Oak Woods Correlations

OAKUR Stock

0.19 0.01 5.00%

The current 90-days correlation between Oak Woods Acquisition and Visa Class A is 0.04 (i.e., Significant diversification). The correlation of Oak Woods 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.

Oak Woods Correlation With Market

Good diversification

The correlation between Oak Woods Acquisition and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Woods Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oak Woods Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Oak Stock

0.65

Ready Capital Corp

Pair Corr

Moving against Oak Stock

0.63	AC	Associated Capital	Pair Corr
0.62	AB	AllianceBernstein	Pair Corr
0.61	CG	Carlyle Group	Pair Corr
0.59	LX	Lexinfintech Holdings Trending	Pair Corr
0.58	TW	Tradeweb Markets	Pair Corr
0.54	LC	LendingClub Corp	Pair Corr
0.54	QD	Qudian Inc	Pair Corr
0.52	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.51	MA	Mastercard	Pair Corr
0.49	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.49	VCTR	Victory Capital Holdings	Pair Corr
0.45	GCMGW	GCM Grosvenor	Pair Corr
0.42	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.41	BN	Brookfield Corp	Pair Corr
0.39	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.35	DB	Deutsche Bank AG	Pair Corr
0.33	DIST	Distoken Acquisition	Pair Corr
0.33	PX	P10 Inc	Pair Corr
0.7	WAVS	Western Acquisition	Pair Corr
0.7	EVGR	Evergreen Corp	Pair Corr
0.69	DYCQ	DT Cloud Acquisition	Pair Corr
0.63	ESHA	ESH Acquisition Corp	Pair Corr
0.55	ANSCW	Agriculture Natural	Pair Corr
0.52	DISTR	Distoken Acquisition	Pair Corr
0.43	EMCG	Embrace Change Acqui	Pair Corr
0.41	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.78	0.88	0.57	0.55	0.74	0.87	0.68	-0.15	0.48	V
DHIL	0.78		0.75	0.43	0.47	0.75	0.76	0.59	-0.02	0.54	DHIL
DIST	0.88	0.75		0.58	0.63	0.84	0.89	0.76	0.02	0.39	DIST
AB	0.57	0.43	0.58		0.9	0.77	0.79	0.89	0.45	0.33	AB
AC	0.55	0.47	0.63	0.9		0.83	0.78	0.92	0.54	0.23	AC
BN	0.74	0.75	0.84	0.77	0.83		0.92	0.93	0.36	0.44	BN
BX	0.87	0.76	0.89	0.79	0.78	0.92		0.9	0.15	0.52	BX
CG	0.68	0.59	0.76	0.89	0.92	0.93	0.9		0.46	0.3	CG
DB	-0.15	-0.02	0.02	0.45	0.54	0.36	0.15	0.46		-0.12	DB
DX	0.48	0.54	0.39	0.33	0.23	0.44	0.52	0.3	-0.12		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

CG	+ 0.93	BN
CG	+ 0.92	AC
BX	+ 0.92	BN
AC	+ 0.9	AB
CG	+ 0.9	BX
BX	+ 0.89	DIST

High negative correlations

DB	- 0.15	V
DX	- 0.12	DB
DB	- 0.02	DHIL

Risk-Adjusted Indicators

There is a big difference between Oak Stock performing well and Oak Woods Company 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 Oak Woods' 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
V	0.83	0.14	0.09	0.31	1.05	(0.95)	2.23	(1.30)	7.73
DHIL	1.23	(0.12)	(0.05)	0.05	1.19	(1.58)	2.22	(2.05)	9.06
DIST	0.18	0.06	(0.12)	1.18	0.00	(0.37)	0.37	(0.18)	2.25
AB	1.05	0.02	(0.01)	0.16	1.08	(1.20)	2.46	(2.22)	7.82
AC	1.19	0.13	0.05	0.29	1.65	(1.26)	3.02	(2.64)	12.11
BN	1.23	0.15	0.14	0.23	1.17	(1.42)	2.45	(1.92)	6.44
BX	1.31	0.30	0.25	0.34	0.94	(1.52)	3.21	(2.21)	9.25
CG	1.58	0.19	0.19	0.22	1.36	(1.87)	4.10	(2.22)	13.11
DB	1.37	(0.02)	(0.03)	0.10	1.73	(1.45)	3.08	(2.93)	8.64
DX	0.75	(0.01)	(0.08)	0.11	1.04	(0.72)	1.38	(1.47)	4.37

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