Cavanal Hill Correlations

Mutual Funds . USA . 
Fund . Cavanal Hill Ultra
AAUSX Fund  USD 10.01  0.00  0.00%   
The current 90-days correlation between Cavanal Hill Ultra and Bond Fund Investor is 0.18 (i.e., Average diversification). The correlation of Cavanal Hill 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.

Cavanal Hill Correlation With Market

Significant diversification

The correlation between Cavanal Hill Ultra and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cavanal Hill Ultra and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavanal Hill Ultra. 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 Cavanal Mutual Fund

  0.74APENX Strategic Enhanced YieldPairCorr
  0.96APLIX Cavanal Hill HedgedPairCorr
  0.86APSTX Limited DurationPairCorr
  1.0APUSX Cavanal Hill UltraPairCorr
  0.92APWEX World EnergyPairCorr
  0.75AAENX Strategic Enhanced YieldPairCorr
  0.96AALIX Astonherndon Large CapPairCorr
  0.87AASTX Limited DurationPairCorr
  0.92AAWEX World EnergyPairCorr
  0.92ACWEX World EnergyPairCorr
  0.77AIENX Strategic Enhanced YieldPairCorr
  0.96AILIX Cavanal Hill HedgedPairCorr
  0.86AISTX Limited DurationPairCorr
  0.98AIUSX Cavanal Hillultra ShortPairCorr
  0.92AIWEX World EnergyPairCorr
  0.98VMLTX Vanguard Limited TermPairCorr
  0.98VMLUX Vanguard Limited TermPairCorr
  0.99VWSTX Vanguard Short TermPairCorr
  0.99VWSUX Vanguard Short TermPairCorr
  0.99GDUSX Goldman Sachs ShortPairCorr
  0.99GANPX Goldman Sachs ShortPairCorr
  0.9SNDPX Diversified MunicipalPairCorr
  0.91AIDYX Diversified MunicipalPairCorr
  0.91AIDZX Diversified MunicipalPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.98FMUSX Federated MunicipalPairCorr
  0.97PYBLX Payden Floating RatePairCorr
  0.86LIONX Issachar Fund IssacharPairCorr
  0.95ABCRX American BeaconPairCorr
  0.96DFESX Dfa Emerging MarketsPairCorr
  0.92SSGSX Victory Sycamore SmallPairCorr
  0.92MSAAX Active InternationalPairCorr
  0.95JSLGX Multimanager LifestylePairCorr
  0.95IIRSX Voya Russelltm SmallPairCorr
  0.77JIMEX Johnson InstitutionalPairCorr
  0.95GSPIX Goldman Sachs CapitalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Cavanal Mutual Fund performing well and Cavanal Hill 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 Cavanal Hill'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APBDX  0.25 (0.01)(0.36) 0.04  0.30 
(0.27)
 0.48 
(0.59)
 1.20 
APENX  0.23  0.01 (0.33) 0.19  0.22 
(0.26)
 0.46 
(0.46)
 1.16 
APLIX  0.52  0.11  0.10  0.29  0.33 
(0.59)
 1.57 
(0.93)
 4.17 
APSTX  0.11  0.01 (0.63) 0.57  0.00 
(0.17)
 0.22 
(0.22)
 0.96 
APUSX  0.03  0.00  0.00  1.96  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
APWEX  0.86  0.30  0.19  0.78  0.76 
(0.99)
 2.09 
(1.46)
 4.52 
AABOX  0.24 (0.01)(0.36) 0.04  0.27 
(0.27)
 0.48 
(0.47)
 1.20 
AAENX  0.22  0.01 (0.39) 0.23  0.18 
(0.27)
 0.47 
(0.46)
 1.17 
AALIX  0.51  0.11  0.09  0.29  0.36 
(0.59)
 1.57 
(0.93)
 4.17 
AASTX  0.13  0.01 (0.58) 0.41  0.06 
(0.16)
 0.22 
(0.22)
 0.97 

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