Red Oak Correlations

ROGSX Fund

USD 47.76 0.16 0.33%

The current 90-days correlation between Red Oak Technology and Pin Oak Equity is 0.76 (i.e., Poor diversification). The correlation of Red 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.

Red Oak Correlation With Market

Average diversification

The correlation between Red Oak Technology and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Red Oak Technology 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 Red Oak Technology. 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 against Red Mutual Fund

0.44	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.38	VIDE	Video Display Earnings Call This Week	Pair Corr
0.37	WGNR	Wegener	Pair Corr
0.5	KBNT	Kubient	Pair Corr
0.5	HPAIW	Helport AI Limited	Pair Corr

Related Correlations Analysis

	POGSX	WOGSX	BOGSX	BFOCX	JAGTX
POGSX		0.99	0.9	-0.08	0.6	POGSX
WOGSX	0.99		0.92	-0.17	0.62	WOGSX
BOGSX	0.9	0.92		-0.16	0.69	BOGSX
BFOCX	-0.08	-0.17	-0.16		-0.41	BFOCX
JAGTX	0.6	0.62	0.69	-0.41		JAGTX
	POGSX	WOGSX	BOGSX	BFOCX	JAGTX

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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

WOGSX	+ 0.99	POGSX
BOGSX	+ 0.92	WOGSX
BOGSX	+ 0.9	POGSX
JAGTX	+ 0.69	BOGSX
JAGTX	+ 0.62	WOGSX
JAGTX	+ 0.6	POGSX

High negative correlations

JAGTX	- 0.41	BFOCX
BFOCX	- 0.17	WOGSX
BFOCX	- 0.16	BOGSX
BFOCX	- 0.08	POGSX

Risk-Adjusted Indicators

There is a big difference between Red Mutual Fund performing well and Red 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 Red 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
POGSX	0.87	(0.17)	0.00	(0.36)	0.00	0.00	0.92	(1.70)	18.53
WOGSX	0.75	(0.13)	0.00	(0.40)	0.00	0.00	1.07	(1.59)	13.43
BOGSX	1.07	(0.13)	0.00	(0.60)	0.00	0.00	1.65	(2.34)	11.58
BFOCX	1.71	0.27	0.11	(4.96)	2.11	(1.72)	3.52	(3.38)	11.77
JAGTX	1.03	(0.14)	0.00	(0.55)	0.00	0.00	1.64	(2.81)	12.41

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