Red Oak Correlations

ROGSX Fund

USD 54.43 0.92 1.72%

The current 90-days correlation between Red Oak Technology and Pin Oak Equity is 0.83 (i.e., Very poor 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

Poor diversification

The correlation between Red Oak Technology and DJI is 0.68 (i.e., Poor 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 manufacturing.

Moving together with Red Mutual Fund

0.9	YB	Yuanbao American Dep	Pair Corr
0.84	ETWO	E2open Parent Holdings	Pair Corr
0.93	DBD	Diebold Nixdorf,	Pair Corr
0.63	FIG	Figma, Inc	Pair Corr
0.76	GENVR	Gen Digital Contingent	Pair Corr
0.76	JFU	9F Inc Tech Boost	Pair Corr
0.97	SNX	Synnex	Pair Corr
0.92	GRMN	Garmin	Pair Corr
0.88	BULLW	Webull Warrants	Pair Corr
0.65	LHSW	Lianhe Sowell Intern	Pair Corr

Moving against Red Mutual Fund

0.9	FAASW	DigiAsia Corp	Pair Corr
0.89	GIB	CGI Inc	Pair Corr
0.86	DVLT	Datavault AI Symbol Change	Pair Corr
0.8	VSTE	Vast Renewables	Pair Corr
0.72	VISL	Vislink Technologies	Pair Corr
0.36	OUSTW	Ouster, Warrants	Pair Corr
0.33	VBIX	Viewbix Common Stock	Pair Corr
0.75	GIBOW	GIBO Holdings Limited	Pair Corr
0.73	RUMBW	Rumble Inc	Pair Corr
0.63	APCXW	AppTech Payments Corp	Pair Corr
0.63	KARO	Karooooo	Pair Corr
0.44	YIBO	Planet Image Interna	Pair Corr
0.94	MASK	3 E Network	Pair Corr
0.88	LZMH	LZ Technology Holdings	Pair Corr
0.85	HPAIW	Helport AI Limited	Pair Corr
0.84	NUAI	New Era Energy	Pair Corr

Related Correlations Analysis

	POGSX	WOGSX	BOGSX	BFOCX	JAGTX
POGSX		0.98	0.87	0.93	0.95	POGSX
WOGSX	0.98		0.93	0.92	0.96	WOGSX
BOGSX	0.87	0.93		0.9	0.94	BOGSX
BFOCX	0.93	0.92	0.9		0.98	BFOCX
JAGTX	0.95	0.96	0.94	0.98		JAGTX
	POGSX	WOGSX	BOGSX	BFOCX	JAGTX

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	0.52	0.06	0.04	0.17	0.47	(0.57)	1.23	(0.98)	3.70
WOGSX	0.58	0.05	0.05	0.16	0.51	(0.61)	1.48	(0.97)	3.55
BOGSX	0.75	0.01	0.01	0.11	0.70	(0.91)	2.11	(1.36)	4.01
BFOCX	1.19	0.24	0.13	0.35	1.41	(1.27)	2.72	(2.60)	7.89
JAGTX	0.66	0.10	0.09	0.23	0.63	(0.69)	1.60	(1.33)	4.27

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