Cavanal Hill Correlations

Mutual Funds . USA . 
Fund . Cavanal Hill Ultra
APUSX Fund  USD 9.99  0.00  0.00%   
The current 90-days correlation between Cavanal Hill Ultra and Bond Fund Investor is 0.27 (i.e., Modest 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 0.03 (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
  0.85APSTX Limited DurationPairCorr
  0.92APWEX World EnergyPairCorr
  0.74AAENX Strategic Enhanced YieldPairCorr
  0.96AALIX Astonherndon Large CapPairCorr
  0.65AASTX Limited DurationPairCorr
  1.0AAUSX Cavanal Hill UltraPairCorr
  0.66AAWEX World EnergyPairCorr
  0.92ACWEX World EnergyPairCorr
  0.76AIENX Strategic Enhanced YieldPairCorr
  0.96AILIX Cavanal Hill HedgedPairCorr
  0.85AISTX Limited DurationPairCorr
  0.98AIUSX Cavanal Hillultra ShortPairCorr
  0.92AIWEX World EnergyPairCorr
  0.76VMLTX Vanguard Limited TermPairCorr
  0.76VMLUX Vanguard Limited TermPairCorr
  0.68VWSTX Vanguard Short TermPairCorr
  0.68VWSUX Vanguard Short TermPairCorr
  0.68GDUSX Goldman Sachs ShortPairCorr
  0.68GANPX Goldman Sachs ShortPairCorr
  0.69SNDPX Diversified MunicipalPairCorr
  0.7AIDYX Diversified MunicipalPairCorr
  0.7AIDZX Diversified MunicipalPairCorr
  0.95SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.67TTEEX T Rowe PricePairCorr
  0.66TREMX T Rowe PricePairCorr
  0.96ONERX One Rock Fund Steady GrowthPairCorr
  0.66FIKGX Fidelity Advisor SemPairCorr
  0.73FELCX Fidelity Advisor SemPairCorr
  0.73FELIX Fidelity Advisor SemPairCorr
  0.73FSELX Fidelity Select SemiPairCorr
  0.74RMQAX Monthly RebalancePairCorr
  0.66ASMMX Invesco SummitPairCorr
  0.94ESCWX 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 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 (0.35)(1.50) 0.25 
(0.28)
 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  0.12  0.01 (0.56)(0.94) 0.07 
(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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