River Oak Correlations

RIVSX Fund

USD 17.03 0.03 0.18%

The current 90-days correlation between River Oak Discovery and Rock Oak E is 0.89 (i.e., Very poor diversification). The correlation of River 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.

River Oak Correlation With Market

Poor diversification

The correlation between River Oak Discovery and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding River Oak Discovery 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 River Oak Discovery. 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 River Mutual Fund

0.86	ROGSX	Red Oak Technology	Pair Corr
0.76	RCKSX	Rock Oak E	Pair Corr
0.84	BOGSX	Black Oak Emerging	Pair Corr
0.91	VSMAX	Vanguard Small Cap	Pair Corr
0.95	VSCIX	Vanguard Small Cap	Pair Corr
0.95	VSCPX	Vanguard Small Cap	Pair Corr
0.95	NAESX	Vanguard Small Cap	Pair Corr
0.92	FSSNX	Fidelity Small Cap	Pair Corr
0.96	DFSTX	Us Small Cap	Pair Corr
0.93	PASVX	T Rowe Price	Pair Corr
0.93	PRVIX	T Rowe Price	Pair Corr
0.93	TRZVX	T Rowe Price	Pair Corr
0.88	PRSVX	T Rowe Price	Pair Corr
0.82	WHIYX	Ivy High Income	Pair Corr
0.75	IVHIX	Ivy High Income	Pair Corr
0.75	IHIFX	Ivy High Income	Pair Corr
0.84	WRHIX	Ivy High Income	Pair Corr
0.81	WHIAX	Ivy High Income	Pair Corr

Moving against River Mutual Fund

0.76	FBAHX	Fidelity Advisor Tactical	Pair Corr
0.75	PTRGX	Putman Absolute Return	Pair Corr
0.73	VDMCX	Virtus Kar Developing	Pair Corr
0.64	LICVX	Lord Abbett Intl	Pair Corr
0.63	RTNSX	Tax-managed International	Pair Corr
0.5	SDFAX	Swan Defined Risk	Pair Corr
0.4	CSJZX	Cohen Steers Realty	Pair Corr
0.4	NVG	Nuveen Amt Free	Pair Corr
0.38	FOKPX	Oklahoma College Savings	Pair Corr
0.32	CSRSX	Cohen Steers Realty	Pair Corr
0.81	PRREX	Putnam Absolute Return	Pair Corr
0.79	FIKPX	Fidelity Government	Pair Corr

Related Correlations Analysis

	RCKSX	LOGSX	BOGSX	POGSX	ROGSX
RCKSX		0.27	0.68	0.27	0.73	RCKSX
LOGSX	0.27		-0.14	0.13	-0.08	LOGSX
BOGSX	0.68	-0.14		0.72	0.88	BOGSX
POGSX	0.27	0.13	0.72		0.66	POGSX
ROGSX	0.73	-0.08	0.88	0.66		ROGSX
	RCKSX	LOGSX	BOGSX	POGSX	ROGSX

Click cells to compare fundamentals

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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

ROGSX	+ 0.88	BOGSX
ROGSX	+ 0.73	RCKSX
POGSX	+ 0.72	BOGSX
BOGSX	+ 0.68	RCKSX
ROGSX	+ 0.66	POGSX
LOGSX	+ 0.27	RCKSX

High negative correlations

BOGSX	- 0.14	LOGSX
ROGSX	- 0.08	LOGSX

Risk-Adjusted Indicators

There is a big difference between River Mutual Fund performing well and River 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 River 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
RCKSX	0.72	(0.05)	0.00	(0.07)	0.00	0.00	1.37	(1.22)	3.20
LOGSX	0.68	0.00	(0.01)	0.03	0.92	(0.69)	1.18	(1.52)	3.69
BOGSX	1.23	(0.19)	0.00	(0.16)	0.00	0.00	1.73	(3.10)	9.26
POGSX	0.98	(0.23)	0.00	(2.81)	0.00	0.00	1.46	(1.82)	16.35
ROGSX	1.23	(0.19)	0.00	0.93	0.00	0.00	1.69	(3.29)	6.47

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