Orinda Income Correlations

OIOAX Fund

USD 16.99 0.06 0.35%

The current 90-days correlation between Orinda Income Opport and Cohen Steers Prfrd is 0.67 (i.e., Poor diversification). The correlation of Orinda Income 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.

Orinda Income Correlation With Market

Modest diversification

The correlation between Orinda Income Opportunities and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orinda Income Opportunities 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 Orinda Income Opportunities. 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 nation.

Moving together with Orinda Mutual Fund

1.0	OIODX	Orinda Income Opport	Pair Corr
1.0	OIOIX	Orinda Income Opport	Pair Corr
0.95	CPXIX	Cohen Steers Prfrd	Pair Corr
0.95	CPXAX	Cohen Steers Preferd	Pair Corr
0.93	CPXCX	Cohen Steers Prefrd	Pair Corr
0.94	CPRRX	Cohen Steers Preferred	Pair Corr
0.94	CPXZX	Cohen Steers Preferred	Pair Corr
0.94	CPXFX	Cohen Steers Preferred	Pair Corr
0.93	PRFCX	Preferred Securities	Pair Corr
0.94	PPSIX	Preferred Securities	Pair Corr
0.94	PPSAX	Preferred Securities	Pair Corr
0.89	PQARX	Preferred Securities	Pair Corr
0.62	CII	Blackrock Enhanced	Pair Corr
0.63	VFINX	Vanguard 500 Index	Pair Corr
0.63	VFIAX	Vanguard 500 Index	Pair Corr

Moving against Orinda Mutual Fund

0.86	FMFFX	Fs Managed Futures	Pair Corr
0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.39	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	CPXIX	CPXFX	PPSAX	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX
CPXIX		1.0	0.97	0.0	0.81	0.4	0.77	-0.05	0.01	0.76	CPXIX
CPXFX	1.0		0.98	0.0	0.81	0.39	0.77	-0.04	0.01	0.76	CPXFX
PPSAX	0.97	0.98		0.0	0.77	0.3	0.73	-0.02	0.01	0.69	PPSAX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.81	0.81	0.77	0.0		0.27	0.69	-0.06	-0.02	0.86	MSTSX
ABHYX	0.4	0.39	0.3	0.0	0.27		0.56	-0.14	-0.08	0.44	ABHYX
LBHIX	0.77	0.77	0.73	0.0	0.69	0.56		-0.38	0.3	0.77	LBHIX
SCAXF	-0.05	-0.04	-0.02	0.0	-0.06	-0.14	-0.38		-0.83	-0.23	SCAXF
VIASP	0.01	0.01	0.01	0.0	-0.02	-0.08	0.3	-0.83		0.16	VIASP
RRTLX	0.76	0.76	0.69	0.0	0.86	0.44	0.77	-0.23	0.16		RRTLX
	CPXIX	CPXFX	PPSAX	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX

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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

CPXFX	+ 1.0	CPXIX
PPSAX	+ 0.98	CPXFX
PPSAX	+ 0.97	CPXIX
RRTLX	+ 0.86	MSTSX
MSTSX	+ 0.81	CPXIX
MSTSX	+ 0.81	CPXFX

High negative correlations

VIASP	- 0.83	SCAXF
SCAXF	- 0.38	LBHIX
RRTLX	- 0.23	SCAXF
SCAXF	- 0.14	ABHYX
VIASP	- 0.08	ABHYX
SCAXF	- 0.06	MSTSX

Risk-Adjusted Indicators

There is a big difference between Orinda Mutual Fund performing well and Orinda Income 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 Orinda Income'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
CPXIX	0.12	0.01	(0.62)	0.28	0.00	(0.18)	0.25	(0.24)	0.64
CPXFX	0.12	0.01	(0.69)	0.29	0.00	(0.16)	0.24	(0.24)	0.72
PPSAX	0.10	0.01	(0.58)	0.39	0.00	(0.16)	0.22	(0.21)	0.75
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(19.66)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36

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