Live Oak Correlations

LOGSX Fund

USD 21.98 0.10 0.46%

The current 90-days correlation between Live Oak Health and Black Oak Emerging is 0.47 (i.e., Very weak diversification). The correlation of Live 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.

Live Oak Correlation With Market

Very weak diversification

The correlation between Live Oak Health and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Oak Health and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Live Oak Health. 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 LIVE Mutual Fund

0.77	VGHAX	Vanguard Health Care	Pair Corr
0.77	VGHCX	Vanguard Health Care	Pair Corr
0.82	PRHSX	T Rowe Price	Pair Corr
0.82	THISX	T Rowe Price	Pair Corr
0.79	VHCIX	Vanguard Health Care	Pair Corr
0.82	SHISX	Blackrock Health Sciences	Pair Corr
0.82	SHSCX	Blackrock Health Sciences	Pair Corr
0.82	SHSAX	Blackrock Health Sciences	Pair Corr
0.82	SHSSX	Blackrock Health Sciences	Pair Corr
0.67	FSPHX	Health Care Portfolio	Pair Corr

Moving against LIVE Mutual Fund

0.44	ROGSX	Red Oak Technology	Pair Corr
0.41	RCKSX	Rock Oak E	Pair Corr
0.35	BOGSX	Black Oak Emerging	Pair Corr
0.33	WOGSX	White Oak Select	Pair Corr
0.7	RQECX	Resq Dynamic Allocation	Pair Corr
0.7	FEMDX	Franklin Emerging Market	Pair Corr
0.63	RIV	Rivernorth Opportunities	Pair Corr
0.63	LLPFX	Longleaf Partners	Pair Corr
0.58	DPG	Duff And Phelps	Pair Corr
0.55	VIGAX	Vanguard Growth Index	Pair Corr
0.54	VFINX	Vanguard 500 Index	Pair Corr
0.54	VFIAX	Vanguard 500 Index	Pair Corr
0.53	LTFOX	Lord Abbett Affiliated	Pair Corr
0.52	VTSMX	Vanguard Total Stock	Pair Corr
0.48	FBALX	Fidelity Balanced	Pair Corr
0.34	PAHHX	T Rowe Price	Pair Corr
0.32	SMERX	Invesco Small Cap	Pair Corr

Related Correlations Analysis

	BOGSX	POGSX	ROGSX	WOGSX	RCKSX
BOGSX		0.87	0.94	0.95	0.86	BOGSX
POGSX	0.87		0.85	0.93	0.95	POGSX
ROGSX	0.94	0.85		0.94	0.81	ROGSX
WOGSX	0.95	0.93	0.94		0.89	WOGSX
RCKSX	0.86	0.95	0.81	0.89		RCKSX
	BOGSX	POGSX	ROGSX	WOGSX	RCKSX

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Risk-Adjusted Indicators

There is a big difference between LIVE Mutual Fund performing well and Live 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 Live 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
BOGSX	0.97	(0.09)	(0.03)	0.05	1.38	(0.97)	1.92	(2.25)	6.17
POGSX	0.63	(0.05)	(0.06)	0.07	0.80	(0.63)	1.20	(1.70)	4.73
ROGSX	0.87	(0.09)	(0.05)	0.04	1.35	(0.85)	1.70	(2.51)	5.59
WOGSX	0.62	(0.08)	(0.10)	0.03	0.84	(0.61)	1.22	(1.59)	4.27
RCKSX	0.65	0.03	0.02	0.15	0.66	(0.76)	1.37	(1.16)	5.01

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