Oak Ridge Correlations

PORYX Fund

USD 20.25 0.39 1.96%

The current 90-days correlation between Oak Ridge Multi and Neiman Large Cap is 0.47 (i.e., Very weak 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

Very poor diversification

The correlation between Oak Ridge Multi and DJI is 0.88 (i.e., Very poor 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 producer price index.

Moving together with Oak Mutual Fund

0.99	NSIVX	North Square Investments	Pair Corr
0.92	ADVNX	Advisory Research	Pair Corr
0.97	ADVGX	Advisory Research All	Pair Corr
0.93	ADVAX	Api Efficient Frontier	Pair Corr
0.99	NKMCX	North Square Kennedy	Pair Corr
0.63	NMKBX	North Square Mckee	Pair Corr
0.99	ORDNX	Oak Ridge Dividend	Pair Corr
0.89	ORIYX	Oak Ridge Small	Pair Corr
0.89	ORIGX	Oak Ridge Small	Pair Corr
1.0	ORILX	Oak Ridge Multi	Pair Corr
0.95	ORSAX	Oak Ridge Dynamic	Pair Corr
0.95	ORSIX	Oak Ridge Dynamic	Pair Corr
0.92	GWPCX	American Funds Growth	Pair Corr
0.85	GWPFX	American Funds Growth	Pair Corr
0.92	GWPAX	American Funds Growth	Pair Corr
0.92	CGRGX	American Funds Growth	Pair Corr
0.92	FPGGX	American Funds Growth	Pair Corr
0.92	FGPGX	American Funds Growth	Pair Corr
0.97	MUTHX	Franklin Mutual Shares	Pair Corr
0.97	TESRX	Franklin Mutual Shares	Pair Corr
0.97	FMSHX	Franklin Mutual Shares	Pair Corr
0.92	CGQGX	American Funds Growth	Pair Corr
0.86	WHIAX	Ivy High Income	Pair Corr
0.85	IVHIX	Ivy High Income	Pair Corr
0.86	IHIFX	Ivy High Income	Pair Corr
0.84	WRHIX	Ivy High Income	Pair Corr
0.85	WHIYX	Ivy High Income	Pair Corr
0.79	MGSEX	Amg Managers Special	Pair Corr
0.91	GRGUX	Goldman Sachs Growth	Pair Corr
0.91	BRULX	Mfs Blended Research	Pair Corr
0.91	INUTX	Columbia Dividend	Pair Corr
0.89	MNOSX	Manning Napier Overseas	Pair Corr
0.98	OPMCX	Oppenheimer Main Street	Pair Corr
0.93	GZIRX	Goldman Sachs Strategic	Pair Corr
0.89	NBNGX	Sit Mid Cap	Pair Corr

Moving against Oak Mutual Fund

0.64

ERH

Allspring Utilities And

Pair Corr

Related Correlations Analysis

	HMXAX	HMXIX	SXMAX	TSWEX	MNWAX	FLCGX	QNTAX	QNTIX	RYIIX	NEIMX
HMXAX		1.0	0.85	0.81	0.94	0.89	0.89	0.89	0.22	0.71	HMXAX
HMXIX	1.0		0.85	0.81	0.94	0.89	0.89	0.89	0.22	0.71	HMXIX
SXMAX	0.85	0.85		0.92	0.78	0.9	0.91	0.91	-0.2	0.81	SXMAX
TSWEX	0.81	0.81	0.92		0.76	0.96	0.96	0.96	-0.27	0.79	TSWEX
MNWAX	0.94	0.94	0.78	0.76		0.86	0.86	0.86	0.33	0.67	MNWAX
FLCGX	0.89	0.89	0.9	0.96	0.86		1.0	1.0	-0.06	0.79	FLCGX
QNTAX	0.89	0.89	0.91	0.96	0.86	1.0		1.0	-0.06	0.79	QNTAX
QNTIX	0.89	0.89	0.91	0.96	0.86	1.0	1.0		-0.06	0.79	QNTIX
RYIIX	0.22	0.22	-0.2	-0.27	0.33	-0.06	-0.06	-0.06		-0.33	RYIIX
NEIMX	0.71	0.71	0.81	0.79	0.67	0.79	0.79	0.79	-0.33		NEIMX
	HMXAX	HMXIX	SXMAX	TSWEX	MNWAX	FLCGX	QNTAX	QNTIX	RYIIX	NEIMX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HMXIX	+ 1.0	HMXAX
QNTAX	+ 1.0	FLCGX
QNTIX	+ 1.0	FLCGX
QNTIX	+ 1.0	QNTAX
FLCGX	+ 0.96	TSWEX
QNTAX	+ 0.96	TSWEX

High negative correlations

NEIMX	- 0.33	RYIIX
RYIIX	- 0.27	TSWEX
RYIIX	- 0.2	SXMAX
RYIIX	- 0.06	QNTIX
RYIIX	- 0.06	QNTAX
RYIIX	- 0.06	FLCGX

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
HMXAX	0.61	(0.05)	(0.08)	0.01	0.93	(0.55)	1.19	(1.62)	5.09
HMXIX	0.60	(0.05)	(0.08)	0.01	0.91	(0.56)	1.20	(1.59)	4.96
SXMAX	0.48	0.21	0.42	0.72	0.00	(0.67)	0.69	(0.50)	13.41
TSWEX	0.81	0.41	0.57	1.23	0.00	(1.06)	1.33	(0.74)	18.58
MNWAX	0.27	(0.03)	(0.21)	0.00	0.32	(0.30)	0.52	(0.53)	1.66
FLCGX	0.69	0.04	0.03	0.12	0.69	(0.78)	1.14	(1.37)	10.40
QNTAX	0.69	0.04	0.03	0.12	0.69	(0.80)	1.13	(1.36)	10.26
QNTIX	0.69	0.04	0.03	0.12	0.68	(0.76)	1.10	(1.39)	10.29
RYIIX	0.90	(0.27)	0.00	(0.22)	0.00	0.00	1.66	(2.36)	5.86
NEIMX	0.59	0.10	0.09	0.22	0.53	(0.65)	1.11	(1.20)	2.78

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