Oakmark Global Correlations

OAZGX Fund

USD 36.48 0.39 1.06%

The current 90-days correlation between Oakmark Global and Davis Government Bond is -0.03 (i.e., Good diversification). The correlation of Oakmark Global 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 Global Correlation With Market

Almost no diversification

The correlation between Oakmark Global and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Global 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 Global. 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 price.

Moving together with Oakmark Mutual Fund

0.99	OAYIX	Oakmark International	Pair Corr
0.99	OAYMX	Oakmark Fund Advisor	Pair Corr
0.99	OAYLX	Oakmark Select	Pair Corr
0.99	OAYWX	Oakmark Global Select	Pair Corr
0.99	OAZEX	Oakmark International	Pair Corr
0.81	OAZCX	Oakmark Bond	Pair Corr
0.99	OAZBX	Oakmark Equity And	Pair Corr
0.99	OAZIX	Oakmark International	Pair Corr
0.82	OAYCX	Oakmark Bond	Pair Corr
0.99	OAYBX	Oakmark Equity And	Pair Corr
1.0	OAYGX	Oakmark Global	Pair Corr
0.99	OAYEX	Oakmark International	Pair Corr
0.99	OAZMX	Oakmark Fund R6	Pair Corr
0.99	OAZLX	Oakmark Select	Pair Corr
0.99	OAZWX	Oakmark Global Select	Pair Corr
0.82	OAKCX	Harris Associates	Pair Corr
0.99	OAKBX	Oakmark Equity And	Pair Corr
1.0	OAKGX	Oakmark Global	Pair Corr
0.99	OAKEX	Oakmark International	Pair Corr
0.99	OAKIX	Oakmark International	Pair Corr
0.99	OAKMX	Oakmark Fund Investor	Pair Corr
0.99	OAKLX	Oakmark Select	Pair Corr
0.99	OAKWX	Oakmark Global Select	Pair Corr
0.99	OANWX	Oakmark Global Select	Pair Corr
0.99	OANEX	Oakmark International	Pair Corr
0.99	OANBX	Oakmark Equity And	Pair Corr
0.99	OANIX	Oakmark International	Pair Corr
1.0	OANGX	Oakmark Global	Pair Corr
0.99	OANMX	Oakmark Fund Institu	Pair Corr
0.99	OANLX	Oakmark Select	Pair Corr
1.0	TEDRX	Franklin Mutual Global	Pair Corr
1.0	FMDRX	Franklin Mutual Global	Pair Corr
0.99	DOXWX	Dodge Cox Global	Pair Corr
0.99	DODWX	Dodge Global Stock	Pair Corr
0.95	TRZRX	T Rowe Price	Pair Corr
1.0	TEDIX	Franklin Mutual Global	Pair Corr
1.0	MDISX	Franklin Mutual Global	Pair Corr
1.0	TEDSX	Franklin Mutual Global	Pair Corr
0.95	PRAFX	T Rowe Price	Pair Corr

Moving against Oakmark Mutual Fund

0.99	UIPIX	Ultrashort Mid Cap	Pair Corr
0.98	USPSX	Profunds Ultrashort	Pair Corr
0.98	USPIX	Profunds Ultrashort	Pair Corr
0.85	TCTGX	Transamerica Cleartrack	Pair Corr
0.85	TCTJX	Transamerica Cleartrack	Pair Corr
0.84	TDKTX	Cleartrack 2015 Class	Pair Corr
0.8	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	RFBAX	IVMXX	SSAGX	FICMX	DNCGX	TWACX	SIGVX	DVPXX
RFBAX		0.7	0.9	0.82	0.91	0.88	0.91	0.67	RFBAX
IVMXX	0.7		0.72	0.3	0.54	0.42	0.77	0.88	IVMXX
SSAGX	0.9	0.72		0.67	0.85	0.75	0.97	0.63	SSAGX
FICMX	0.82	0.3	0.67		0.9	0.91	0.63	0.38	FICMX
DNCGX	0.91	0.54	0.85	0.9		0.89	0.83	0.61	DNCGX
TWACX	0.88	0.42	0.75	0.91	0.89		0.74	0.46	TWACX
SIGVX	0.91	0.77	0.97	0.63	0.83	0.74		0.69	SIGVX
DVPXX	0.67	0.88	0.63	0.38	0.61	0.46	0.69		DVPXX
	RFBAX	IVMXX	SSAGX	FICMX	DNCGX	TWACX	SIGVX	DVPXX

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Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Global 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 Global'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
RFBAX	0.08	0.00	(1.18)	1.60	0.05	(0.23)	0.20	(0.20)	0.59
IVMXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
SSAGX	0.06	0.00	(2.18)	0.00	0.00	(0.18)	0.10	(0.10)	0.61
FICMX	0.33	(0.02)	(0.51)	(0.08)	0.38	(0.36)	0.68	(0.68)	1.60
DNCGX	0.22	0.00	(0.72)	(0.11)	0.26	(0.25)	0.41	(0.48)	1.39
TWACX	0.09	0.00	(1.42)	0.23	0.09	(0.16)	0.22	(0.22)	0.56
SIGVX	0.05	0.00	(2.18)	(0.09)	0.00	(0.18)	0.10	(0.10)	0.61
DVPXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01

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