33 | |||
| VGHCX | 0.58 | (0.15) | 0.00 | (0.85) | 0.00 | 0.82 | 3.84 | |||
| BHSRX | 0.56 | (0.16) | 0.00 | (0.15) | 0.00 | 0.91 | 3.39 |
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.
| Risk & Return | Correlation |
Still Interested in Angel Oak Core?
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.