Oakmark Select Correlations

Mutual Funds . USA . 
Fund . Oakmark Select Fund
OAKLX Fund  USD 82.55  0.46  0.56%   
The current 90-days correlation between Oakmark Select and Oakmark Fund Investor is -0.11 (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

Good diversification

The correlation between Oakmark Select Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Select Fund 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 Fund. 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 bureau of economic analysis.

Moving together with Oakmark Mutual Fund

  0.96OAYIX Oakmark InternationalPairCorr
  0.97OAYMX Oakmark Fund AdvisorPairCorr
  0.97OAYLX Oakmark SelectPairCorr
  0.95OAYWX Oakmark Global SelectPairCorr
  0.95OAZEX Oakmark InternationalPairCorr
  0.79OAZCX Oakmark BondPairCorr
  0.97OAZBX Oakmark Equity AndPairCorr
  0.96OAZIX Oakmark InternationalPairCorr
  0.97OAZGX Oakmark GlobalPairCorr
  0.8OAYCX Oakmark BondPairCorr
  0.99OAYBX Oakmark Equity AndPairCorr
  0.97OAYGX Oakmark GlobalPairCorr
  0.95OAYEX Oakmark InternationalPairCorr
  0.97OAZMX Oakmark Fund R6PairCorr
  1.0OAZLX Oakmark SelectPairCorr
  0.95OAZWX Oakmark Global SelectPairCorr
  0.82OAKCX Harris AssociatesPairCorr
  0.97OAKBX Oakmark Equity AndPairCorr
  0.97OAKGX Oakmark GlobalPairCorr
  0.95OAKEX Oakmark InternationalPairCorr
  0.96OAKIX Oakmark InternationalPairCorr
  0.97OAKMX Oakmark Fund InvestorPairCorr
  0.95OAKWX Oakmark Global SelectPairCorr
  0.95OANWX Oakmark Global SelectPairCorr
  0.95OANEX Oakmark InternationalPairCorr
  0.97OANBX Oakmark Equity AndPairCorr
  0.96OANIX Oakmark InternationalPairCorr
  0.99OANGX Oakmark GlobalPairCorr
  0.97OANMX Oakmark Fund InstituPairCorr
  0.97OANLX Oakmark SelectPairCorr
  0.95VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.95AFMFX American MutualPairCorr
  0.95FFMMX American Funds AmericanPairCorr
  0.95FFFMX American Funds AmericanPairCorr
  0.96AMRMX American MutualPairCorr
  0.96AMFFX American MutualPairCorr
  0.96AMFCX American MutualPairCorr
  0.98DODGX Dodge Stock FundPairCorr

Related Correlations Analysis

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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.

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