Oak Ridge Correlations

ORIYX Fund

USD 11.61 0.01 0.09%

The current 90-days correlation between Oak Ridge Small and Stone Ridge Diversified is 0.04 (i.e., Significant 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 good diversification

The correlation between Oak Ridge Small and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Small 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 Small. 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 world development indicators.

Moving together with OAK Mutual Fund

0.85	NSIVX	North Square Investments	Pair Corr
0.85	ADVNX	Advisory Research	Pair Corr
0.98	ADVGX	Advisory Research All Potential Growth	Pair Corr
0.85	ADVAX	Api Efficient Frontier	Pair Corr
0.89	PORYX	Oak Ridge Multi	Pair Corr
0.99	NKMCX	North Square Kennedy	Pair Corr
0.78	NMKYX	North Square Mckee	Pair Corr
0.83	NMKBX	North Square Mckee	Pair Corr
0.85	ORDNX	Oak Ridge Dividend	Pair Corr
0.92	ORIGX	Oak Ridge Small	Pair Corr
0.91	ORSAX	Oak Ridge Dynamic	Pair Corr
0.91	ORSIX	Oak Ridge Dynamic	Pair Corr
0.85	VSMAX	Vanguard Small Cap	Pair Corr
0.85	VSCIX	Vanguard Small Cap	Pair Corr
0.85	VSCPX	Vanguard Small Cap	Pair Corr
0.85	NAESX	Vanguard Small Cap	Pair Corr
0.85	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.88	PASVX	T Rowe Price	Pair Corr
0.95	PRVIX	T Rowe Price	Pair Corr
0.88	TRZVX	T Rowe Price	Pair Corr
0.88	PRSVX	T Rowe Price	Pair Corr
0.82	PDI	Pimco Dynamic Income	Pair Corr
0.78	FTCAX	Templeton Strained Bond	Pair Corr
0.92	MPISX	Bny Mellon Income	Pair Corr
0.72	ADAIX	Aqr Diversified Arbitrage	Pair Corr
0.79	RGVAX	Us Government Securities	Pair Corr
0.81	CGAGX	Columbia Growth 529	Pair Corr
0.76	FCCGX	Fidelity Small Cap	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VBITX	Vanguard Short Term	Pair Corr

Moving against OAK Mutual Fund

0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.78	TCTJX	Transamerica Cleartrack	Pair Corr
0.66	USPSX	Profunds Ultrashort Potential Growth	Pair Corr
0.66	USPIX	Profunds Ultrashort Potential Growth	Pair Corr

Related Correlations Analysis

	SRDAX	PGBAX	DIFIX	PDICX	QDARX	DLTZX	ACDOX	PHTQX
SRDAX		0.95	0.9	0.95	0.94	0.91	0.91	0.96	SRDAX
PGBAX	0.95		0.97	0.98	0.85	0.95	0.98	0.97	PGBAX
DIFIX	0.9	0.97		0.97	0.83	0.94	0.96	0.96	DIFIX
PDICX	0.95	0.98	0.97		0.88	0.97	0.98	0.96	PDICX
QDARX	0.94	0.85	0.83	0.88		0.88	0.82	0.89	QDARX
DLTZX	0.91	0.95	0.94	0.97	0.88		0.97	0.92	DLTZX
ACDOX	0.91	0.98	0.96	0.98	0.82	0.97		0.93	ACDOX
PHTQX	0.96	0.97	0.96	0.96	0.89	0.92	0.93		PHTQX
	SRDAX	PGBAX	DIFIX	PDICX	QDARX	DLTZX	ACDOX	PHTQX

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
SRDAX	0.13	0.06	(0.06)	(0.74)	0.00	(0.18)	0.29	(0.19)	0.78
PGBAX	0.12	0.03	(0.22)	0.36	0.00	(0.17)	0.25	(0.17)	0.67
DIFIX	0.22	0.01	(0.13)	0.10	0.18	(0.25)	0.49	(0.49)	1.21
PDICX	0.15	0.02	(0.20)	0.31	0.00	(0.20)	0.40	(0.30)	0.71
QDARX	0.06	0.01	(0.59)	(1.08)	0.00	(0.10)	0.16	(0.08)	0.24
DLTZX	0.09	0.01	(0.41)	(0.94)	0.00	(0.18)	0.26	(0.13)	0.64
ACDOX	0.20	0.02	(0.18)	0.56	0.00	(0.26)	0.44	(0.33)	0.99
PHTQX	0.25	0.04	(0.01)	0.15	0.00	(0.30)	0.65	(0.37)	1.53

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