Oklahoma College Correlations

FWOKX Fund

USD 12.53 0.05 0.40%

The current 90-days correlation between Oklahoma College Savings and Environment And Alternative is 0.64 (i.e., Poor diversification). The correlation of Oklahoma College 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.

Oklahoma College Correlation With Market

Modest diversification

The correlation between Oklahoma College Savings and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oklahoma College Savings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Oklahoma College Savings. 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 industry.

Moving together with Oklahoma Mutual Fund

0.97	VGTSX	Vanguard Total Inter	Pair Corr
0.97	VTIAX	Vanguard Total Inter	Pair Corr
0.87	NHS	Neuberger Berman High	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.74	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.71	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Oklahoma Mutual Fund

0.47	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.43	AXP	American Express Earnings Call This Week	Pair Corr
0.42	WMT	Walmart	Pair Corr
0.32	BAC	Bank of America Sell-off Trend	Pair Corr

Related Correlations Analysis

	FSLEX	VENAX	GLPAX	SMAPX	PDX
FSLEX		0.21	0.74	0.65	0.57	FSLEX
VENAX	0.21		0.49	0.62	0.31	VENAX
GLPAX	0.74	0.49		0.97	0.88	GLPAX
SMAPX	0.65	0.62	0.97		0.85	SMAPX
PDX	0.57	0.31	0.88	0.85		PDX
	FSLEX	VENAX	GLPAX	SMAPX	PDX

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Risk-Adjusted Indicators

There is a big difference between Oklahoma Mutual Fund performing well and Oklahoma College 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 Oklahoma College'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
FSLEX	0.83	0.06	0.04	0.19	1.18	(0.82)	1.84	(1.67)	6.96
VENAX	0.83	0.04	0.02	0.17	1.14	(0.82)	1.46	(2.12)	6.91
GLPAX	0.64	0.16	0.17	0.55	0.57	(0.70)	1.56	(1.28)	4.45
SMAPX	0.86	0.19	0.15	0.55	0.90	(0.95)	2.10	(1.83)	5.45
PDX	1.44	0.50	0.45	0.66	0.62	(1.99)	3.33	(1.53)	21.31

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