Pin Oak Correlations

POGSX Fund

USD 90.55 0.61 0.68%

The current 90-days correlation between Pin Oak Equity and Cb Large Cap is 0.06 (i.e., Significant diversification). The correlation of Pin Oak 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.

Pin Oak Correlation With Market

Very poor diversification

The correlation between Pin Oak Equity and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pin Oak Equity 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 Pin Oak Equity. 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 main economic indicators.

Moving together with Pin Mutual Fund

0.91	RCKSX	Rock Oak E	Pair Corr
0.75	LOGSX	Live Oak Health	Pair Corr
0.9	RIVSX	River Oak Discovery	Pair Corr
0.71	WOGSX	White Oak Select	Pair Corr
0.73	BOGSX	Black Oak Emerging	Pair Corr
0.7	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.69	VTSMX	Vanguard Total Stock	Pair Corr
0.69	VITSX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.68	VFFSX	Vanguard 500 Index	Pair Corr
0.68	VINIX	Vanguard Institutional	Pair Corr
0.68	VIIIX	Vanguard Institutional	Pair Corr
0.91	FTYPX	Fidelity Freedom Index	Pair Corr
0.94	FFBTX	Fidelity Freedom Blend	Pair Corr
0.95	GAAVX	Gmo Alternative Allo	Pair Corr
0.85	GCAVX	Gmo Small Cap	Pair Corr
0.76	GQLOX	Gmo Quality Fund	Pair Corr
0.88	GHVIX	Gmo High Yield	Pair Corr
0.77	GMCQX	Gmo Equity Allocation	Pair Corr
0.85	DSCVX	Dreyfus Opportunistic	Pair Corr
0.93	VECRX	Virtus Rampart Enhanced	Pair Corr
0.93	FEBAX	First Eagle Global	Pair Corr
0.92	TLZIX	Tiaa Cref Lifecycle	Pair Corr
0.78	FSLCX	Fidelity Small Cap	Pair Corr
0.94	PAAIX	All Asset Fund	Pair Corr
0.93	EMOCX	Eaton Vance Municipal	Pair Corr
0.91	HHDVX	Hamlin High Dividend	Pair Corr
0.88	PTLCX	Low Duration	Pair Corr
0.82	GIEZX	International Equity	Pair Corr
0.91	VSCSX	Vanguard Short Term	Pair Corr
0.94	JLJEX	Retirement Living Through	Pair Corr
0.94	FCEEX	Franklin Fund Allocator	Pair Corr

Moving against Pin Mutual Fund

0.33

GABFX

Gmo Asset Allocation

Pair Corr

Related Correlations Analysis

	PVIVX	WMKSX	TRRTX	NESIX	MSD	GLQ	CFIMX	RSMRX	CBLSX
PVIVX		0.6	0.69	0.85	0.72	0.7	0.76	0.64	0.64	PVIVX
WMKSX	0.6		0.94	0.81	0.87	0.77	0.92	0.94	1.0	WMKSX
TRRTX	0.69	0.94		0.89	0.92	0.9	0.92	0.95	0.95	TRRTX
NESIX	0.85	0.81	0.89		0.86	0.88	0.88	0.84	0.83	NESIX
MSD	0.72	0.87	0.92	0.86		0.91	0.85	0.81	0.89	MSD
GLQ	0.7	0.77	0.9	0.88	0.91		0.76	0.79	0.79	GLQ
CFIMX	0.76	0.92	0.92	0.88	0.85	0.76		0.91	0.95	CFIMX
RSMRX	0.64	0.94	0.95	0.84	0.81	0.79	0.91		0.94	RSMRX
CBLSX	0.64	1.0	0.95	0.83	0.89	0.79	0.95	0.94		CBLSX
	PVIVX	WMKSX	TRRTX	NESIX	MSD	GLQ	CFIMX	RSMRX	CBLSX

Risk-Adjusted Indicators

There is a big difference between Pin Mutual Fund performing well and Pin Oak 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 Pin Oak'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
PVIVX	1.04	0.08	0.08	0.11	1.13	(1.17)	2.68	(2.08)	8.67
WMKSX	1.30	0.53	0.44	0.82	0.41	(1.62)	2.26	(1.67)	29.70
TRRTX	0.24	0.05	0.03	0.23	0.00	(0.31)	0.51	(0.42)	3.21
NESIX	1.38	0.16	0.11	0.16	1.60	(1.52)	3.06	(2.59)	7.79
MSD	0.34	0.12	0.17	0.66	0.00	(0.45)	0.81	(0.54)	2.21
GLQ	0.60	0.07	0.05	0.16	0.72	(0.65)	1.34	(1.59)	3.69
CFIMX	0.65	0.12	0.12	0.21	0.61	(0.72)	1.61	(1.18)	4.02
RSMRX	0.95	0.13	0.16	0.18	0.64	(1.24)	2.52	(1.36)	11.40
CBLSX	0.78	0.29	0.35	0.52	0.13	(0.96)	1.54	(1.02)	14.41

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