Oakhurst Strategic Correlations

OASDX Fund

USD 13.13 0.21 1.57%

The current 90-days correlation between Oakhurst Strategic and Oakhurst Fixed Income is 0.07 (i.e., Significant diversification). The correlation of Oakhurst Strategic 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.

Oakhurst Strategic Correlation With Market

Significant diversification

The correlation between Oakhurst Strategic Defined and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Strategic Defined 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 Oakhurst Strategic Defined. 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 unemployment.

Moving together with Oakhurst Mutual Fund

0.9	OHSHX	Oakhurst Short Duration	Pair Corr
0.95	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.95	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.96	GTENX	Gateway Fund Class	Pair Corr
0.96	GTECX	Gateway Fund Class	Pair Corr
0.96	GTEYX	Gateway Fund Class	Pair Corr
0.96	GATEX	Gateway Fund Class	Pair Corr
0.96	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHDRX	Jpmorgan Hedged Equity Potential Growth	Pair Corr
0.96	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.92	PYARX	Payden Absolute Return	Pair Corr
0.88	BCAAX	Brandywineglobal C	Pair Corr
0.92	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.71	RGGEX	American Funds Global	Pair Corr
1.0	FZROX	Fidelity Zero Total	Pair Corr
0.74	GVCAX	Gabelli Value	Pair Corr
0.93	ELFNX	Elfun Trusts Elfun	Pair Corr
0.91	CLM	Cornerstone Strategic	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr

Moving against Oakhurst Mutual Fund

0.93	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.93	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.83	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.51	PDI	Pimco Dynamic Income	Pair Corr
0.47	OHFIX	Oakhurst Fixed Income	Pair Corr

Related Correlations Analysis

	OASDX	OHFIX	OHSHX	OHSDX	VSCIX	FAGOX	VEXMX	DFSVX	JHTRX	MDLOX
OASDX		-0.47	0.9	-0.13	0.95	0.95	0.92	0.79	0.96	0.53	OASDX
OHFIX	-0.47		-0.59	0.89	-0.39	-0.52	-0.46	-0.38	-0.54	0.29	OHFIX
OHSHX	0.9	-0.59		-0.26	0.9	0.9	0.92	0.86	0.89	0.48	OHSHX
OHSDX	-0.13	0.89	-0.26		-0.04	-0.2	-0.12	-0.08	-0.2	0.49	OHSDX
VSCIX	0.95	-0.39	0.9	-0.04		0.88	0.97	0.91	0.9	0.59	VSCIX
FAGOX	0.95	-0.52	0.9	-0.2	0.88		0.91	0.76	0.92	0.56	FAGOX
VEXMX	0.92	-0.46	0.92	-0.12	0.97	0.91		0.95	0.89	0.59	VEXMX
DFSVX	0.79	-0.38	0.86	-0.08	0.91	0.76	0.95		0.74	0.59	DFSVX
JHTRX	0.96	-0.54	0.89	-0.2	0.9	0.92	0.89	0.74		0.4	JHTRX
MDLOX	0.53	0.29	0.48	0.49	0.59	0.56	0.59	0.59	0.4		MDLOX
	OASDX	OHFIX	OHSHX	OHSDX	VSCIX	FAGOX	VEXMX	DFSVX	JHTRX	MDLOX

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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

VEXMX	+ 0.97	VSCIX
JHTRX	+ 0.96	OASDX
VSCIX	+ 0.95	OASDX
FAGOX	+ 0.95	OASDX
DFSVX	+ 0.95	VEXMX
VEXMX	+ 0.92	OASDX

High negative correlations

OHSHX	- 0.59	OHFIX
JHTRX	- 0.54	OHFIX
FAGOX	- 0.52	OHFIX
OHFIX	- 0.47	OASDX
VEXMX	- 0.46	OHFIX
VSCIX	- 0.39	OHFIX

Risk-Adjusted Indicators

There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Strategic 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 Oakhurst Strategic'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
OASDX	0.38	0.05	0.06	0.89	0.44	(0.42)	0.76	(0.69)	2.62
OHFIX	0.24	(0.06)	0.00	(1.02)	0.00	0.00	0.45	(0.57)	1.15
OHSHX	0.11	0.00	(0.10)	0.00	0.10	(0.14)	0.22	(0.22)	0.67
OHSDX	0.08	(0.02)	0.00	(0.88)	0.00	0.00	0.21	(0.21)	0.53
VSCIX	0.75	0.04	0.02	0.19	0.99	(0.78)	1.62	(1.18)	5.35
FAGOX	0.79	0.14	0.10	0.17	1.04	(0.76)	1.97	(1.49)	6.45
VEXMX	0.83	0.06	0.06	0.07	1.01	(0.88)	1.74	(1.21)	9.12
DFSVX	0.87	(0.04)	(0.03)	0.00	1.02	(1.11)	1.74	(1.40)	10.93
JHTRX	0.27	0.07	0.10	1.07	0.20	(0.30)	0.58	(0.52)	2.53
MDLOX	0.38	(0.02)	0.00	(0.02)	0.00	0.00	0.87	(0.82)	3.38

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