Oakmark Fund Correlations

OAYMX Fund

USD 162.26 0.35 0.22%

The current 90-days correlation between Oakmark Fund Advisor and Davis Financial Fund is 0.91 (i.e., Almost no diversification). The correlation of Oakmark Fund 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 Fund Correlation With Market

Very poor diversification

The correlation between Oakmark Fund Advisor and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Fund Advisor 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 Fund Advisor. 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 population.

Moving together with Oakmark Mutual Fund

0.97	OAYIX	Oakmark International	Pair Corr
0.99	OAYLX	Oakmark Select	Pair Corr
0.95	OAYWX	Oakmark Global Select	Pair Corr
0.97	OAZEX	Oakmark International	Pair Corr
0.83	OAZCX	Oakmark Bond	Pair Corr
1.0	OAZBX	Oakmark Equity And	Pair Corr
0.97	OAZIX	Oakmark International	Pair Corr
0.99	OAZGX	Oakmark Global	Pair Corr
0.83	OAYCX	Oakmark Bond	Pair Corr
1.0	OAYBX	Oakmark Equity And	Pair Corr
0.99	OAYGX	Oakmark Global	Pair Corr
0.97	OAYEX	Oakmark International	Pair Corr
1.0	OAZMX	Oakmark Fund R6	Pair Corr
0.99	OAZLX	Oakmark Select	Pair Corr
0.95	OAZWX	Oakmark Global Select	Pair Corr
0.83	OAKCX	Harris Associates	Pair Corr
1.0	OAKBX	Oakmark Equity And	Pair Corr
0.99	OAKGX	Oakmark Global	Pair Corr
0.97	OAKEX	Oakmark International	Pair Corr
0.97	OAKIX	Oakmark International	Pair Corr
1.0	OAKMX	Oakmark Fund Investor	Pair Corr
0.99	OAKLX	Oakmark Select	Pair Corr
0.95	OAKWX	Oakmark Global Select	Pair Corr
0.95	OANWX	Oakmark Global Select	Pair Corr
0.97	OANEX	Oakmark International	Pair Corr
1.0	OANBX	Oakmark Equity And	Pair Corr
0.97	OANIX	Oakmark International	Pair Corr
0.99	OANGX	Oakmark Global	Pair Corr
1.0	OANMX	Oakmark Fund Institu	Pair Corr
0.99	OANLX	Oakmark Select	Pair Corr
0.98	VVIAX	Vanguard Value Index	Pair Corr
0.99	DOXGX	Dodge Cox Stock	Pair Corr
0.97	AFMFX	American Mutual	Pair Corr
0.97	FFMMX	American Funds American	Pair Corr
0.97	FFFMX	American Funds American	Pair Corr
0.98	AMRMX	American Mutual	Pair Corr
0.97	AMFFX	American Mutual	Pair Corr
0.98	AMFCX	American Mutual	Pair Corr
0.99	DODGX	Dodge Stock Fund	Pair Corr

Related Correlations Analysis

	DVFYX	VFAIX	FTIXX	RMBLX	MCBXX	GCFSX	XFINX
DVFYX		0.99	0.71	0.91	0.76	0.99	-0.48	DVFYX
VFAIX	0.99		0.71	0.92	0.77	0.98	-0.45	VFAIX
FTIXX	0.71	0.71		0.64	0.83	0.69	-0.19	FTIXX
RMBLX	0.91	0.92	0.64		0.67	0.9	-0.16	RMBLX
MCBXX	0.76	0.77	0.83	0.67		0.74	-0.31	MCBXX
GCFSX	0.99	0.98	0.69	0.9	0.74		-0.52	GCFSX
XFINX	-0.48	-0.45	-0.19	-0.16	-0.31	-0.52		XFINX
	DVFYX	VFAIX	FTIXX	RMBLX	MCBXX	GCFSX	XFINX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VFAIX	+ 0.99	DVFYX
GCFSX	+ 0.99	DVFYX
GCFSX	+ 0.98	VFAIX
RMBLX	+ 0.92	VFAIX
RMBLX	+ 0.91	DVFYX
GCFSX	+ 0.9	RMBLX

High negative correlations

XFINX	- 0.52	GCFSX
XFINX	- 0.48	DVFYX
XFINX	- 0.45	VFAIX
XFINX	- 0.31	MCBXX
XFINX	- 0.19	FTIXX
XFINX	- 0.16	RMBLX

Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Fund 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 Fund'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
DVFYX	0.72	0.15	0.15	0.30	0.57	(0.82)	1.80	(1.32)	5.14
VFAIX	0.75	0.07	0.07	0.20	0.74	(0.79)	1.92	(1.77)	5.62
FTIXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
RMBLX	1.12	0.15	0.11	0.28	1.01	(1.23)	2.53	(2.45)	5.97
MCBXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
GCFSX	0.65	0.19	0.17	0.41	0.35	(0.78)	1.94	(1.19)	3.94
XFINX	0.41	(0.03)	0.00	2.26	0.00	0.00	0.77	(1.41)	4.64

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