Cavanal Hill Correlations

Mutual Funds USA . 
Fund . Cavanal Hill Hedged
AILIX Fund  USD 12.35  0.09  0.73%   
The current 90-days correlation between Cavanal Hill Hedged and Bond Fund Investor is 0.19 (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

Almost no diversification

The correlation between Cavanal Hill Hedged and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cavanal Hill Hedged 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 Hedged. 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 Cavanal Mutual Fund

  0.75APENX Strategic Enhanced YieldPairCorr
  1.0APLIX Cavanal Hill HedgedPairCorr
  0.85APSTX Limited DurationPairCorr
  0.96APUSX Cavanal Hill UltraPairCorr
  0.96APWEX World EnergyPairCorr
  0.75AAENX Strategic Enhanced YieldPairCorr
  1.0AALIX Astonherndon Large CapPairCorr
  0.86AASTX Limited DurationPairCorr
  0.96AAUSX Cavanal Hill UltraPairCorr
  0.96AAWEX World EnergyPairCorr
  0.95ACWEX World EnergyPairCorr
  0.77AIENX Strategic Enhanced YieldPairCorr
  0.85AISTX Limited DurationPairCorr
  0.95AIUSX Cavanal Hillultra ShortPairCorr
  0.96AIWEX World EnergyPairCorr
  0.99JHQCX Jpmorgan Hedged EquityPairCorr
  0.99JHEQX Jpmorgan Hedged EquityPairCorr
  0.99JHQAX Jpmorgan Hedged EquityPairCorr
  1.0GTENX Gateway Fund ClassPairCorr
  1.0GTECX Gateway Fund ClassPairCorr
  1.0GTEYX Gateway Fund ClassPairCorr
  1.0GATEX Gateway Fund ClassPairCorr
  0.99JHDCX Jpmorgan Hedged EquityPairCorr
  0.99JHDRX Jpmorgan Hedged EquityPairCorr
  0.99JHDAX Jpmorgan Hedged EquityPairCorr
  0.96CPAYX Columbia Pacific/asiaPairCorr
  0.98CASAX Columbia Pacific/asiaPairCorr
  0.63CCCZX Center St BrookfieldPairCorr
  0.98CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  0.91CSVIX Calvert Small CapPairCorr
  0.98SMSIX Saat Moderate StrategyPairCorr
  0.97HBLTX Hartford BalancedPairCorr
  0.97RGCYX Global OpportunisticPairCorr

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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