Oak Ridge Correlations

Mutual Funds . USA . 
Fund . Oak Ridge Dynamic
ORSIX Fund  USD 14.76  0.09  0.61%   
The current 90-days correlation between Oak Ridge Dynamic and Adirondack Small Cap is 0.92 (i.e., Almost no diversification). The correlation of Oak Ridge 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.

Oak Ridge Correlation With Market

Very poor diversification

The correlation between Oak Ridge Dynamic and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Dynamic 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 Oak Ridge Dynamic. 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 Oak Mutual Fund

  0.91NSIVX North Square InvestmentsPairCorr
  0.61ADVNX Advisory ResearchPairCorr
  0.98ADVGX Advisory Research AllPairCorr
  0.99PORYX Oak Ridge MultiPairCorr
  0.99NKMCX North Square KennedyPairCorr
  0.61NMKBX North Square MckeePairCorr
  0.95ORDNX Oak Ridge DividendPairCorr
  1.0ORIYX Oak Ridge SmallPairCorr
  1.0ORIGX Oak Ridge SmallPairCorr
  0.99ORILX Oak Ridge MultiPairCorr
  1.0ORSAX Oak Ridge DynamicPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.97INPIX Internet UltrasectorPairCorr
  0.97INPSX Internet UltrasectorPairCorr
  0.77BIPIX Biotechnology UltrasectorPairCorr
  0.98PSIFX Prudential Qma StockPairCorr
  0.97THOCX Thornburg Global OppPairCorr
  0.91BARAX Baron Asset FundPairCorr
  0.99FSCRX Fidelity Small CapPairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.98TBLIX Transamerica Multi-managedPairCorr
  0.99ARSIX Amg River RoadPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Oak Mutual Fund performing well and Oak Ridge 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 Oak Ridge'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
ADKSX  0.80  0.10  0.09  0.24  0.75 
(0.91)
 2.09 
(1.54)
 5.11 
DTSVX  0.95  0.12  0.12  0.25  0.84 
(1.16)
 2.39 
(1.84)
 6.41 
INFIX  0.69  0.14 (0.02)(0.65) 0.85 
(0.79)
 1.44 
(1.56)
 4.56 
NSIVX  0.51  0.06 (0.02) 0.29  0.45 
(0.59)
 1.07 
(0.93)
 3.38 
ADVNX  0.22  0.03 (0.34)(0.20) 0.24 
(0.25)
 0.42 
(0.62)
 1.36 
ADVGX  1.01  0.15  0.14  0.26  0.85 
(1.16)
 2.45 
(2.28)
 6.09 
ADVAX  0.22  0.02 (0.33)(0.19) 0.24 
(0.26)
 0.42 
(0.62)
 1.46 
PORYX  0.47  0.07  0.02  0.23  0.39 
(0.55)
 1.35 
(0.89)
 3.31 
NKMCX  0.90  0.17  0.16  0.30  0.72 
(1.08)
 2.59 
(1.73)
 5.43 
NMKBX  0.24  0.00 (0.36) 0.14  0.23 
(0.28)
 0.46 
(0.45)
 1.27 

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