Live Oak Correlations

LOGSX Fund

USD 20.19 0.24 1.17%

The current 90-days correlation between Live Oak Health and Black Oak Emerging is 0.54 (i.e., Very weak diversification). The correlation of Live 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.

Live Oak Correlation With Market

Poor diversification

The correlation between Live Oak Health and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Oak Health and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Live Oak Health. 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 Live Mutual Fund

0.67	ROGSX	Red Oak Technology	Pair Corr
0.75	RCKSX	Rock Oak E	Pair Corr
0.69	RIVSX	River Oak Discovery	Pair Corr
0.7	BOGSX	Black Oak Emerging	Pair Corr
0.67	TDHIX	Transamerica High Yield	Pair Corr
0.72	HGICX	Hartford E Equity	Pair Corr
0.69	WSCOX	Wells Fargo Advantage	Pair Corr
0.74	RTISX	Select International	Pair Corr
0.68	SMVLX	Smead Value Fund Potential Growth	Pair Corr
0.72	MXKLX	Great West Lifetime	Pair Corr
0.61	GDFRX	Goldman Sachs E	Pair Corr
0.67	STVZX	Ridgeworth Ceredex Large	Pair Corr
0.68	JSEQX	Jpmorgan Small Cap	Pair Corr
0.72	ARIBX	Aristotle Funds Series	Pair Corr
0.71	PFSGX	Pfg Global Equity	Pair Corr
0.7	PNRAX	Putnam Research	Pair Corr
0.73	NWLIX	Nationwide Destination	Pair Corr
0.66	TWEMX	Thomas White Emerging	Pair Corr

Related Correlations Analysis

	BOGSX	POGSX	ROGSX	WOGSX	RCKSX
BOGSX		0.76	0.99	0.68	0.99	BOGSX
POGSX	0.76		0.79	0.85	0.73	POGSX
ROGSX	0.99	0.79		0.72	0.98	ROGSX
WOGSX	0.68	0.85	0.72		0.64	WOGSX
RCKSX	0.99	0.73	0.98	0.64		RCKSX
	BOGSX	POGSX	ROGSX	WOGSX	RCKSX

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Risk-Adjusted Indicators

There is a big difference between Live Mutual Fund performing well and Live 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 Live 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
BOGSX	0.84	0.18	0.17	0.31	0.60	(1.06)	2.32	(1.46)	5.78
POGSX	0.58	0.26	0.20	13.31	0.00	(0.68)	1.81	(0.96)	4.44
ROGSX	0.86	0.24	0.25	0.37	0.51	(1.03)	2.44	(1.14)	5.65
WOGSX	0.60	0.24	0.17	6.53	0.20	(0.70)	1.78	(0.91)	4.89
RCKSX	0.65	0.10	0.09	0.26	0.53	(0.73)	1.80	(1.11)	4.19

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Live Oak Correlations

Live Oak Correlation With Market

Poor diversification

Moving together with Live Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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