River Oak Correlations

Mutual Funds . USA . 
Fund . River Oak Discovery
RIVSX Fund  USD 17.76  0.06  0.34%   
The current 90-days correlation between River Oak Discovery and Rock Oak E is 0.78 (i.e., Poor diversification). The correlation of River 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.

River Oak Correlation With Market

Very poor diversification

The correlation between River Oak Discovery and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding River Oak Discovery 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 River Oak Discovery. 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 River Mutual Fund

  0.97ROGSX Red Oak TechnologyPairCorr
  0.95RCKSX Rock Oak EPairCorr
  0.73POGSX Pin Oak EquityPairCorr
  0.68WOGSX White Oak SelectPairCorr
  0.97BOGSX Black Oak EmergingPairCorr
  0.75VSMAX Vanguard Small CapPairCorr
  0.75VSCIX Vanguard Small CapPairCorr
  0.75VSCPX Vanguard Small CapPairCorr
  0.75NAESX Vanguard Small CapPairCorr
  0.74FSSNX Fidelity Small CapPairCorr
  0.68DFSTX Us Small CapPairCorr
  0.76PASVX T Rowe PricePairCorr
  0.76PRVIX T Rowe PricePairCorr
  0.76TRZVX T Rowe PricePairCorr
  0.76PRSVX T Rowe PricePairCorr
  0.73CPAYX Columbia Pacific/asiaPairCorr
  0.61CASAX Columbia Pacific/asiaPairCorr
  0.61CASCX Columbia PacificasiaPairCorr
  0.72MSKLX Mid Cap GrowthPairCorr
  0.74CISGX Touchstone Sands CapitalPairCorr
  0.63MMCGX Mid Cap GrowthPairCorr
  0.94OSTGX Osterweis EmergingPairCorr
  0.93CENNX Centerstone InvestorsPairCorr
  0.94FIGFX Fidelity InternationalPairCorr
  0.96MTINX Mainstay Income BuilderPairCorr
  0.65FROTX Franklin ConvertiblePairCorr
  0.89QREARX Teachers Insurance AndPairCorr
  0.72MHCAX Mainstay High YieldPairCorr
  0.66OCSGX Optimum Small MidPairCorr
  0.98EPLDX Mainstay Epoch EquityPairCorr
  0.93PADQX Prudential AbsolutePairCorr
  0.96RGGHX American Funds GlobalPairCorr
  0.95LLOAX Sei Institutional ManagedPairCorr
  0.98MSFRX Mfs Total ReturnPairCorr
  0.99ARRQX Aristotle Value EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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