Oak Woods Correlations

OAKUU Stock

11.50 0.00 0.00%

The correlation of Oak Woods 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 Woods Correlation With Market

Good diversification

The correlation between Oak Woods Acquisition and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Woods Acquisition 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 Woods Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Oak Stock

0.7	V	Visa Class A	Pair Corr
0.79	CG	Carlyle Group	Pair Corr
0.83	MA	Mastercard	Pair Corr
0.85	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.84	APO	Apollo Global Management	Pair Corr
0.75	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	BAM	Brookfield Asset Man	Pair Corr
0.84	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.81	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.8	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.81	KKR	KKR Co LP	Pair Corr
0.81	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.62	PPYA	Papaya Growth Opportunity	Pair Corr
0.8	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.79	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.8	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.83	UPST	Upstart Holdings	Pair Corr
0.79	C	Citigroup Aggressive Push	Pair Corr
0.65	DHIL	Diamond Hill Investment	Pair Corr
0.69	AB	AllianceBernstein	Pair Corr
0.73	AC	Associated Capital	Pair Corr
0.68	AX	Axos Financial	Pair Corr
0.78	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.79	BN	Brookfield Corp	Pair Corr
0.77	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.68	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.75	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.79	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.77	LC	LendingClub Corp	Pair Corr

Moving against Oak Stock

0.37	SWIN	Solowin Holdings Ordinary	Pair Corr
0.75	WU	Western Union Sell-off Trend	Pair Corr
0.66	IX	Orix Corp Ads	Pair Corr
0.63	XP	Xp Inc	Pair Corr
0.61	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.6	PT	Pintec Technology	Pair Corr
0.55	RM	Regional Management Corp	Pair Corr
0.43	WF	Woori Financial Group	Pair Corr
0.41	EG	Everest Group	Pair Corr
0.31	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	AOAO	AVNY	SCRYY	AQUI	ID	RRTLX	810186AW6	AMPL	IO
AOAO		-1.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	AOAO
AVNY	-1.0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	AVNY
SCRYY	0.0	0.0		0.0	0.74	0.43	-0.71	0.3	0.77	SCRYY
AQUI	-1.0	1.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
ID	0.0	0.0	0.74	0.0		0.57	-0.72	0.31	0.9	ID
RRTLX	0.0	0.0	0.43	0.0	0.57		-0.19	0.41	0.58	RRTLX
810186AW6	0.0	0.0	-0.71	0.0	-0.72	-0.19		-0.07	-0.65	810186AW6
AMPL	0.0	0.0	0.3	0.0	0.31	0.41	-0.07		0.32	AMPL
IO	0.0	0.0	0.77	0.0	0.9	0.58	-0.65	0.32		IO
	AOAO	AVNY	SCRYY	AQUI	ID	RRTLX	810186AW6	AMPL	IO

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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

AQUI	+ 1.0	AVNY
IO	+ 0.9	ID
IO	+ 0.77	SCRYY
ID	+ 0.74	SCRYY
IO	+ 0.58	RRTLX
RRTLX	+ 0.57	ID

High negative correlations

AQUI	- 1.0	AOAO
AVNY	- 1.0	AOAO
810186AW6	- 0.72	ID
810186AW6	- 0.71	SCRYY
IO	- 0.65	810186AW6
810186AW6	- 0.19	RRTLX

Risk-Adjusted Indicators

There is a big difference between Oak Stock performing well and Oak Woods Company 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 Woods' 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
AOAO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYY	2.06	0.26	0.07	1.64	2.00	(2.90)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ID	3.84	0.90	0.16	1.45	3.99	(5.08)	7.89	(6.67)	20.54
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
810186AW6	1.50	(0.02)	0.00	0.23	0.00	0.00	2.65	(6.77)	20.22
AMPL	4.39	0.56	0.08	19.63	5.25	(5.10)	10.34	(8.00)	31.98
IO	5.45	1.36	0.22	1.15	5.24	(6.57)	13.49	(7.35)	30.64

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