Oak Ridge Correlations

ORILX Fund

USD 18.16 0.02 0.11%

The current 90-days correlation between Oak Ridge Multi and Jhancock Global Equity is 0.96 (i.e., Almost no 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

Average diversification

The correlation between Oak Ridge Multi and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Multi 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 Multi. 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 industry.

Moving together with Oak Mutual Fund

0.99	NSIVX	North Square Investments	Pair Corr
0.94	ADVNX	Advisory Research	Pair Corr
0.77	ADVGX	Advisory Research All	Pair Corr
0.95	ADVAX	Api Efficient Frontier	Pair Corr
0.82	PORYX	Oak Ridge Multi	Pair Corr
0.99	NKMCX	North Square Kennedy	Pair Corr
0.98	ORDNX	Oak Ridge Dividend	Pair Corr
0.82	ORIYX	Oak Ridge Small	Pair Corr
0.82	ORIGX	Oak Ridge Small	Pair Corr
0.93	ORSAX	Oak Ridge Dynamic	Pair Corr
0.93	ORSIX	Oak Ridge Dynamic	Pair Corr
0.88	GWPCX	American Funds Growth	Pair Corr
0.74	GWPFX	American Funds Growth	Pair Corr
0.89	GWPAX	American Funds Growth	Pair Corr
0.89	CGRGX	American Funds Growth	Pair Corr
0.89	FPGGX	American Funds Growth	Pair Corr
0.89	FGPGX	American Funds Growth	Pair Corr
0.81	MUTHX	Franklin Mutual Shares	Pair Corr
0.96	TESRX	Franklin Mutual Shares	Pair Corr
0.96	FMSHX	Franklin Mutual Shares	Pair Corr
0.89	CGQGX	American Funds Growth	Pair Corr
0.64	CII	Blackrock Enhanced	Pair Corr
0.73	ETV	Eaton Vance Tax	Pair Corr
0.8	CLM	Cornerstone Strategic	Pair Corr
0.79	CRF	Cornerstone Total Return	Pair Corr
0.72	USA	Liberty All Star	Pair Corr
0.73	NFJ	Virtus Dividend Interest	Pair Corr
0.91	JOMMX	Johcm Emerging Markets	Pair Corr
0.83	FAGAX	Fidelity Advisor Growth	Pair Corr
0.91	MXIPX	Great-west Conservative	Pair Corr
0.79	FEMVX	Fidelity Salem Street	Pair Corr
0.9	TQCYX	Touchstone Dividend	Pair Corr
0.87	FHBEX	Fidelity Freedom Blend	Pair Corr

Moving against Oak Mutual Fund

0.45

IFN

India Closed

Pair Corr

Related Correlations Analysis

	JGECX	TOIIX	GSCYX	PAEIX	SEHAX
JGECX		0.93	0.83	0.94	0.94	JGECX
TOIIX	0.93		0.94	0.94	0.95	TOIIX
GSCYX	0.83	0.94		0.87	0.89	GSCYX
PAEIX	0.94	0.94	0.87		0.94	PAEIX
SEHAX	0.94	0.95	0.89	0.94		SEHAX
	JGECX	TOIIX	GSCYX	PAEIX	SEHAX

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
JGECX	0.65	0.21	0.24	0.78	0.23	(0.83)	1.49	(1.00)	9.23
TOIIX	0.59	0.21	0.28	0.33	0.24	(0.71)	1.37	(1.05)	5.76
GSCYX	1.00	0.20	0.20	0.24	0.75	(1.15)	1.70	(1.67)	13.07
PAEIX	0.57	0.05	0.04	0.13	0.62	(0.62)	1.23	(1.27)	2.72
SEHAX	0.61	0.07	0.07	0.15	0.59	(0.67)	1.29	(1.31)	5.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC