Live Oak Correlations

LOGSX Fund

USD 23.71 0.06 0.25%

The current 90-days correlation between Live Oak Health and Wesmark Tactical Opportunity is 0.05 (i.e., Significant 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 0.52 (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 real.

Moving together with Live Mutual Fund

0.62	POGSX	Pin Oak Equity	Pair Corr
0.63	WOGSX	White Oak Select	Pair Corr
0.94	VGHAX	Vanguard Health Care	Pair Corr
0.95	VGHCX	Vanguard Health Care	Pair Corr
0.61	THISX	T Rowe Price	Pair Corr
0.77	PRHSX	T Rowe Price	Pair Corr
0.97	VHCIX	Vanguard Health Care	Pair Corr
0.9	BHSRX	Blackrock Health Sciences	Pair Corr
0.7	SHSKX	Blackrock Health Sciences	Pair Corr
0.83	SHISX	Blackrock Health Sciences	Pair Corr
0.71	SHSCX	Blackrock Health Sciences	Pair Corr
0.69	SHSAX	Blackrock Health Sciences	Pair Corr
0.8	NXJ	Nuveen New Jersey	Pair Corr
0.75	PQCMX	Prudential Commodity	Pair Corr
0.65	NFICX	Neuberger Berman Floating	Pair Corr

Moving against Live Mutual Fund

0.45

XNXJX

Nuveen New Jersey

Pair Corr

Related Correlations Analysis

	WMKTX	TRARX	FLRYX	PVFAX	IICAX	MADFX	APPLX	MYIFX	FFBFX	VAGIX
WMKTX		0.81	0.92	-0.1	0.72	0.88	0.71	0.48	0.62	0.32	WMKTX
TRARX	0.81		0.84	0.1	0.81	0.77	0.68	0.79	0.52	0.49	TRARX
FLRYX	0.92	0.84		-0.04	0.71	0.94	0.73	0.56	0.56	0.34	FLRYX
PVFAX	-0.1	0.1	-0.04		0.2	0.0	0.2	0.26	0.3	0.03	PVFAX
IICAX	0.72	0.81	0.71	0.2		0.72	0.75	0.71	0.76	0.19	IICAX
MADFX	0.88	0.77	0.94	0.0	0.72		0.79	0.42	0.61	0.33	MADFX
APPLX	0.71	0.68	0.73	0.2	0.75	0.79		0.55	0.8	-0.04	APPLX
MYIFX	0.48	0.79	0.56	0.26	0.71	0.42	0.55		0.44	0.14	MYIFX
FFBFX	0.62	0.52	0.56	0.3	0.76	0.61	0.8	0.44		-0.23	FFBFX
VAGIX	0.32	0.49	0.34	0.03	0.19	0.33	-0.04	0.14	-0.23		VAGIX
	WMKTX	TRARX	FLRYX	PVFAX	IICAX	MADFX	APPLX	MYIFX	FFBFX	VAGIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MADFX	+ 0.94	FLRYX
FLRYX	+ 0.92	WMKTX
MADFX	+ 0.88	WMKTX
FLRYX	+ 0.84	TRARX
TRARX	+ 0.81	WMKTX
IICAX	+ 0.81	TRARX

High negative correlations

VAGIX	- 0.23	FFBFX
PVFAX	- 0.1	WMKTX
VAGIX	- 0.04	APPLX
PVFAX	- 0.04	FLRYX
MADFX	- 0.0	PVFAX

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
WMKTX	0.47	0.09	0.05	0.56	0.35	(0.56)	0.92	(0.76)	4.70
TRARX	0.19	0.00	(0.19)	0.07	0.15	(0.23)	0.44	(0.35)	1.13
FLRYX	0.70	0.09	0.07	0.17	0.80	(0.71)	1.45	(1.37)	7.87
PVFAX	1.22	(0.31)	0.00	(0.14)	0.00	0.00	2.04	(3.18)	21.97
IICAX	0.52	0.01	(0.07)	0.17	0.68	(0.54)	1.17	(1.12)	2.59
MADFX	0.67	0.10	0.13	0.22	0.42	(0.87)	1.20	(1.06)	7.02
APPLX	0.61	0.02	0.00	0.10	0.68	(0.65)	1.19	(1.23)	2.95
MYIFX	0.71	(0.04)	(0.05)	0.03	0.95	(0.77)	1.46	(1.53)	3.92
FFBFX	1.22	(0.03)	(0.04)	(0.01)	1.81	(1.19)	2.49	(3.18)	7.60
VAGIX	0.14	0.02	(0.33)	(0.80)	0.00	(0.19)	0.31	(0.23)	0.84

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