Pin Oak Correlations

POGSX Fund

USD 81.95 0.19 0.23%

The current 90-days correlation between Pin Oak Equity and Red Oak Technology is 0.71 (i.e., Poor 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

Modest diversification

The correlation between Pin Oak Equity and DJI is 0.23 (i.e., Modest 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 state.

Moving together with Pin Mutual Fund

0.65	ROGSX	Red Oak Technology	Pair Corr
0.64	RCKSX	Rock Oak E	Pair Corr
0.69	LOGSX	Live Oak Health	Pair Corr
0.73	RIVSX	River Oak Discovery	Pair Corr
0.98	WOGSX	White Oak Select	Pair Corr
0.92	BOGSX	Black Oak Emerging	Pair Corr
0.67	MSVSX	Massmutual Select Small	Pair Corr

Moving against Pin Mutual Fund

0.5	NWJVX	Nationwide Highmark Short	Pair Corr
0.45	WMNIX	Westwood Market Neutral	Pair Corr
0.4	LETRX	Voya Russia Fund	Pair Corr
0.62	LGRAX	Lord Abbett Investment	Pair Corr
0.58	SHRMX	Stone Ridge High	Pair Corr

Related Correlations Analysis

	ROGSX	WOGSX	BOGSX	LOGSX	RSEGX
ROGSX		0.7	0.56	0.32	0.55	ROGSX
WOGSX	0.7		0.9	0.74	0.66	WOGSX
BOGSX	0.56	0.9		0.74	0.7	BOGSX
LOGSX	0.32	0.74	0.74		0.65	LOGSX
RSEGX	0.55	0.66	0.7	0.65		RSEGX
	ROGSX	WOGSX	BOGSX	LOGSX	RSEGX

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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
ROGSX	1.05	0.00	(0.02)	0.06	1.73	(1.00)	1.70	(3.18)	8.31
WOGSX	0.74	(0.06)	0.00	(0.07)	0.00	0.00	1.21	(1.59)	13.43
BOGSX	1.09	(0.10)	0.00	(0.43)	0.00	0.00	1.65	(2.34)	11.58
LOGSX	0.66	(0.07)	0.00	(0.07)	0.00	0.00	1.38	(1.52)	4.72
RSEGX	1.03	(0.01)	(0.02)	0.06	1.45	(0.99)	1.84	(2.06)	8.02

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