Cavanal Hill Correlations

APLIX Fund

USD 13.47 0.05 0.37%

The current 90-days correlation between Cavanal Hill Hedged and Lord Abbett Diversified is 0.04 (i.e., Significant 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

Average diversification

The correlation between Cavanal Hill Hedged and DJI is 0.1 (i.e., Average 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

0.62	APBDX	Bond Fund Investor	Pair Corr
0.7	APWEX	World Energy	Pair Corr
0.74	AALIX	Astonherndon Large Cap	Pair Corr
0.66	AASTX	Limited Duration	Pair Corr
1.0	AILIX	Cavanal Hill Hedged	Pair Corr
0.68	AIUSX	Cavanal Hillultra Short	Pair Corr
0.78	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.77	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.83	GTENX	Gateway Fund Class	Pair Corr
0.97	GTECX	Gateway Fund Class	Pair Corr
0.83	GTEYX	Gateway Fund Class	Pair Corr
0.83	GATEX	Gateway Fund Class	Pair Corr
0.74	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.75	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.61	OKMIX	Oklahoma Municipal	Pair Corr
0.67	FDDTX	American Funds 2025	Pair Corr

Moving against Cavanal Mutual Fund

0.57	PDI	Pimco Dynamic Income	Pair Corr
0.54	USPSX	Profunds Ultrashort	Pair Corr
0.54	USPIX	Profunds Ultrashort	Pair Corr
0.45	TCTGX	Transamerica Cleartrack	Pair Corr
0.45	TCTJX	Transamerica Cleartrack	Pair Corr
0.45	TCSUX	Cleartrack 2020 Class	Pair Corr
0.44	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	LIGFX	ACV	OIDAX	PHTYX	SRDAX	CDEYX	WDIAX	FARIX
LIGFX		0.79	0.78	0.97	0.49	0.79	0.79	0.82	LIGFX
ACV	0.79		0.68	0.82	0.58	0.82	0.82	0.86	ACV
OIDAX	0.78	0.68		0.82	0.46	0.8	0.84	0.76	OIDAX
PHTYX	0.97	0.82	0.82		0.5	0.84	0.84	0.85	PHTYX
SRDAX	0.49	0.58	0.46	0.5		0.63	0.65	0.64	SRDAX
CDEYX	0.79	0.82	0.8	0.84	0.63		0.94	0.86	CDEYX
WDIAX	0.79	0.82	0.84	0.84	0.65	0.94		0.92	WDIAX
FARIX	0.82	0.86	0.76	0.85	0.64	0.86	0.92		FARIX
	LIGFX	ACV	OIDAX	PHTYX	SRDAX	CDEYX	WDIAX	FARIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LIGFX	0.23	0.02	(0.10)	0.12	0.18	(0.27)	0.53	(0.46)	1.46
ACV	0.69	0.15	0.11	0.30	0.78	(0.73)	1.57	(1.30)	5.16
OIDAX	0.57	0.05	(0.02)	0.48	0.78	(0.54)	1.16	(1.24)	3.68
PHTYX	0.47	0.03	0.01	0.11	0.62	(0.48)	1.02	(1.00)	3.22
SRDAX	0.14	0.03	(0.18)	(0.59)	0.00	(0.18)	0.28	(0.38)	0.94
CDEYX	0.51	0.07	0.00	0.65	0.59	(0.55)	1.08	(0.96)	3.28
WDIAX	0.47	0.06	(0.03)	1.60	0.46	(0.59)	0.97	(0.99)	2.67
FARIX	0.36	0.05	(0.01)	0.24	0.31	(0.43)	1.06	(0.67)	1.94

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