Oklahoma Municipal Correlations

Mutual Funds . USA . 
Fund . Oklahoma Municipal Fund
OKMIX Fund  USD 10.58  0.02  0.19%   
The current 90-days correlation between Oklahoma Municipal and Growth Fund Of is -0.04 (i.e., Good diversification). The correlation of Oklahoma Municipal 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.

Oklahoma Municipal Correlation With Market

Average diversification

The correlation between Oklahoma Municipal Fund and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oklahoma Municipal Fund 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 Oklahoma Municipal Fund. 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 Oklahoma Mutual Fund

  0.99VMTIX Viking Tax FreePairCorr
  0.99VMTTX Viking Tax FreePairCorr
  0.98VNDIX Viking Tax FreePairCorr
  0.98VNDFX Viking Tax FreePairCorr
  0.99NEITX Nebraska MunicipalPairCorr
  1.0OKMUX Oklahoma MunicipalPairCorr
  0.63MDSAX Integrity Short TermPairCorr
  0.99KSMUX Kansas MunicipalPairCorr
  0.98KYTFX Kentucky Tax FreePairCorr
  0.93UVABX Virginia BondPairCorr
  0.98HULYX Hawaiian Tax FreePairCorr
  0.93HULFX Hawaiian Tax FreePairCorr
  0.98ORTYX Aquila Tax FreePairCorr
  0.92UVAIX Usaa Virginia BondPairCorr
  0.92USVAX Virginia BondPairCorr
  0.98HULAX Hawaiian Tax FreePairCorr

Moving against Oklahoma Mutual Fund

  0.56KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.56SMPSX Semiconductor UltrasectorPairCorr
  0.54ORFFX Aquila Tax FreePairCorr
  0.54WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.54KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.53KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.36IGIAX Integrity Growth IncomePairCorr
  0.35IGIUX Integrity Growth IncomePairCorr
  0.63JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.57CSCO Cisco Systems Aggressive PushPairCorr
  0.56LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.54KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.54LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.53KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.46HPQ HP IncPairCorr
  0.45LLPFX Longleaf PartnersPairCorr
  0.44VTSMX Vanguard Total StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oklahoma Mutual Fund performing well and Oklahoma Municipal 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 Oklahoma Municipal'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.

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