Pin Oak Correlations

POGSX Fund

USD 98.99 0.14 0.14%

The current 90-days correlation between Pin Oak Equity and Paradigm Micro Cap Fund is 0.73 (i.e., Poor diversification). The correlation of Pin 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.

Pin Oak Correlation With Market

Very poor diversification

The correlation between Pin Oak Equity and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pin Oak Equity 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 Pin Oak Equity. 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 real.

Moving together with Pin Mutual Fund

0.61	RCKSX	Rock Oak E	Pair Corr
0.85	LOGSX	Live Oak Health	Pair Corr
0.74	RIVSX	River Oak Discovery	Pair Corr
0.94	WOGSX	White Oak Select	Pair Corr
0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.8	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VFINX	Vanguard 500 Index	Pair Corr
0.84	VFFSX	Vanguard 500 Index	Pair Corr
0.84	VINIX	Vanguard Institutional	Pair Corr
0.84	VIIIX	Vanguard Institutional	Pair Corr
0.71	FIHLX	Federated Institutional	Pair Corr
0.83	BZGCX	Blackrock Collegeadvantage	Pair Corr
0.77	WIAAEX	Wiaaex	Pair Corr
0.93	PFSIX	Pimco Emerging Markets	Pair Corr
0.76	VWINX	Vanguard Wellesley Income	Pair Corr
0.87	EKSCX	Wells Fargo Diversified	Pair Corr
0.65	TTBWX	Tiaa Cref Short	Pair Corr
0.77	NQGCX	Nuveen Nwq Global	Pair Corr
0.78	SWSBX	Schwab Short Term	Pair Corr
0.74	DCGTX	Jackson Square Smid	Pair Corr
0.8	CBMZX	Columbia Capital All	Pair Corr
0.68	LUNAX	Conservative Balanced	Pair Corr
0.8	ARTGX	Artisan Global Value	Pair Corr
0.63	CFVLX	Value Fund	Pair Corr
0.8	CCOYX	Columbia Seligman	Pair Corr
0.72	HSCVX	Hunter Small Cap	Pair Corr
0.74	FBGRX	Fidelity Blue Chip	Pair Corr
0.85	PQTNX	Pimco Trends Managed	Pair Corr
0.82	CLM	Cornerstone Strategic	Pair Corr
0.8	DLHAX	Delaware Healthcare	Pair Corr

Related Correlations Analysis

	PVIVX	WMKSX	TRRTX	NESIX	MSD	GLQ	CFIMX	RSMRX	CBLSX
PVIVX		0.32	0.21	0.77	0.41	0.02	0.28	0.39	0.37	PVIVX
WMKSX	0.32		0.67	0.16	-0.47	0.07	-0.1	0.51	0.96	WMKSX
TRRTX	0.21	0.67		0.13	-0.38	0.08	0.06	0.65	0.67	TRRTX
NESIX	0.77	0.16	0.13		0.47	0.34	0.43	0.22	0.19	NESIX
MSD	0.41	-0.47	-0.38	0.47		0.33	0.51	0.01	-0.32	MSD
GLQ	0.02	0.07	0.08	0.34	0.33		0.61	0.23	0.13	GLQ
CFIMX	0.28	-0.1	0.06	0.43	0.51	0.61		0.56	0.12	CFIMX
RSMRX	0.39	0.51	0.65	0.22	0.01	0.23	0.56		0.67	RSMRX
CBLSX	0.37	0.96	0.67	0.19	-0.32	0.13	0.12	0.67		CBLSX
	PVIVX	WMKSX	TRRTX	NESIX	MSD	GLQ	CFIMX	RSMRX	CBLSX

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

CBLSX	+ 0.96	WMKSX
NESIX	+ 0.77	PVIVX
TRRTX	+ 0.67	WMKSX
CBLSX	+ 0.67	TRRTX
CBLSX	+ 0.67	RSMRX
RSMRX	+ 0.65	TRRTX

High negative correlations

MSD	- 0.47	WMKSX
MSD	- 0.38	TRRTX
CBLSX	- 0.32	MSD
CFIMX	- 0.1	WMKSX

Risk-Adjusted Indicators

There is a big difference between Pin Mutual Fund performing well and Pin 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 Pin 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
PVIVX	1.13	(0.16)	0.00	(0.02)	0.00	0.00	2.33	(3.35)	8.67
WMKSX	1.24	(0.34)	0.00	(0.13)	0.00	0.00	2.11	(2.17)	22.22
TRRTX	0.29	(0.08)	0.00	(0.24)	0.00	0.00	0.49	(0.41)	5.92
NESIX	1.60	(0.07)	0.01	0.04	2.32	(1.61)	3.10	(4.28)	10.23
MSD	0.42	0.01	(0.07)	0.12	0.40	(0.51)	0.99	(0.82)	2.21
GLQ	0.71	(0.02)	(0.03)	0.06	0.82	(0.82)	1.35	(1.57)	4.54
CFIMX	0.71	0.00	0.00	0.07	1.09	(0.67)	1.65	(1.18)	5.57
RSMRX	0.84	(0.11)	0.00	(0.04)	0.00	0.00	1.71	(1.41)	9.39
CBLSX	0.74	(0.19)	0.00	(0.11)	0.00	0.00	1.20	(1.06)	12.85

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