Oakmark Bond Correlations

Mutual Funds . USA . 
Fund . Oakmark Bond
OAZCX Fund  USD 8.90  0.01  0.11%   
The current 90-days correlation between Oakmark Bond and Oakmark International Fund is 0.01 (i.e., Significant diversification). The correlation of Oakmark Bond 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 Bond Correlation With Market

Weak diversification

The correlation between Oakmark Bond and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Bond 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 Bond. 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 main economic indicators.

Moving together with Oakmark Mutual Fund

  0.81OAYIX Oakmark InternationalPairCorr
  0.83OAYMX Oakmark Fund AdvisorPairCorr
  0.81OAYLX Oakmark SelectPairCorr
  0.75OAYWX Oakmark Global SelectPairCorr
  0.84OAZEX Oakmark InternationalPairCorr
  0.86OAZBX Oakmark Equity AndPairCorr
  0.82OAZIX Oakmark InternationalPairCorr
  0.81OAZGX Oakmark GlobalPairCorr
  1.0OAYCX Oakmark BondPairCorr
  0.81OAYGX Oakmark GlobalPairCorr
  0.84OAYEX Oakmark InternationalPairCorr
  0.83OAZMX Oakmark Fund R6PairCorr
  0.75OAZWX Oakmark Global SelectPairCorr
  0.96OAKCX Harris AssociatesPairCorr
  0.85OAKBX Oakmark Equity AndPairCorr
  0.81OAKGX Oakmark GlobalPairCorr
  0.84OAKEX Oakmark InternationalPairCorr
  0.82OAKIX Oakmark InternationalPairCorr
  0.83OAKMX Oakmark Fund InvestorPairCorr
  0.79OAKLX Oakmark SelectPairCorr
  0.75OAKWX Oakmark Global SelectPairCorr
  0.75OANWX Oakmark Global SelectPairCorr
  0.84OANEX Oakmark InternationalPairCorr
  0.86OANBX Oakmark Equity AndPairCorr
  0.82OANIX Oakmark InternationalPairCorr
  0.83OANMX Oakmark Fund InstituPairCorr
  0.81OANLX Oakmark SelectPairCorr
  0.92MWTNX Metropolitan West TotalPairCorr
  0.92MWTSX Metropolitan West TotalPairCorr
  0.95PTTPX Pimco Total ReturnPairCorr
  0.94PTRRX Total ReturnPairCorr
  0.94PTRAX Total ReturnPairCorr
  0.95PTTRX Total ReturnPairCorr
  0.96FIWGX Strategic AdvisersPairCorr
  0.93DODIX Dodge IncomePairCorr
  0.93MWTIX Metropolitan West TotalPairCorr
  0.87MWTRX Metropolitan West TotalPairCorr
  0.8GAAKX Gmo Alternative AlloPairCorr
  0.77GAAGX Gmo Alternative AlloPairCorr

Related Correlations Analysis

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 Bond 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 Bond'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OAYIX  0.65  0.25  0.14 (2.23) 0.31 
(0.74)
 1.47 
(0.97)
 3.20 
OAYMX  0.69  0.08  0.07  0.21  0.60 
(0.78)
 1.73 
(1.26)
 5.66 
OAYLX  0.73  0.05  0.04  0.18  0.72 
(0.80)
 1.80 
(1.22)
 5.97 
OAYWX  0.52  0.03 (0.03) 0.19  0.47 
(0.55)
 1.35 
(1.06)
 3.24 
OAZEX  0.58  0.26  0.25  1.05  0.00 
(0.72)
 1.51 
(0.77)
 3.41 
OAZCX  0.22  0.02 (0.32) 0.32  0.12 
(0.27)
 0.46 
(0.45)
 1.15 
OAZBX  0.45  0.03 (0.03) 0.18  0.47 
(0.48)
 1.05 
(0.93)
 3.82 
OAZIX  0.64  0.17  0.13  0.54  0.30 
(0.75)
 1.44 
(0.94)
 3.16 
OAZGX  0.62  0.08  0.06  0.25  0.47 
(0.67)
 1.80 
(1.23)
 4.16 
OAYCX  0.23  0.02 (0.32) 0.35  0.13 
(0.28)
 0.46 
(0.34)
 1.15 

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