Oakhurst Short Correlations

OHSDX Fund

USD 9.41 0.01 0.11%

The current 90-days correlation between Oakhurst Short Duration and Oakhurst Strategic Defined is 0.25 (i.e., Modest diversification). The correlation of Oakhurst Short 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 Short Correlation With Market

Significant diversification

The correlation between Oakhurst Short Duration and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Short Duration 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 Short Duration. 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 unemployment.

Moving together with Oakhurst Mutual Fund

0.79	OHSHX	Oakhurst Short Duration	Pair Corr
0.87	VBIRX	Vanguard Short Term	Pair Corr
0.87	VFSUX	Vanguard Short Term	Pair Corr
0.81	VFSIX	Vanguard Short Term	Pair Corr
0.87	VFSTX	Vanguard Short Term	Pair Corr
0.8	VBITX	Vanguard Short Term	Pair Corr
0.79	VBISX	Vanguard Short Term	Pair Corr
0.72	LALDX	Lord Abbett Short	Pair Corr
0.86	VSCSX	Vanguard Short Term	Pair Corr
0.82	LDLAX	Lord Abbett Short	Pair Corr
0.89	LDLRX	Lord Abbett Short	Pair Corr
0.75	PFN	Pimco Income Strategy	Pair Corr
0.78	CIF	Mfs Intermediate High	Pair Corr
0.61	XNKGX	Nuveen Georgia Quality	Pair Corr
0.8	XPPRX	Voya Prime Rate	Pair Corr
0.69	HFLYX	Hartford Floating	Pair Corr
0.7	MIGPX	Global Advantage Por	Pair Corr
0.68	PGTIX	T Rowe Price	Pair Corr
0.66	ENGYX	Cboe Vest Sp	Pair Corr
0.74	EIBIX	Eaton Vance Income	Pair Corr
0.68	AQMRX	Aqr Managed Futures	Pair Corr
0.67	FSCPX	Consumer Discretionary	Pair Corr
0.73	HGOTX	Hartford Growth Oppo	Pair Corr
0.69	CFRFX	Catalyst/cifc Floating	Pair Corr
0.71	ENTIX	Entrepreneurshares	Pair Corr
0.89	LPXCX	Cohen Steers Low	Pair Corr
0.65	WCPIX	Mobile Telecommunicatio	Pair Corr

Related Correlations Analysis

	OASDX	OHFIX	OHSHX	OHSDX	FFRDX	LCCMX	OOSYX	SPPIX	PBSIX	DPIGX
OASDX		0.74	-0.02	-0.01	-0.38	-0.29	-0.56	-0.47	0.48	-0.12	OASDX
OHFIX	0.74		-0.01	0.31	-0.24	-0.31	-0.43	-0.46	0.35	0.1	OHFIX
OHSHX	-0.02	-0.01		0.79	0.86	0.87	0.75	0.6	0.71	0.83	OHSHX
OHSDX	-0.01	0.31	0.79		0.75	0.61	0.62	0.35	0.49	0.88	OHSDX
FFRDX	-0.38	-0.24	0.86	0.75		0.92	0.95	0.72	0.47	0.85	FFRDX
LCCMX	-0.29	-0.31	0.87	0.61	0.92		0.9	0.7	0.56	0.77	LCCMX
OOSYX	-0.56	-0.43	0.75	0.62	0.95	0.9		0.72	0.28	0.77	OOSYX
SPPIX	-0.47	-0.46	0.6	0.35	0.72	0.7	0.72		0.34	0.41	SPPIX
PBSIX	0.48	0.35	0.71	0.49	0.47	0.56	0.28	0.34		0.44	PBSIX
DPIGX	-0.12	0.1	0.83	0.88	0.85	0.77	0.77	0.41	0.44		DPIGX
	OASDX	OHFIX	OHSHX	OHSDX	FFRDX	LCCMX	OOSYX	SPPIX	PBSIX	DPIGX

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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

OOSYX	+ 0.95	FFRDX
LCCMX	+ 0.92	FFRDX
OOSYX	+ 0.9	LCCMX
DPIGX	+ 0.88	OHSDX
LCCMX	+ 0.87	OHSHX
FFRDX	+ 0.86	OHSHX

High negative correlations

OOSYX	- 0.56	OASDX
SPPIX	- 0.47	OASDX
SPPIX	- 0.46	OHFIX
OOSYX	- 0.43	OHFIX
FFRDX	- 0.38	OASDX
LCCMX	- 0.31	OHFIX

Risk-Adjusted Indicators

There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Short 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 Short'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
OASDX	0.55	(0.11)	0.00	3.73	0.00	0.00	0.78	(0.85)	10.82
OHFIX	0.24	(0.03)	0.00	(0.46)	0.00	0.00	0.46	(0.46)	1.49
OHSHX	0.11	0.01	(0.03)	0.61	0.00	(0.15)	0.23	(0.22)	0.90
OHSDX	0.08	0.00	(0.18)	(0.47)	0.03	(0.13)	0.21	(0.11)	0.43
FFRDX	0.12	0.02	0.00	0.72	0.00	(0.27)	0.13	(0.13)	1.32
LCCMX	0.12	0.05	0.00	1.74	0.00	0.00	0.25	0.00	1.84
OOSYX	0.10	0.02	0.00	(1.14)	0.00	(0.37)	0.31	(0.15)	1.07
SPPIX	1.52	0.12	0.05	(0.95)	1.79	(1.60)	3.25	(3.35)	10.57
PBSIX	0.95	0.09	0.06	0.16	1.13	(1.03)	2.19	(1.30)	9.64
DPIGX	0.05	0.00	(0.17)	0.31	0.00	(0.15)	0.21	(0.11)	0.42

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