Oak Ridge Correlations

ORSAX Fund

USD 17.02 0.62 3.78%

The current 90-days correlation between Oak Ridge Dynamic and Oak Ridge Small is 0.91 (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

Almost no diversification

The correlation between Oak Ridge Dynamic and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Dynamic 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 Dynamic. 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 Oak Mutual Fund

0.98	ADVGX	Advisory Research All	Pair Corr
0.98	VSMAX	Vanguard Small Cap	Pair Corr
0.98	VSCIX	Vanguard Small Cap	Pair Corr
0.98	VSCPX	Vanguard Small Cap	Pair Corr
0.98	NAESX	Vanguard Small Cap	Pair Corr
0.96	FSSNX	Fidelity Small Cap	Pair Corr
0.96	DFSTX	Us Small Cap	Pair Corr
0.96	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.96	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.95	PASVX	T Rowe Price	Pair Corr
0.93	PRVIX	T Rowe Price	Pair Corr
0.88	GAAKX	Gmo Alternative Allo	Pair Corr
0.88	GAAGX	Gmo Alternative Allo	Pair Corr
0.73	GPBFX	Gmo E Plus	Pair Corr
0.94	GPMFX	Guidepath Managed Futures	Pair Corr
0.92	PQTAX	Pimco Trends Managed	Pair Corr
0.92	PQTNX	Pimco Trends Managed	Pair Corr
0.92	PQTIX	Aa Pimco Tr	Pair Corr
0.82	WARCX	Wells Fargo Advantage	Pair Corr
0.96	ACVAX	Strategic Allocation:	Pair Corr
0.96	EVFCX	Evaluator Conservative	Pair Corr
0.84	FDEVX	Templeton Developing	Pair Corr
0.93	VIDGX	Vanguard Whitehall Funds	Pair Corr
0.92	CAGEX	Calamos Global Equity	Pair Corr
0.93	EMSLX	Shelton Emerging Markets	Pair Corr
0.93	LMISX	Qs Large Cap	Pair Corr
0.97	TLHHX	Tiaa Cref Lifecycle	Pair Corr
0.85	PLAAX	Pace Large Growth	Pair Corr
0.91	HSNAX	The Hartford Strategic	Pair Corr
0.61	IRGIX	Vy Clarion Global	Pair Corr
0.91	BUFBX	Buffalo Flexible Income	Pair Corr
0.93	SSEAX	Siit Screened World	Pair Corr
0.94	GBLCX	American Funds Global	Pair Corr
0.79	AVEMX	Ave Maria Value	Pair Corr
0.93	JGMNX	Janus Triton	Pair Corr
0.9	PYGSX	Payden Global Low	Pair Corr
0.65	SMAPX	Salient Mlp Energy	Pair Corr
0.96	BSCRX	Brandes Small Cap	Pair Corr
0.92	JABVX	John Hancock Global	Pair Corr
0.84	FONPX	Tributary Nebraska Tax	Pair Corr

Related Correlations Analysis

	NSIVX	ADVNX	ADVGX	ADVAX	PORYX	NKMCX	NMKYX	NMKBX	ORDNX	ORIYX
NSIVX		0.93	0.96	0.93	0.99	0.98	0.58	0.65	0.98	0.87	NSIVX
ADVNX	0.93		0.92	1.0	0.92	0.94	0.65	0.72	0.93	0.89	ADVNX
ADVGX	0.96	0.92		0.92	0.97	0.99	0.58	0.64	0.95	0.96	ADVGX
ADVAX	0.93	1.0	0.92		0.93	0.94	0.63	0.71	0.94	0.89	ADVAX
PORYX	0.99	0.92	0.97	0.93		0.99	0.56	0.63	0.99	0.89	PORYX
NKMCX	0.98	0.94	0.99	0.94	0.99		0.57	0.64	0.98	0.94	NKMCX
NMKYX	0.58	0.65	0.58	0.63	0.56	0.57		0.98	0.53	0.58	NMKYX
NMKBX	0.65	0.72	0.64	0.71	0.63	0.64	0.98		0.6	0.62	NMKBX
ORDNX	0.98	0.93	0.95	0.94	0.99	0.98	0.53	0.6		0.86	ORDNX
ORIYX	0.87	0.89	0.96	0.89	0.89	0.94	0.58	0.62	0.86		ORIYX
	NSIVX	ADVNX	ADVGX	ADVAX	PORYX	NKMCX	NMKYX	NMKBX	ORDNX	ORIYX

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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
NSIVX	0.67	0.20	0.27	0.35	0.10	(0.82)	1.22	(0.84)	9.85
ADVNX	0.17	0.04	(0.14)	0.49	0.00	(0.21)	0.40	(0.30)	1.61
ADVGX	0.96	0.16	0.17	0.22	0.77	(1.16)	2.53	(1.61)	7.05
ADVAX	0.17	0.04	(0.15)	0.52	0.00	(0.21)	0.40	(0.21)	1.61
PORYX	0.64	0.16	0.22	0.29	0.20	(0.85)	1.27	(1.11)	11.60
NKMCX	1.17	0.24	0.23	0.26	0.82	(1.50)	2.38	(2.15)	14.17
NMKYX	0.15	0.00	(0.35)	0.08	0.12	(0.20)	0.34	(0.34)	0.79
NMKBX	0.14	0.00	(0.40)	0.22	0.08	(0.18)	0.23	(0.22)	0.79
ORDNX	0.11	0.02	(0.30)	0.29	0.00	(0.16)	0.19	(0.24)	2.39
ORIYX	0.87	0.05	0.05	0.12	0.93	(0.96)	1.94	(1.84)	4.79

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Oak Ridge Correlations

Oak Ridge Correlation With Market

Almost no diversification

Moving together with Oak Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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