Cavanal Hillultra Correlations

Mutual Funds . USA . 
Fund . Cavanal Hillultra Short
AIUSX Fund  USD 10.04  0.00  0.00%   
The current 90-days correlation between Cavanal Hillultra Short and Bond Fund Investor is 0.32 (i.e., Weak diversification). The correlation of Cavanal Hillultra 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 Hillultra Correlation With Market

Significant diversification

The correlation between Cavanal Hillultra Short 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 Cavanal Hillultra Short 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 Hillultra Short. 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

  0.61APBDX Bond Fund InvestorPairCorr
  0.82APENX Strategic Enhanced YieldPairCorr
  0.95APLIX Cavanal Hill HedgedPairCorr
  0.9APSTX Limited DurationPairCorr
  0.98APUSX Cavanal Hill UltraPairCorr
  0.91APWEX World EnergyPairCorr
  0.63AABOX Bond Fund ClassPairCorr
  0.82AAENX Strategic Enhanced YieldPairCorr
  0.95AALIX Astonherndon Large CapPairCorr
  0.91AASTX Limited DurationPairCorr
  0.98AAUSX Cavanal Hill UltraPairCorr
  0.91AAWEX World EnergyPairCorr
  0.91ACWEX World EnergyPairCorr
  0.64AIBNX Bond Fund InstitutionalPairCorr
  0.83AIENX Strategic Enhanced YieldPairCorr
  0.95AILIX Cavanal Hill HedgedPairCorr
  0.91AISTX Limited DurationPairCorr
  0.91AIWEX World EnergyPairCorr
  0.98VMLTX Vanguard Limited TermPairCorr
  0.99VMLUX 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
  0.94SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.94SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.92TTEEX T Rowe PricePairCorr
  0.92TREMX T Rowe PricePairCorr
  0.95ONERX One Rock Fund Steady GrowthPairCorr
  0.94FIKGX Fidelity Advisor SemPairCorr
  0.94FELCX Fidelity Advisor SemPairCorr
  0.94FELIX Fidelity Advisor SemPairCorr
  0.94FSELX Fidelity Select SemiPairCorr
  0.93RMQAX Monthly RebalancePairCorr
  0.93ASMMX Invesco SummitPairCorr
  0.91ESCWX Embark Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Cavanal Mutual Fund performing well and Cavanal Hillultra 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 Hillultra'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 
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 
AAUSX  0.03  0.00  0.00  0.00  0.00 
 0.00 
 0.10 
 0.00 
 0.40 

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