Oak Woods Correlations

OAKUW Stock

0.04 0.0003 0.86%

The current 90-days correlation between Oak Woods Acquisition and Patria Latin American is 0.15 (i.e., Average 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

Average diversification

The correlation between Oak Woods Acquisition and DJI is 0.12 (i.e., Average 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 against Oak Stock

0.47	IX	Orix Corp Ads	Pair Corr
0.39	WU	Western Union	Pair Corr
0.38	RM	Regional Management Corp	Pair Corr
0.37	HG	Hamilton Insurance Group,	Pair Corr
0.35	TD	Toronto Dominion Bank Fiscal Year End 5th of December 2024	Pair Corr
0.34	XP	Xp Inc Sell-off Trend	Pair Corr
0.31	WF	Woori Financial Group	Pair Corr

Related Correlations Analysis

	PLAOU	AAVXF	IPSHX	MSTSX	ID	SCAXF	KNF	CIRAX	SEIC	GSHD
PLAOU		0.0	0.38	0.39	0.46	-0.12	0.57	0.12	0.51	0.5	PLAOU
AAVXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AAVXF
IPSHX	0.38	0.0		0.56	0.86	-0.65	0.87	0.15	0.93	0.9	IPSHX
MSTSX	0.39	0.0	0.56		0.46	-0.02	0.67	0.82	0.42	0.33	MSTSX
ID	0.46	0.0	0.86	0.46		-0.67	0.83	0.11	0.81	0.83	ID
SCAXF	-0.12	0.0	-0.65	-0.02	-0.67		-0.46	0.35	-0.63	-0.68	SCAXF
KNF	0.57	0.0	0.87	0.67	0.83	-0.46		0.33	0.86	0.83	KNF
CIRAX	0.12	0.0	0.15	0.82	0.11	0.35	0.33		-0.05	-0.13	CIRAX
SEIC	0.51	0.0	0.93	0.42	0.81	-0.63	0.86	-0.05		0.98	SEIC
GSHD	0.5	0.0	0.9	0.33	0.83	-0.68	0.83	-0.13	0.98		GSHD
	PLAOU	AAVXF	IPSHX	MSTSX	ID	SCAXF	KNF	CIRAX	SEIC	GSHD

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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

GSHD	+ 0.98	SEIC
SEIC	+ 0.93	IPSHX
GSHD	+ 0.9	IPSHX
KNF	+ 0.87	IPSHX
ID	+ 0.86	IPSHX
SEIC	+ 0.86	KNF

High negative correlations

GSHD	- 0.68	SCAXF
SCAXF	- 0.67	ID
SCAXF	- 0.65	IPSHX
SEIC	- 0.63	SCAXF
KNF	- 0.46	SCAXF
GSHD	- 0.13	CIRAX

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
PLAOU	0.15	0.02	0.00	(0.07)	0.00	0.00	0.00	0.00	6.70
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPSHX	0.55	0.03	0.02	0.15	0.45	(0.68)	1.13	(0.98)	3.97
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.77	0.53	0.10	0.68	4.01	(5.10)	7.69	(6.67)	20.54
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
KNF	1.55	0.21	0.13	0.23	1.90	(1.62)	2.77	(2.46)	12.78
CIRAX	0.34	(0.05)	(0.26)	0.00	0.43	(0.34)	0.66	(0.82)	1.81
SEIC	0.81	0.21	0.19	0.37	0.57	(0.95)	1.57	(1.56)	7.23
GSHD	1.67	0.61	0.41	1.00	0.83	(2.15)	5.06	(2.22)	14.35

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