Angel Oak Correlations

Mutual Funds . USA . 
Fund . Angel Oak Multi Strategy
ANGCX Fund  USD 8.57  0.01  0.12%   
The current 90-days correlation between Angel Oak Multi and Ab Bond Inflation is -0.07 (i.e., Good diversification). The correlation of Angel 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.

Angel Oak Correlation With Market

Good diversification

The correlation between Angel Oak Multi Strategy and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angel Oak Multi Strategy 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 Angel Oak Multi Strategy. 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 main economic indicators.

Moving together with Angel Mutual Fund

  0.99ANGLX Angel Oak MultiPairCorr
  0.97ANGIX Angel Oak MultiPairCorr
  0.66DSL Doubleline IncomePairCorr
  0.93AOUNX Angel Oak UltrashortPairCorr
  0.93AOUIX Angel Oak UltrashortPairCorr
  0.93AOUAX Angel Oak UltrashortPairCorr
  0.98PONAX Pimco IncomePairCorr
  0.94PONCX Pimco IncomePairCorr
  0.97PIPNX Pimco IncomePairCorr
  0.94PONRX Pimco IncomePairCorr
  0.94PONPX Pimco Incme FundPairCorr
  0.94PIINX Pimco IncomePairCorr
  0.94PIMIX Pimco IncomePairCorr
  0.9LBNDX Lord Abbett BondPairCorr
  0.9FSTAX Fidelity Advisor StrPairCorr
  0.9FSRIX Fidelity Advisor StrPairCorr
  0.83CPAYX Columbia Pacific/asiaPairCorr
  0.85CASAX Columbia Pacific/asiaPairCorr
  0.73CCCZX Center St BrookfieldPairCorr
  0.84CASCX Columbia PacificasiaPairCorr
  0.76MSKLX Mid Cap GrowthPairCorr
  0.74CISGX Touchstone Sands CapitalPairCorr
  0.76MPEGX Mid Cap GrowthPairCorr
  0.73FIVFX Fidelity InternationalPairCorr
  0.67AKRSX Akre Focus FundPairCorr
  0.83HRLTX Hartford GlobalPairCorr
  0.9STISX Federated StrategicPairCorr
  0.69TICSX Touchstone Small PanyPairCorr
  0.81VWENX Vanguard WellingtonPairCorr
  0.76QCERX Aqr Large CapPairCorr
  0.84LTINX Principal Lifetime 2015PairCorr
  0.77JGECX Jhancock Global EquityPairCorr
  0.73FSRFX Transportation Portfolio Potential GrowthPairCorr
  0.68GUIRX Goldman Sachs DynamicPairCorr
  0.95MPIBX Bny Mellon IntermediatePairCorr
  0.84VEIPX Vanguard Equity IncomePairCorr
  0.89FMUUX Federated MunicipalPairCorr
  0.82FEIPX Fa529 Eq InPairCorr
  0.65PCLAX Pimco CommoditiesplusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Angel Mutual Fund performing well and Angel 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 Angel 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.

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