Oakhurst Fixed Correlations

OHFIX Fund

USD 8.66 0.04 0.46%

The current 90-days correlation between Oakhurst Fixed Income and Oakhurst Strategic Defined is 0.23 (i.e., Modest diversification). The correlation of Oakhurst Fixed 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 Fixed Correlation With Market

Significant diversification

The correlation between Oakhurst Fixed Income and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Fixed Income 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 Fixed Income. 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 gross domestic product.

Moving together with Oakhurst Mutual Fund

0.84	OHSDX	Oakhurst Short Duration	Pair Corr
0.97	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
0.98	PTTPX	Pimco Total Return	Pair Corr
0.98	PTRRX	Total Return	Pair Corr
0.98	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
0.98	DODIX	Dodge Income	Pair Corr
0.97	MWTIX	Metropolitan West Total	Pair Corr
0.97	MWTRX	Metropolitan West Total	Pair Corr
0.76	XDSMX	Dreyfus Strategic	Pair Corr
0.86	XNXJX	Nuveen New Jersey	Pair Corr
0.83	NXJ	Nuveen New Jersey	Pair Corr
0.91	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Oakhurst Mutual Fund

0.84	XNKGX	Nuveen Georgia Quality	Pair Corr
0.55	OHSHX	Oakhurst Short Duration	Pair Corr
0.45	OASDX	Oakhurst Strategic	Pair Corr
0.55	FSELX	Fidelity Select Semi	Pair Corr
0.45	SENCX	Sentinel Mon Stock	Pair Corr
0.38	FMAGX	Fidelity Magellan	Pair Corr
0.35	MIGOX	Marsico Global	Pair Corr
0.32	XPPRX	Voya Prime Rate	Pair Corr
0.87	APDPX	Artisan Global Uncon	Pair Corr
0.69	LGRAX	Lord Abbett Investment	Pair Corr
0.65	RUSIX	Rbc Ultra Short	Pair Corr
0.62	SOUCX	American Beacon Soun	Pair Corr

Related Correlations Analysis

	OASDX	OHFIX	OHSHX	OHSDX	RNGBX	USTCX	VFINX	LPRNX	RQECX	VTSAX
OASDX		-0.45	0.9	-0.13	0.48	0.95	1.0	0.35	0.88	0.95	OASDX
OHFIX	-0.45		-0.55	0.84	-0.11	-0.41	-0.43	0.51	-0.62	-0.41	OHFIX
OHSHX	0.9	-0.55		-0.26	0.59	0.9	0.9	0.3	0.88	0.92	OHSHX
OHSDX	-0.13	0.84	-0.26		-0.05	-0.12	-0.11	0.57	-0.32	-0.12	OHSDX
RNGBX	0.48	-0.11	0.59	-0.05		0.57	0.49	0.63	0.44	0.63	RNGBX
USTCX	0.95	-0.41	0.9	-0.12	0.57		0.94	0.45	0.83	0.98	USTCX
VFINX	1.0	-0.43	0.9	-0.11	0.49	0.94		0.37	0.87	0.94	VFINX
LPRNX	0.35	0.51	0.3	0.57	0.63	0.45	0.37		0.17	0.48	LPRNX
RQECX	0.88	-0.62	0.88	-0.32	0.44	0.83	0.87	0.17		0.83	RQECX
VTSAX	0.95	-0.41	0.92	-0.12	0.63	0.98	0.94	0.48	0.83		VTSAX
	OASDX	OHFIX	OHSHX	OHSDX	RNGBX	USTCX	VFINX	LPRNX	RQECX	VTSAX

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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

VFINX	+ 1.0	OASDX
VTSAX	+ 0.98	USTCX
USTCX	+ 0.95	OASDX
VTSAX	+ 0.95	OASDX
VFINX	+ 0.94	USTCX
VTSAX	+ 0.94	VFINX

High negative correlations

RQECX	- 0.62	OHFIX
OHSHX	- 0.55	OHFIX
OHFIX	- 0.45	OASDX
VFINX	- 0.43	OHFIX
VTSAX	- 0.41	OHFIX
USTCX	- 0.41	OHFIX

Risk-Adjusted Indicators

There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Fixed 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 Fixed'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	(2.18)	0.00	0.00	0.45	(0.57)	1.49
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
RNGBX	0.86	(0.11)	0.00	(0.08)	0.00	0.00	1.38	(1.97)	12.29
USTCX	0.97	0.13	0.08	0.14	1.28	(0.93)	2.13	(1.88)	7.13
VFINX	0.52	0.06	0.04	1.04	0.72	(0.51)	0.97	(0.96)	3.84
LPRNX	0.34	(0.03)	0.00	(0.05)	0.00	0.00	0.78	(0.64)	3.20
RQECX	1.01	0.19	0.14	(1.53)	0.96	(1.23)	2.63	(1.85)	5.96
VTSAX	0.55	0.04	0.05	0.07	0.75	(0.58)	0.98	(0.95)	5.94

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