Oakmark Equity Correlations

OAYBX Fund

USD 37.06 0.06 0.16%

The current 90-days correlation between Oakmark Equity And and Gabelli Gold Fund is -0.47 (i.e., Very good diversification). The correlation of Oakmark Equity 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 Equity Correlation With Market

Good diversification

The correlation between Oakmark Equity And and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Equity And 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 Equity And. 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 labor statistics.

Moving together with Oakmark Mutual Fund

0.97	OAYIX	Oakmark International	Pair Corr
0.97	OAYMX	Oakmark Fund Advisor	Pair Corr
0.96	OAYLX	Oakmark Select	Pair Corr
0.94	OAYWX	Oakmark Global Select	Pair Corr
0.97	OAZEX	Oakmark International	Pair Corr
0.84	OAZCX	Oakmark Bond	Pair Corr
0.97	OAZBX	Oakmark Equity And	Pair Corr
0.97	OAZIX	Oakmark International	Pair Corr
0.97	OAZGX	Oakmark Global	Pair Corr
0.84	OAYCX	Oakmark Bond	Pair Corr
0.97	OAYGX	Oakmark Global	Pair Corr
0.97	OAYEX	Oakmark International	Pair Corr
0.97	OAZMX	Oakmark Fund R6	Pair Corr
0.99	OAZLX	Oakmark Select	Pair Corr
0.94	OAZWX	Oakmark Global Select	Pair Corr
0.86	OAKCX	Harris Associates	Pair Corr
0.97	OAKBX	Oakmark Equity And	Pair Corr
0.97	OAKGX	Oakmark Global	Pair Corr
0.97	OAKEX	Oakmark International	Pair Corr
0.97	OAKIX	Oakmark International	Pair Corr
0.97	OAKMX	Oakmark Fund Investor	Pair Corr
0.99	OAKLX	Oakmark Select	Pair Corr
0.94	OAKWX	Oakmark Global Select	Pair Corr
0.94	OANWX	Oakmark Global Select	Pair Corr
0.97	OANEX	Oakmark International	Pair Corr
0.97	OANBX	Oakmark Equity And	Pair Corr
0.97	OANIX	Oakmark International	Pair Corr
0.99	OANGX	Oakmark Global	Pair Corr
0.97	OANMX	Oakmark Fund Institu	Pair Corr
0.96	OANLX	Oakmark Select	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.98	ABALX	American Balanced	Pair Corr
0.98	BALCX	American Balanced	Pair Corr
0.97	BALFX	American Balanced	Pair Corr
0.97	RLBCX	American Balanced	Pair Corr
0.97	RLBBX	American Balanced	Pair Corr
0.97	CLBAX	American Balanced	Pair Corr
0.97	CLBEX	American Balanced	Pair Corr

Moving against Oakmark Mutual Fund

0.96	USPSX	Profunds Ultrashort	Pair Corr
0.96	USPIX	Profunds Ultrashort	Pair Corr
0.96	UIPIX	Ultrashort Mid Cap	Pair Corr
0.78	TCTGX	Transamerica Cleartrack	Pair Corr
0.77	TDKTX	Cleartrack 2015 Class	Pair Corr
0.77	TCTJX	Transamerica Cleartrack	Pair Corr
0.73	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	GLDAX	GCEBX	MXKJX	UNWPX	GSYPX	UIPMX	EPGFX
GLDAX		0.58	0.33	0.87	0.32	0.86	0.93	GLDAX
GCEBX	0.58		0.91	0.8	0.91	0.47	0.77	GCEBX
MXKJX	0.33	0.91		0.59	0.99	0.24	0.54	MXKJX
UNWPX	0.87	0.8	0.59		0.61	0.74	0.97	UNWPX
GSYPX	0.32	0.91	0.99	0.61		0.21	0.55	GSYPX
UIPMX	0.86	0.47	0.24	0.74	0.21		0.78	UIPMX
EPGFX	0.93	0.77	0.54	0.97	0.55	0.78		EPGFX
	GLDAX	GCEBX	MXKJX	UNWPX	GSYPX	UIPMX	EPGFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Equity 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 Equity'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
GLDAX	1.53	0.08	(0.02)	(4.59)	2.35	(1.41)	3.11	(3.50)	12.29
GCEBX	0.68	0.23	0.08	(3.67)	0.60	(0.84)	1.84	(1.31)	4.42
MXKJX	0.73	0.23	0.08	(1.46)	0.66	(0.92)	1.88	(1.43)	5.35
UNWPX	1.21	0.20	0.04	(2.67)	1.18	(1.54)	2.72	(2.14)	7.43
GSYPX	0.87	0.27	0.10	(1.61)	0.81	(1.02)	2.43	(1.78)	5.86
UIPMX	1.54	0.16	(0.04)	(0.03)	2.24	(1.53)	3.04	(3.57)	11.90
EPGFX	1.35	0.15	0.01	2.27	1.92	(1.33)	2.35	(2.87)	10.25

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC