Oakhurst Strategic Correlations
| OASDX Fund | USD 12.00 0.09 0.76% |
The correlation of Oakhurst Strategic 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oakhurst Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oakhurst Strategic Defined moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Poor diversification
The correlation between Oakhurst Strategic Defined and NYA is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakhurst Strategic Defined and NYA in the same portfolio, assuming nothing else is changed.
Oakhurst |
The ability to find closely correlated positions to Oakhurst Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oakhurst Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oakhurst Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oakhurst Strategic Defined to buy it.
Moving together with Oakhurst Mutual Fund
| 0.77 | NLSCX | Neuberger Berman Long | PairCorr |
| 0.84 | NLSAX | Neuberger Berman Long | PairCorr |
| 0.85 | NLSIX | Neuberger Berman Long | PairCorr |
| 0.7 | DHLSX | Diamond Hill Long | PairCorr |
| 0.64 | DIAYX | Diamond Hill Long | PairCorr |
| 0.7 | DIAMX | Diamond Hill Long | PairCorr |
| 0.71 | PWLIX | Pimco Rae Worldwide | PairCorr |
| 0.72 | PWLMX | Pimco Rae Worldwide | PairCorr |
| 0.99 | ASLAX | Ab Select Longshort | PairCorr |
| 0.71 | NHS | Neuberger Berman High | PairCorr |
| 0.92 | AMFEX | Aama Equity Fund | PairCorr |
| 0.91 | VWILX | Vanguard International | PairCorr |
| 0.78 | VMIAX | Vanguard Materials Index | PairCorr |
| 0.96 | JWWFX | Janus Global Research | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Oakhurst Mutual Fund performing well and Oakhurst Strategic 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 Strategic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PWLMX | 0.32 | (0.01) | (0.06) | (0.02) | 0.37 | 0.75 | 2.27 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTSX | 0.48 | 0.02 | 0.02 | 0.05 | 0.68 | 0.92 | 3.08 | |||
| LBHIX | 0.16 | 0.00 | (0.08) | 0.01 | 0.15 | 0.25 | 0.97 | |||
| VIASP | 1.31 | 0.33 | 0.16 | 0.25 | 1.69 | 3.96 | 13.41 | |||
| RRTLX | 0.26 | 0.01 | (0.01) | 0.05 |