Oakhurst Short Correlations

Mutual Funds . USA . 
Fund . Oakhurst Short Duration
OHSDX Fund  USD 9.43  0.01  0.11%   
The current 90-days correlation between Oakhurst Short Duration and Oakhurst Strategic Defined is -0.07 (i.e., Good diversification). The correlation of Oakhurst Short 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.

Oakhurst Short Correlation With Market

Good diversification

The correlation between Oakhurst Short Duration and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Short Duration and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oakhurst Short Duration. 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 unemployment.

Moving together with Oakhurst Mutual Fund

  0.69OASDX Oakhurst StrategicPairCorr
  0.77OHSHX Oakhurst Short DurationPairCorr
  0.72VBIRX Vanguard Short TermPairCorr
  0.64VFSUX Vanguard Short TermPairCorr
  0.71VFSIX Vanguard Short TermPairCorr
  0.71VFSTX Vanguard Short TermPairCorr
  0.62VBITX Vanguard Short TermPairCorr
  0.64VBISX Vanguard Short TermPairCorr
  0.71LALDX Lord Abbett ShortPairCorr
  0.71VSCSX Vanguard Short TermPairCorr
  0.7LDLAX Lord Abbett ShortPairCorr
  0.66LDLRX Lord Abbett ShortPairCorr
  0.62NHS Neuberger Berman HighPairCorr
  0.7NSBFX Nuveen Santa BarbaraPairCorr
  0.71PGRNX Pax Global EnvironmentalPairCorr
  0.66AFDVX Applied Finance ExplorerPairCorr
  0.71EVAGX Evaluator Aggressive RmsPairCorr
  0.67BWLIX American Beacon BridgewayPairCorr
  0.71FACEX Frost Growth EquityPairCorr
  0.67PHIKX Columbia ConvertiblePairCorr
  0.7GFCUX Goldman Sachs FlexiblePairCorr
  0.74PFALX Pimco Flexible CreditPairCorr
  0.72SBTOX Sanford C BernsteinPairCorr
  0.61MRBCX Mfs Total ReturnPairCorr
  0.61BTO John Hancock FinancialPairCorr
  0.65VSCAX Invesco Small CapPairCorr
  0.71SIRIX Sierra E RetirementPairCorr
  0.72LDP Cohen Steers LimitedPairCorr
  0.71HMJFX Hartford Municipal ShortPairCorr
  0.66AVCNX American Century EtfPairCorr
  0.7PAXWX Pax BalancedPairCorr
  0.71TEDLX Tiaa Cref EmergingPairCorr
  0.67FSELX Fidelity Select SemiPairCorr
  0.73PTCPX Principal Lifetime 2030PairCorr
  0.73ETJ Eaton Vance RiskPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Short 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 Oakhurst Short'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
OASDX  0.38  0.06  0.00  0.25  0.26 
(0.48)
 1.16 
(0.58)
 2.92 
OHFIX  0.23  0.01 (0.37) 0.36  0.18 
(0.30)
 0.46 
(0.46)
 1.04 
OHSHX  0.13  0.04 (0.46) 0.52  0.00 
(0.24)
 0.37 
(0.12)
 0.98 
OHSDX  0.09  0.01 (0.58)(0.69) 0.00 
(0.14)
 0.21 
(0.21)
 0.96 
PAEEX  0.47  0.11  0.08  0.30  0.31 
(0.56)
 1.53 
(1.05)
 3.38 
JGECX  0.52  0.20  0.08 (2.83) 0.33 
(0.58)
 1.49 
(1.04)
 3.38 
OBEGX  0.73  0.20  0.19  0.41  0.47 
(0.90)
 1.87 
(1.26)
 4.04 
NMGAX  0.87  0.21  0.19  0.35  0.72 
(1.06)
 2.29 
(1.52)
 5.51 
IRGMX  0.53  0.04 (0.04)(0.24) 1.90 
(0.47)
 1.29 
(1.09)
 10.98 
FMDRX  0.50  0.07  0.02  0.24  0.50 
(0.53)
 1.15 
(1.32)
 3.35 

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