Oakhurst Fixed Correlations

OHFIX Fund

USD 8.82 0.02 0.23%

The current 90-days correlation between Oakhurst Fixed Income and The Gabelli Equity is -0.09 (i.e., Good diversification). The correlation of Oakhurst Fixed 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.

Oakhurst Fixed Correlation With Market

Good diversification

The correlation between Oakhurst Fixed Income and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Fixed Income 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 Oakhurst Fixed Income. 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 gross domestic product.

Moving together with Oakhurst Mutual Fund

0.73	OHSDX	Oakhurst Short Duration	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
1.0	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.62	VEMBX	Vanguard Emerging Markets	Pair Corr

Moving against Oakhurst Mutual Fund

0.73	OASDX	Oakhurst Strategic	Pair Corr
0.73	OHSHX	Oakhurst Short Duration	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.81	FIKHX	Fidelity Advisor Tec	Pair Corr
0.76	CSQ	Calamos Strategic Total	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.72	FSRFX	Transportation Portfolio	Pair Corr
0.72	RGRYX	Victory Rs Growth	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VINIX	Vanguard Institutional	Pair Corr
0.6	VEXRX	Vanguard Explorer	Pair Corr
0.55	FIKAX	Fidelity Advisor Energy	Pair Corr
0.5	BALFX	American Balanced	Pair Corr
0.42	SRORX	Calamos Antetokounmpo	Pair Corr
0.31	MSTSX	Morningstar Unconstrained	Pair Corr
0.72	IMOPX	Voya Midcap Opportunities	Pair Corr
0.71	FHCOX	Federated Hermes Con	Pair Corr
0.71	SWPPX	Schwab Sp 500	Pair Corr
0.71	VIIIX	Vanguard Institutional	Pair Corr

Related Correlations Analysis

	GCAEX	OIEPX	FLDFX	FBMPX	RGELX	DFVEX	GSCYX
GCAEX		0.91	0.93	0.83	0.92	0.93	0.89	GCAEX
OIEPX	0.91		0.83	0.88	0.91	0.97	0.94	OIEPX
FLDFX	0.93	0.83		0.81	0.92	0.89	0.86	FLDFX
FBMPX	0.83	0.88	0.81		0.91	0.9	0.83	FBMPX
RGELX	0.92	0.91	0.92	0.91		0.92	0.86	RGELX
DFVEX	0.93	0.97	0.89	0.9	0.92		0.98	DFVEX
GSCYX	0.89	0.94	0.86	0.83	0.86	0.98		GSCYX
	GCAEX	OIEPX	FLDFX	FBMPX	RGELX	DFVEX	GSCYX

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Risk-Adjusted Indicators

There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Fixed 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 Oakhurst Fixed'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
GCAEX	0.62	(0.04)	(0.08)	0.07	0.58	(0.80)	1.13	(0.96)	4.71
OIEPX	0.52	0.02	0.00	0.14	0.29	(0.61)	1.14	(0.81)	3.69
FLDFX	0.42	(0.05)	(0.16)	0.04	0.52	(0.45)	0.64	(0.98)	2.60
FBMPX	0.72	0.07	0.03	0.22	0.81	(0.72)	1.59	(1.72)	4.09
RGELX	0.57	(0.01)	(0.06)	0.10	0.62	(0.67)	1.31	(1.29)	3.60
DFVEX	0.64	(0.01)	0.00	0.11	0.64	(0.74)	1.41	(1.06)	5.26
GSCYX	0.86	(0.02)	0.03	0.10	0.83	(1.06)	2.14	(1.37)	7.13

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