Red Oak Correlations

ROGSX Fund

USD 47.22 0.09 0.19%

The current 90-days correlation between Red Oak Technology and Pin Oak Equity is 0.96 (i.e., Almost no 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

Almost no diversification

The correlation between Red Oak Technology and DJI is 0.92 (i.e., Almost no 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 together with Red Mutual Fund

0.73	DVLT	Datavault AI Symbol Change	Pair Corr
0.72	DBD	Diebold Nixdorf,	Pair Corr
0.62	HIT	Health In Tech,	Pair Corr
0.63	WCT	Wellchange Holdings	Pair Corr
0.67	BZAIW	Blaize Holdings, Warrants Symbol Change	Pair Corr
0.89	MIND	Mind Technology	Pair Corr
0.92	HPE-PC	Hewlett Packard Ente	Pair Corr
0.73	NOVA	Sunnova Energy Inter	Pair Corr
0.93	CORZZ	Core Scientific, Tranche	Pair Corr
0.68	RZLVW	Rezolve AI Limited	Pair Corr
0.8	AXIL	AXIL Brands,	Pair Corr
0.77	STRK	MicroStrategy Incorporated	Pair Corr
0.89	RCKSX	Rock Oak E	Pair Corr
0.62	LOGSX	Live Oak Health	Pair Corr
0.97	POGSX	Pin Oak Equity	Pair Corr

Moving against Red Mutual Fund

0.69	SWI	SolarWinds Corp	Pair Corr
0.61	HPAIW	Helport AI Limited	Pair Corr
0.52	ML	MoneyLion	Pair Corr
0.46	VCSA	Vacasa Inc Earnings Call This Week	Pair Corr
0.41	VVPR	VivoPower International	Pair Corr
0.53	PMPIX	Precious Metals Ultr	Pair Corr
0.47	MIDSX	Midas Fund Midas	Pair Corr
0.45	PYCR	Paycor HCM	Pair Corr

Related Correlations Analysis

	POGSX	WOGSX	BOGSX	BFOCX	JAGTX
POGSX		0.98	0.97	0.89	0.95	POGSX
WOGSX	0.98		0.95	0.9	0.91	WOGSX
BOGSX	0.97	0.95		0.95	0.99	BOGSX
BFOCX	0.89	0.9	0.95		0.94	BFOCX
JAGTX	0.95	0.91	0.99	0.94		JAGTX
	POGSX	WOGSX	BOGSX	BFOCX	JAGTX

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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	1.16	0.07	0.04	0.01	1.70	(1.18)	1.97	(2.15)	11.27
WOGSX	1.16	0.02	0.00	(0.04)	0.00	0.00	2.08	(2.39)	11.98
BOGSX	1.60	0.10	0.03	0.02	2.31	(1.63)	2.67	(3.67)	16.44
BFOCX	3.06	0.03	0.00	(0.04)	0.00	0.00	4.89	(7.31)	23.21
JAGTX	1.70	0.12	0.04	0.03	2.42	(1.70)	3.14	(3.68)	15.89

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