Red Oak Correlations

ROGSX Fund

USD 52.42 0.37 0.71%

The current 90-days correlation between Red Oak Technology and Pin Oak Equity is -0.07 (i.e., Good diversification). The correlation of Red 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.

Red Oak Correlation With Market

Good diversification

The correlation between Red Oak Technology and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Red Oak Technology 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 Red Oak Technology. 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 Red Mutual Fund

0.95	DBD	Diebold Nixdorf,	Pair Corr
0.88	GENVR	Gen Digital Contingent	Pair Corr
0.61	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.71	BULLW	Webull Warrants	Pair Corr
0.82	HPE-PC	Hewlett Packard Ente	Pair Corr
0.8	CORZZ	Core Scientific, Tranche	Pair Corr
0.72	LOGSX	Live Oak Health	Pair Corr
0.86	POGSX	Pin Oak Equity	Pair Corr
0.87	WOGSX	White Oak Select	Pair Corr

Moving against Red Mutual Fund

0.65	EXOD	Exodus Movement, Upward Rally	Pair Corr
0.53	VSTE	Vast Renewables	Pair Corr
0.46	ODYS	Odysightai Common Stock	Pair Corr
0.37	DVLT	Datavault AI Symbol Change	Pair Corr
0.36	BULLZ	Webull Incentive	Pair Corr
0.36	DAICW	CID HoldCo, Warrants	Pair Corr
0.71	AXIL	AXIL Brands,	Pair Corr
0.46	BNAIW	Brand Engagement Network	Pair Corr
0.35	SLNHP	Soluna Holdings Preferred Upward Rally	Pair Corr
0.35	APCX	Apptech Corp	Pair Corr

Related Correlations Analysis

	POGSX	WOGSX	BOGSX	BFOCX	JAGTX
POGSX		0.99	0.87	0.83	0.98	POGSX
WOGSX	0.99		0.88	0.85	0.99	WOGSX
BOGSX	0.87	0.88		0.98	0.89	BOGSX
BFOCX	0.83	0.85	0.98		0.86	BFOCX
JAGTX	0.98	0.99	0.89	0.86		JAGTX
	POGSX	WOGSX	BOGSX	BFOCX	JAGTX

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Risk-Adjusted Indicators

There is a big difference between Red Mutual Fund performing well and Red 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 Red 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
POGSX	0.65	0.13	0.12	0.33	0.36	(0.73)	1.90	(0.98)	4.44
WOGSX	0.67	0.12	0.11	0.31	0.39	(0.76)	1.96	(1.00)	4.89
BOGSX	0.85	0.38	0.20	(1.94)	0.38	(1.13)	2.32	(1.24)	5.78
BFOCX	1.46	0.80	0.40	(2.83)	0.76	(1.76)	4.28	(1.71)	7.90
JAGTX	0.85	0.34	0.35	0.56	0.13	(1.07)	2.28	(0.93)	5.89

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