River Oak Correlations

Mutual Funds . USA . 
Fund . River Oak Discovery
RIVSX Fund  USD 16.73  0.32  1.88%   
The current 90-days correlation between River Oak Discovery and Rock Oak E is -0.04 (i.e., Good 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

Good diversification

The correlation between River Oak Discovery and DJI is -0.07 (i.e., Good 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

  0.96ROGSX Red Oak TechnologyPairCorr
  0.71RCKSX Rock Oak EPairCorr
  0.76LOGSX Live Oak HealthPairCorr
  0.94POGSX Pin Oak EquityPairCorr
  0.98WOGSX White Oak SelectPairCorr
  0.92BOGSX Black Oak EmergingPairCorr
  0.98VSMAX Vanguard Small CapPairCorr
  0.91VSCIX Vanguard Small CapPairCorr
  0.98VSCPX Vanguard Small CapPairCorr
  0.91NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  0.9DFSTX Us Small CapPairCorr
  0.92PASVX T Rowe PricePairCorr
  0.92PRVIX T Rowe PricePairCorr
  0.91TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.85DXQLX Direxion Monthly NasdaqPairCorr
  0.89RYVLX Nasdaq 100 2xPairCorr
  0.96RYVYX Nasdaq 100 2xPairCorr
  0.89UOPIX Ultra Nasdaq 100PairCorr
  0.89RYCCX Nasdaq 100 2xPairCorr
  0.89UOPSX Ultranasdaq 100 ProfundPairCorr
  0.82INPIX Internet UltrasectorPairCorr
  0.92INPSX Internet UltrasectorPairCorr
  0.78BIPIX Biotechnology UltrasectorPairCorr

Moving against River Mutual Fund

  0.66HLLVX Jpmorgan Short DurationPairCorr
  0.59EKWYX Wells Fargo Advantage Steady GrowthPairCorr
  0.58AGGWX Global Gold Fund Steady GrowthPairCorr
  0.5VBIIX Vanguard IntermediatePairCorr
  0.5OGMIX Oppenheimer Gold Special Steady GrowthPairCorr
  0.48VUBFX Vanguard Ultra ShortPairCorr
  0.4BDMIX Blackrock Gbl LngPairCorr
  0.36ASDCX Aamhimco Short DurationPairCorr
  0.36MAUKX Pioneer Multi AssetPairCorr

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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