Oakmark Select Correlations

Mutual Funds . USA . 
Fund . Oakmark Select
OAZLX Fund  USD 82.47  0.09  0.11%   
The current 90-days correlation between Oakmark Select and Oakmark International Fund is 0.55 (i.e., Very weak 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

Very poor diversification

The correlation between Oakmark Select and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Select 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. 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
  0.99OAYMX Oakmark Fund AdvisorPairCorr
  1.0OAYLX Oakmark SelectPairCorr
  0.97OAYWX Oakmark Global SelectPairCorr
  0.95OAZEX Oakmark InternationalPairCorr
  0.81OAZCX Oakmark BondPairCorr
  0.99OAZBX Oakmark Equity AndPairCorr
  0.96OAZIX Oakmark InternationalPairCorr
  0.99OAZGX Oakmark GlobalPairCorr
  0.81OAYCX Oakmark BondPairCorr
  0.99OAYBX Oakmark Equity AndPairCorr
  0.99OAYGX Oakmark GlobalPairCorr
  0.95OAYEX Oakmark InternationalPairCorr
  0.99OAZMX Oakmark Fund R6PairCorr
  0.97OAZWX Oakmark Global SelectPairCorr
  0.81OAKCX Harris AssociatesPairCorr
  0.99OAKBX Oakmark Equity AndPairCorr
  0.99OAKGX Oakmark GlobalPairCorr
  0.95OAKEX Oakmark InternationalPairCorr
  0.96OAKIX Oakmark InternationalPairCorr
  0.99OAKMX Oakmark Fund InvestorPairCorr
  1.0OAKLX Oakmark SelectPairCorr
  0.97OAKWX Oakmark Global SelectPairCorr
  0.97OANWX Oakmark Global SelectPairCorr
  0.95OANEX Oakmark InternationalPairCorr
  0.99OANBX Oakmark Equity AndPairCorr
  0.96OANIX Oakmark InternationalPairCorr
  0.99OANGX Oakmark GlobalPairCorr
  0.99OANMX Oakmark Fund InstituPairCorr
  1.0OANLX Oakmark SelectPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.98DOXGX Dodge Cox StockPairCorr
  0.96AFMFX American MutualPairCorr
  0.96FFMMX American Funds AmericanPairCorr
  0.96FFFMX American Funds AmericanPairCorr
  0.96AMRMX American MutualPairCorr
  0.96AMFFX American MutualPairCorr
  0.96AMFCX American MutualPairCorr
  0.98DODGX Dodge Stock FundPairCorr

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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OAYIX  0.64  0.17  0.13  0.54  0.31 
(0.73)
 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 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY