Cavanal Hill Correlations

APUSX Fund

USD 9.99 0.01 0.10%

The current 90-days correlation between Cavanal Hill Ultra and Morgan Stanley Institutional is 0.61 (i.e., Poor 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 -0.1 (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	APWEX	World Energy	Pair Corr
0.66	AALIX	Astonherndon Large Cap	Pair Corr
0.97	AAUSX	Cavanal Hill Ultra	Pair Corr
0.72	AAWEX	World Energy	Pair Corr
0.71	ACWEX	World Energy	Pair Corr
0.65	AILIX	Cavanal Hill Hedged	Pair Corr
0.72	AIWEX	World Energy	Pair Corr
0.84	VWSTX	Vanguard Short Term	Pair Corr
0.84	VWSUX	Vanguard Short Term	Pair Corr
0.74	VTSAX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.65	GAB	Gabelli Equity Trust	Pair Corr
0.71	LLPFX	Longleaf Partners	Pair Corr

Moving against Cavanal Mutual Fund

0.59	APBDX	Bond Fund Investor	Pair Corr
0.59	AABOX	Bond Fund Class	Pair Corr
0.56	AIBNX	Bond Fund Institutional	Pair Corr
0.51	APENX	Strategic Enhanced Yield	Pair Corr
0.51	AIENX	Strategic Enhanced Yield	Pair Corr
0.87	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	MSTXX	IPSAX	SILLX	CCCCX	SRFMX
MSTXX		0.31	0.22	0.38	0.17	MSTXX
IPSAX	0.31		0.98	0.85	0.86	IPSAX
SILLX	0.22	0.98		0.82	0.87	SILLX
CCCCX	0.38	0.85	0.82		0.68	CCCCX
SRFMX	0.17	0.86	0.87	0.68		SRFMX
	MSTXX	IPSAX	SILLX	CCCCX	SRFMX

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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
MSTXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01
IPSAX	0.40	(0.01)	(0.10)	0.08	0.44	(0.45)	0.75	(0.74)	2.42
SILLX	0.58	(0.02)	(0.04)	0.08	0.73	(0.64)	1.44	(1.31)	3.90
CCCCX	0.65	0.21	0.23	0.47	0.23	(0.81)	1.36	(0.88)	3.85
SRFMX	0.53	(0.06)	(0.10)	0.02	0.71	(0.58)	0.99	(1.30)	3.50

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