Oakmark Select Correlations

OAZLX Fund

USD 87.74 0.39 0.44%

The current 90-days correlation between Oakmark Select and Oakmark Bond is -0.1 (i.e., Good diversification). The correlation of Oakmark Select 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.

Oakmark Select Correlation With Market

Modest diversification

The correlation between Oakmark Select and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Select 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 Oakmark Select. 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 board of governors.

Moving together with Oakmark Mutual Fund

1.0	OAYLX	Oakmark Select	Pair Corr
0.72	OAZBX	Oakmark Equity And	Pair Corr
0.72	OAYBX	Oakmark Equity And	Pair Corr
0.73	OAKBX	Oakmark Equity And	Pair Corr
1.0	OAKLX	Oakmark Select	Pair Corr
0.72	OANBX	Oakmark Equity And	Pair Corr
1.0	OANLX	Oakmark Select	Pair Corr

Moving against Oakmark Mutual Fund

0.49	OAKCX	Harris Associates	Pair Corr
0.46	OAZCX	Oakmark Bond	Pair Corr
0.46	OAYCX	Oakmark Bond	Pair Corr
0.56	AMRMX	American Mutual	Pair Corr
0.53	VBTLX	Vanguard Total Bond	Pair Corr
0.49	VTIAX	Vanguard Total Inter	Pair Corr
0.45	OANCX	Oakmark Bond	Pair Corr

Related Correlations Analysis

	OAYIX	OAYWX	OAZEX	OAZCX	OAZBX	OAZIX	OAZGX	OAYCX
OAYIX		0.81	0.98	0.76	0.74	1.0	0.95	0.75	OAYIX
OAYWX	0.81		0.76	0.3	0.88	0.81	0.93	0.3	OAYWX
OAZEX	0.98	0.76		0.75	0.71	0.98	0.92	0.74	OAZEX
OAZCX	0.76	0.3	0.75		0.24	0.76	0.57	0.99	OAZCX
OAZBX	0.74	0.88	0.71	0.24		0.74	0.89	0.24	OAZBX
OAZIX	1.0	0.81	0.98	0.76	0.74		0.95	0.75	OAZIX
OAZGX	0.95	0.93	0.92	0.57	0.89	0.95		0.56	OAZGX
OAYCX	0.75	0.3	0.74	0.99	0.24	0.75	0.56		OAYCX
	OAYIX	OAYWX	OAZEX	OAZCX	OAZBX	OAZIX	OAZGX	OAYCX

Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Select 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 Oakmark Select'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
OAYIX	0.47	0.13	0.14	0.34	0.31	(0.55)	1.20	(0.84)	3.34
OAYWX	0.52	0.03	0.00	0.13	0.58	(0.54)	1.40	(1.16)	3.88
OAZEX	0.54	0.12	0.10	0.33	0.46	(0.60)	1.35	(0.90)	3.43
OAZCX	0.13	0.02	(0.32)	0.88	0.00	(0.18)	0.22	(0.22)	0.66
OAZBX	0.43	0.02	(0.01)	0.12	0.40	(0.46)	0.95	(0.86)	2.70
OAZIX	0.47	0.13	0.14	0.34	0.31	(0.54)	1.20	(0.84)	3.34
OAZGX	0.54	0.10	0.11	0.22	0.48	(0.59)	1.35	(1.02)	3.77
OAYCX	0.15	0.02	(0.30)	3.14	0.00	(0.21)	0.33	(0.22)	0.67

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