Oakmark Global Select Fund Market Value

OAKWX Fund  USD 21.16  0.04  0.19%   
Oakmark Global's market value is the price at which a share of Oakmark Global trades on a public exchange. It measures the collective expectations of Oakmark Global Select investors about its performance. Oakmark Global is trading at 21.16 as of the 23rd of April 2024; that is 0.19 percent up since the beginning of the trading day. The fund's open price was 21.12.
With this module, you can estimate the performance of a buy and hold strategy of Oakmark Global Select and determine expected loss or profit from investing in Oakmark Global over a given investment horizon. Check out Oakmark Global Correlation, Oakmark Global Volatility and Oakmark Global Alpha and Beta module to complement your research on Oakmark Global.
Symbol

Please note, there is a significant difference between Oakmark Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oakmark Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oakmark Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Oakmark Global 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Oakmark Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Oakmark Global.
0.00
07/28/2023
No Change 0.00  0.0 
In 8 months and 27 days
04/23/2024
0.00
If you would invest  0.00  in Oakmark Global on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Oakmark Global Select or generate 0.0% return on investment in Oakmark Global over 270 days. Oakmark Global is related to or competes with Oakmark International, Oakmark Fund, Oakmark Select, Oakmark International, Oakmark Bond, Oakmark International, and Oakmark International. The fund invests primarily in common stocks of U.S More

Oakmark Global Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Oakmark Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Oakmark Global Select upside and downside potential and time the market with a certain degree of confidence.

Oakmark Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oakmark Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oakmark Global's standard deviation. In reality, there are many statistical measures that can use Oakmark Global historical prices to predict the future Oakmark Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oakmark Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
20.4621.1621.86
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Intrinsic
Valuation
LowRealHigh
20.5121.2121.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Oakmark Global. Your research has to be compared to or analyzed against Oakmark Global's peers to derive any actionable benefits. When done correctly, Oakmark Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Oakmark Global Select.

Oakmark Global Select Backtested Returns

We consider Oakmark Global very steady. Oakmark Global Select maintains Sharpe Ratio (i.e., Efficiency) of 0.0121, which implies the entity had a 0.0121% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Oakmark Global Select, which you can use to evaluate the volatility of the fund. Please check Oakmark Global's Risk Adjusted Performance of 0.0447, semi deviation of 0.804, and Coefficient Of Variation of 1409.65 to confirm if the risk estimate we provide is consistent with the expected return of 0.0086%. The fund holds a Beta of 0.92, which implies possible diversification benefits within a given portfolio. Oakmark Global returns are very sensitive to returns on the market. As the market goes up or down, Oakmark Global is expected to follow.

Auto-correlation

    
  -0.48  

Modest reverse predictability

Oakmark Global Select has modest reverse predictability. Overlapping area represents the amount of predictability between Oakmark Global time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oakmark Global Select price movement. The serial correlation of -0.48 indicates that about 48.0% of current Oakmark Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.48
Spearman Rank Test-0.37
Residual Average0.0
Price Variance0.12

Oakmark Global Select lagged returns against current returns

Autocorrelation, which is Oakmark Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Oakmark Global's mutual fund expected returns. We can calculate the autocorrelation of Oakmark Global returns to help us make a trade decision. For example, suppose you find that Oakmark Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Oakmark Global regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Oakmark Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oakmark Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oakmark Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Oakmark Global Lagged Returns

When evaluating Oakmark Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oakmark Global mutual fund have on its future price. Oakmark Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Oakmark Global autocorrelation shows the relationship between Oakmark Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oakmark Global Select.
   Regressed Prices   
       Timeline  

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Check out Oakmark Global Correlation, Oakmark Global Volatility and Oakmark Global Alpha and Beta module to complement your research on Oakmark Global.
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Oakmark Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Oakmark Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Oakmark Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...