River Oak Correlations

RIVSX Fund

USD 19.17 0.20 1.03%

The current 90-days correlation between River Oak Discovery and Rock Oak E is 0.84 (i.e., Very poor diversification). The correlation of River 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.

River Oak Correlation With Market

Very poor diversification

The correlation between River Oak Discovery and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding River Oak Discovery 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 River Oak Discovery. 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 state.

Moving together with River Mutual Fund

0.67	ROGSX	Red Oak Technology	Pair Corr
0.93	RCKSX	Rock Oak E	Pair Corr
0.93	POGSX	Pin Oak Equity	Pair Corr
0.84	WOGSX	White Oak Select	Pair Corr
0.83	BOGSX	Black Oak Emerging	Pair Corr
0.94	VSMAX	Vanguard Small Cap	Pair Corr
0.94	VSCIX	Vanguard Small Cap	Pair Corr
0.94	VSCPX	Vanguard Small Cap	Pair Corr
0.94	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.96	DFSTX	Us Small Cap	Pair Corr
0.95	PASVX	T Rowe Price	Pair Corr
0.95	PRVIX	T Rowe Price	Pair Corr
0.95	TRZVX	T Rowe Price	Pair Corr
0.95	PRSVX	T Rowe Price	Pair Corr
0.89	AMEIX	Equity Growth	Pair Corr
0.86	SAGAX	Ridgeworth Innovative	Pair Corr
0.74	GAPIX	Goldman Sachs Equity	Pair Corr
0.92	AMGIX	Income Growth	Pair Corr
0.89	ILESX	Fisher Investments	Pair Corr
0.91	WWLAX	Westwood Largecap Value	Pair Corr
0.86	VWELX	Vanguard Wellington	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.83	GAB	Gabelli Equity Trust	Pair Corr
0.9	DFMAX	Davidson Multi Cap	Pair Corr
0.94	TLCYX	Touchstone Large Cap	Pair Corr
0.89	MLMAX	Global E Portfolio	Pair Corr
0.89	AMGOX	Alger Mid Cap	Pair Corr

Moving against River Mutual Fund

0.52	NHS	Neuberger Berman High	Pair Corr
0.35	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	RCKSX	LOGSX	BOGSX	POGSX	ROGSX
RCKSX		-0.39	0.86	0.96	0.79	RCKSX
LOGSX	-0.39		-0.37	-0.27	-0.44	LOGSX
BOGSX	0.86	-0.37		0.87	0.93	BOGSX
POGSX	0.96	-0.27	0.87		0.82	POGSX
ROGSX	0.79	-0.44	0.93	0.82		ROGSX
	RCKSX	LOGSX	BOGSX	POGSX	ROGSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

POGSX	+ 0.96	RCKSX
ROGSX	+ 0.93	BOGSX
POGSX	+ 0.87	BOGSX
BOGSX	+ 0.86	RCKSX
ROGSX	+ 0.82	POGSX
ROGSX	+ 0.79	RCKSX

High negative correlations

ROGSX	- 0.44	LOGSX
LOGSX	- 0.39	RCKSX
BOGSX	- 0.37	LOGSX
POGSX	- 0.27	LOGSX

Risk-Adjusted Indicators

There is a big difference between River Mutual Fund performing well and River 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 River 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
RCKSX	0.65	0.02	0.01	0.13	0.69	(0.72)	1.33	(1.16)	5.01
LOGSX	0.61	(0.13)	0.00	(0.11)	0.00	0.00	1.02	(1.16)	3.97
BOGSX	0.96	(0.12)	(0.05)	0.03	1.39	(0.95)	1.88	(2.25)	5.68
POGSX	0.63	(0.03)	(0.05)	0.08	0.81	(0.65)	1.20	(1.70)	4.73
ROGSX	0.87	(0.09)	(0.05)	0.03	1.35	(0.84)	1.70	(2.51)	5.59

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC