Oak Ridge Correlations

ORILX Fund

USD 17.89 0.04 0.22%

The current 90-days correlation between Oak Ridge Multi and Guidemark Large Cap is 0.23 (i.e., Modest 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

Weak diversification

The correlation between Oak Ridge Multi and DJI is 0.35 (i.e., Weak 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 board of governors.

Moving together with Oak Mutual Fund

0.85	NSIVX	North Square Investments	Pair Corr
0.78	NKMCX	North Square Kennedy	Pair Corr
0.7	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr

Moving against Oak Mutual Fund

0.7	PORYX	Oak Ridge Multi	Pair Corr
0.62	ORDNX	Oak Ridge Dividend	Pair Corr
0.55	ADVNX	Advisory Research	Pair Corr
0.33	JSVSX	Perkins Select Value	Pair Corr

Related Correlations Analysis

	GMLVX	LCIAX	UTDLX	NEAMX	FCLKX	PAFDX
GMLVX		0.71	0.35	0.56	0.62	0.35	GMLVX
LCIAX	0.71		0.81	0.84	0.95	0.83	LCIAX
UTDLX	0.35	0.81		0.82	0.88	0.91	UTDLX
NEAMX	0.56	0.84	0.82		0.89	0.75	NEAMX
FCLKX	0.62	0.95	0.88	0.89		0.87	FCLKX
PAFDX	0.35	0.83	0.91	0.75	0.87		PAFDX
	GMLVX	LCIAX	UTDLX	NEAMX	FCLKX	PAFDX

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
GMLVX	0.69	0.00	(0.02)	0.07	0.81	(0.80)	1.35	(1.05)	4.38
LCIAX	0.58	0.00	(0.01)	0.07	0.86	(0.55)	1.19	(1.20)	3.33
UTDLX	0.56	0.03	0.03	0.11	0.62	(0.64)	1.16	(1.08)	3.30
NEAMX	0.52	0.05	(0.02)	0.36	0.68	(0.53)	1.06	(1.22)	3.21
FCLKX	0.57	0.00	(0.01)	0.08	0.85	(0.54)	1.23	(1.34)	3.46
PAFDX	0.53	(0.01)	(0.03)	0.06	0.62	(0.57)	1.05	(1.12)	3.07

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