Red Oak Correlations
ROGSX Fund | USD 52.95 0.50 0.94% |
The current 90-days correlation between Red Oak Technology and Pin Oak Equity is 0.84 (i.e., Very 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
Very weak diversification
The correlation between Red Oak Technology and DJI is 0.54 (i.e., Very weak 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.
Red |
Moving together with Red Mutual Fund
1.0 | VITAX | Vanguard Information | PairCorr |
1.0 | CCIFX | Columbia Seligman | PairCorr |
1.0 | FSPTX | Technology Portfolio | PairCorr |
1.0 | FSELX | Fidelity Select Semi | PairCorr |
0.94 | FSCSX | Software And It | PairCorr |
1.0 | SLMCX | Columbia Seligman | PairCorr |
1.0 | SCICX | Columbia Seligman | PairCorr |
0.99 | WSTRX | Ivy Science And | PairCorr |
0.76 | GAAKX | Gmo Alternative Allo | PairCorr |
0.75 | GAAGX | Gmo Alternative Allo | PairCorr |
0.62 | GPBFX | Gmo E Plus | PairCorr |
0.99 | RRTAX | T Rowe Price | PairCorr |
0.97 | FFFCX | Fidelity Freedom 2010 | PairCorr |
0.99 | DQIYX | Dreyfus Equity Income | PairCorr |
0.96 | FDEGX | Fidelity Growth Stra | PairCorr |
0.95 | FISVX | Fidelity Small Cap | PairCorr |
0.95 | SPSDX | Sterling Capital Beh | PairCorr |
0.97 | DCEMX | Dunham Emerging Markets | PairCorr |
0.92 | RIVKX | American Funds Inter | PairCorr |
0.99 | FNILX | Fidelity Zero Large | PairCorr |
0.95 | PSHAX | Short Term Fund | PairCorr |
0.88 | ISIAX | Voya Strategic Income | PairCorr |
0.98 | CSRYX | Columbia Select Large | PairCorr |
Related Correlations Analysis
0.98 | 0.98 | 0.96 | 0.98 | POGSX | ||
0.98 | 0.99 | 0.97 | 0.99 | WOGSX | ||
0.98 | 0.99 | 0.98 | 0.99 | BOGSX | ||
0.96 | 0.97 | 0.98 | 0.99 | BFOCX | ||
0.98 | 0.99 | 0.99 | 0.99 | JAGTX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | 0.53 | 0.10 | 0.02 | 0.37 | 0.17 | 1.47 | 4.44 | |||
WOGSX | 0.56 | 0.08 | 0.01 | 0.34 | 0.31 | 1.48 | 4.89 | |||
BOGSX | 0.70 | 0.12 | 0.06 | 0.40 | 0.35 | 1.81 | 5.78 | |||
BFOCX | 1.24 | 0.42 | 0.26 | 0.90 | 0.70 | 3.42 | 7.62 | |||
JAGTX | 0.70 | 0.26 | 0.25 | 0.64 | 0.00 | 1.99 | 5.89 |