Oak Ridge Correlations

ORDNX Fund

USD 21.32 0.01 0.05%

The current 90-days correlation between Oak Ridge Dividend and Omni Small Cap Value is 0.04 (i.e., Significant diversification). The correlation of Oak Ridge 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 Ridge Correlation With Market

Very poor diversification

The correlation between Oak Ridge Dividend and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Dividend 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 Ridge Dividend. 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 state.

Moving together with Oak Mutual Fund

0.98	NSIVX	North Square Investments	Pair Corr
0.93	ADVNX	Advisory Research	Pair Corr
0.95	ADVGX	Advisory Research All	Pair Corr
0.94	ADVAX	Api Efficient Frontier	Pair Corr
0.99	PORYX	Oak Ridge Multi	Pair Corr
0.98	NKMCX	North Square Kennedy	Pair Corr
0.86	ORIYX	Oak Ridge Small	Pair Corr
0.86	ORIGX	Oak Ridge Small	Pair Corr
0.99	ORILX	Oak Ridge Multi	Pair Corr
0.93	ORSAX	Oak Ridge Dynamic	Pair Corr
0.93	ORSIX	Oak Ridge Dynamic	Pair Corr
0.94	CPXIX	Cohen Steers Prfrd	Pair Corr
0.94	CPXAX	Cohen Steers Preferd	Pair Corr
0.94	CPXCX	Cohen Steers Prefrd	Pair Corr
0.95	CPRRX	Cohen Steers Preferred	Pair Corr
0.94	CPXZX	Cohen Steers Preferred	Pair Corr
0.95	CPXFX	Cohen Steers Preferred	Pair Corr
0.91	NPSAX	Nuveen Preferred Sec	Pair Corr
0.92	NPSCX	Nuveen Preferred Sec	Pair Corr
0.93	PPSJX	Preferred Securities	Pair Corr
0.86	WHIAX	Ivy High Income	Pair Corr
0.86	IVHIX	Ivy High Income	Pair Corr
0.86	IHIFX	Ivy High Income	Pair Corr
0.84	WRHIX	Ivy High Income	Pair Corr
0.85	WHIYX	Ivy High Income	Pair Corr
0.9	FSBCX	Federated Global All	Pair Corr
0.91	DILYX	Davis International	Pair Corr
0.83	VFSTX	Vanguard Short Term	Pair Corr
0.96	NWABX	Nationwide Fund6	Pair Corr
0.91	VTWAX	Vanguard Total World	Pair Corr
0.89	INUTX	Columbia Dividend	Pair Corr
0.88	GRGUX	Goldman Sachs Growth	Pair Corr
0.96	KGDZX	Deutsche Global Small	Pair Corr
0.88	RYMZX	Guggenheim Managed	Pair Corr

Moving against Oak Mutual Fund

0.57

ERH

Allspring Utilities And

Pair Corr

Related Correlations Analysis

	LMBMX	ADGAX	USCAX	LMUSX	TBLDX	AUERX	DWAFX	BOSVX
LMBMX		0.92	0.98	0.96	0.95	0.95	0.9	0.98	LMBMX
ADGAX	0.92		0.95	0.92	0.83	0.94	0.81	0.9	ADGAX
USCAX	0.98	0.95		0.93	0.92	0.98	0.87	0.97	USCAX
LMUSX	0.96	0.92	0.93		0.92	0.92	0.85	0.92	LMUSX
TBLDX	0.95	0.83	0.92	0.92		0.9	0.95	0.93	TBLDX
AUERX	0.95	0.94	0.98	0.92	0.9		0.86	0.96	AUERX
DWAFX	0.9	0.81	0.87	0.85	0.95	0.86		0.9	DWAFX
BOSVX	0.98	0.9	0.97	0.92	0.93	0.96	0.9		BOSVX
	LMBMX	ADGAX	USCAX	LMUSX	TBLDX	AUERX	DWAFX	BOSVX

Risk-Adjusted Indicators

There is a big difference between Oak Mutual Fund performing well and Oak Ridge 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 Oak Ridge'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
LMBMX	0.98	0.12	0.11	0.19	0.92	(1.10)	2.19	(1.80)	7.43
ADGAX	0.91	0.15	0.19	0.19	0.57	(1.04)	1.41	(1.36)	21.27
USCAX	0.91	0.18	0.17	0.26	0.67	(1.11)	2.13	(1.87)	7.96
LMUSX	0.65	0.02	0.00	0.10	0.76	(0.68)	1.56	(1.35)	4.94
TBLDX	0.31	0.02	(0.06)	0.12	0.31	(0.34)	0.74	(0.57)	1.76
AUERX	0.95	0.33	0.27	0.60	0.60	(1.18)	2.00	(1.76)	14.15
DWAFX	0.83	0.27	0.23	0.49	0.65	(0.94)	1.38	(1.28)	15.81
BOSVX	1.04	0.33	0.34	0.41	0.46	(1.31)	2.84	(1.44)	9.89

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