Oklahoma College Correlations

FODLX Fund

USD 16.60 0.63 3.66%

The current 90-days correlation between Oklahoma College Savings and Mirova Global Green is 0.06 (i.e., Significant diversification). The correlation of Oklahoma College 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.

Oklahoma College Correlation With Market

Significant diversification

The correlation between Oklahoma College Savings and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oklahoma College Savings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Oklahoma College Savings. 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 bureau of economic analysis.

Moving together with Oklahoma Mutual Fund

0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.87	CGSAX	Columbia Growth 529	Pair Corr
0.86	BSDAX	Blackrock Smid Cap	Pair Corr
0.91	MEGIX	Msvif Growth Port	Pair Corr
0.91	ELFNX	Elfun Trusts Elfun	Pair Corr
0.9	CSCO	Cisco Systems	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.89	WMT	Walmart	Pair Corr
0.82	DIS	Walt Disney	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.62	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Oklahoma Mutual Fund

0.88	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.65	VGTSX	Vanguard Total Inter	Pair Corr
0.65	VTIAX	Vanguard Total Inter	Pair Corr
0.84	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.56	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.47	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.36	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	MGGNX	LFLCX	SMYIX	ZGFIX	WRLDX	ANAGX
MGGNX		0.47	0.49	0.72	0.22	0.51	MGGNX
LFLCX	0.47		-0.15	0.17	0.19	0.98	LFLCX
SMYIX	0.49	-0.15		0.81	0.66	-0.18	SMYIX
ZGFIX	0.72	0.17	0.81		0.42	0.14	ZGFIX
WRLDX	0.22	0.19	0.66	0.42		0.14	WRLDX
ANAGX	0.51	0.98	-0.18	0.14	0.14		ANAGX
	MGGNX	LFLCX	SMYIX	ZGFIX	WRLDX	ANAGX

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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

ANAGX	+ 0.98	LFLCX
ZGFIX	+ 0.81	SMYIX
ZGFIX	+ 0.72	MGGNX
WRLDX	+ 0.66	SMYIX
ANAGX	+ 0.51	MGGNX
SMYIX	+ 0.49	MGGNX

High negative correlations

ANAGX	- 0.18	SMYIX
SMYIX	- 0.15	LFLCX

Risk-Adjusted Indicators

There is a big difference between Oklahoma Mutual Fund performing well and Oklahoma College 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 Oklahoma College'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
MGGNX	0.18	(0.01)	(0.09)	0.58	0.21	(0.25)	0.34	(0.34)	1.13
LFLCX	0.18	(0.05)	0.00	(0.91)	0.00	0.00	0.32	(0.41)	1.16
SMYIX	0.61	(0.02)	(0.02)	(0.01)	1.14	(0.55)	1.47	(1.30)	6.06
ZGFIX	0.47	(0.01)	(0.03)	(0.01)	0.70	(0.46)	0.92	(1.01)	2.33
WRLDX	0.51	(0.10)	0.00	(0.13)	0.00	0.00	0.91	(1.04)	5.22
ANAGX	0.17	(0.04)	0.00	(2.12)	0.00	0.00	0.29	(0.29)	1.01

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