Black Oak Correlations

BOGSX Fund

USD 8.10 0.01 0.12%

The current 90-days correlation between Black Oak Emerging and Red Oak Technology is 0.94 (i.e., Almost no diversification). The correlation of Black 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.

Black Oak Correlation With Market

Poor diversification

The correlation between Black Oak Emerging and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Black Oak Emerging 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 Black Oak Emerging. 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 Black Mutual Fund

0.68	DBD	Diebold Nixdorf,	Pair Corr
0.68	GENVR	Gen Digital Contingent	Pair Corr
0.61	HPE-PC	Hewlett Packard Ente	Pair Corr
0.74	CORZZ	Core Scientific, Tranche	Pair Corr
0.64	STRF	MicroStrategy Incorporated	Pair Corr
0.99	ROGSX	Red Oak Technology	Pair Corr
0.99	RCKSX	Rock Oak E	Pair Corr
0.62	LOGSX	Live Oak Health	Pair Corr

Moving against Black Mutual Fund

0.57	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.56	JNPR	Juniper Networks	Pair Corr
0.33	DAICW	CID HoldCo, Warrants	Pair Corr
0.75	SMTK	SmartKem, Common Stock	Pair Corr
0.55	AXIL	AXIL Brands, Trending	Pair Corr
0.37	SLNHP	Soluna Holdings Preferred	Pair Corr
0.35	APCX	Apptech Corp	Pair Corr
0.34	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	ROGSX	POGSX	WOGSX	LOGSX	BFOCX
ROGSX		0.79	0.72	0.57	0.65	ROGSX
POGSX	0.79		0.85	0.62	0.8	POGSX
WOGSX	0.72	0.85		0.42	0.97	WOGSX
LOGSX	0.57	0.62	0.42		0.3	LOGSX
BFOCX	0.65	0.8	0.97	0.3		BFOCX
	ROGSX	POGSX	WOGSX	LOGSX	BFOCX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ROGSX	0.86	0.24	0.25	0.37	0.51	(1.03)	2.44	(1.14)	5.65
POGSX	0.58	0.26	0.20	13.31	0.00	(0.68)	1.81	(0.96)	4.44
WOGSX	0.60	0.24	0.17	6.53	0.20	(0.70)	1.78	(0.91)	4.89
LOGSX	0.74	0.07	(0.09)	(0.23)	0.87	(0.78)	1.36	(1.37)	4.52
BFOCX	1.31	0.70	0.49	2.20	0.35	(1.65)	4.28	(1.65)	7.90

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