White Oak Correlations

WOGSX Fund

USD 141.51 1.45 1.04%

The current 90-days correlation between White Oak Select and Red Oak Technology is 0.81 (i.e., Very poor diversification). The correlation of White 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.

White Oak Correlation With Market

Average diversification

The correlation between White Oak Select 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 White Oak Select and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in White Oak Select. 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 White Mutual Fund

0.78	ROGSX	Red Oak Technology	Pair Corr
0.67	RCKSX	Rock Oak E	Pair Corr
0.74	LOGSX	Live Oak Health	Pair Corr
0.99	POGSX	Pin Oak Equity	Pair Corr
0.66	RIVSX	River Oak Discovery	Pair Corr
0.96	BOGSX	Black Oak Emerging	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against White Mutual Fund

0.57	BXSL	Blackstone Secured Sell-off Trend	Pair Corr
0.48	LRRRX	Floating Rate	Pair Corr
0.38	TISIX	Tiaa Cref Short	Pair Corr
0.36	RDBRX	Short Duration Bond	Pair Corr
0.52	AQMRX	Aqr Managed Futures	Pair Corr
0.46	AGVRX	Invesco Government	Pair Corr

Related Correlations Analysis

	ROGSX	POGSX	BOGSX	LMVTX	RSEGX
ROGSX		0.77	0.72	0.24	0.57	ROGSX
POGSX	0.77		0.94	0.64	0.62	POGSX
BOGSX	0.72	0.94		0.78	0.66	BOGSX
LMVTX	0.24	0.64	0.78		0.64	LMVTX
RSEGX	0.57	0.62	0.66	0.64		RSEGX
	ROGSX	POGSX	BOGSX	LMVTX	RSEGX

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Risk-Adjusted Indicators

There is a big difference between White Mutual Fund performing well and White 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 White 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	0.95	(0.05)	0.00	(0.12)	0.00	0.00	1.70	(2.51)	8.31
POGSX	0.87	(0.18)	0.00	(0.34)	0.00	0.00	0.92	(1.70)	18.53
BOGSX	1.06	(0.16)	0.00	(0.30)	0.00	0.00	1.65	(2.34)	11.58
LMVTX	0.75	(0.14)	0.00	(0.33)	0.00	0.00	1.24	(1.05)	13.25
RSEGX	0.97	(0.02)	(0.02)	(0.01)	1.36	(0.92)	1.84	(1.98)	8.02

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