Oakmark Fund Correlations

Mutual Funds . USA . 
Fund . Oakmark Fund R6
OAZMX Fund  USD 162.71  0.29  0.18%   
The current 90-days correlation between Oakmark Fund R6 and Oakmark International Fund is -0.2 (i.e., Good 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 R6 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 R6 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 R6. 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

  0.95OAYIX Oakmark InternationalPairCorr
  1.0OAYMX Oakmark Fund AdvisorPairCorr
  0.99OAYLX Oakmark SelectPairCorr
  0.95OAYWX Oakmark Global SelectPairCorr
  0.97OAZEX Oakmark InternationalPairCorr
  0.83OAZCX Oakmark BondPairCorr
  1.0OAZBX Oakmark Equity AndPairCorr
  0.97OAZIX Oakmark InternationalPairCorr
  0.99OAZGX Oakmark GlobalPairCorr
  0.83OAYCX Oakmark BondPairCorr
  1.0OAYBX Oakmark Equity AndPairCorr
  0.99OAYGX Oakmark GlobalPairCorr
  0.97OAYEX Oakmark InternationalPairCorr
  0.99OAZLX Oakmark SelectPairCorr
  0.95OAZWX Oakmark Global SelectPairCorr
  0.84OAKCX Harris AssociatesPairCorr
  1.0OAKBX Oakmark Equity AndPairCorr
  0.99OAKGX Oakmark GlobalPairCorr
  0.97OAKEX Oakmark InternationalPairCorr
  0.97OAKIX Oakmark InternationalPairCorr
  1.0OAKMX Oakmark Fund InvestorPairCorr
  0.97OAKLX Oakmark SelectPairCorr
  0.95OAKWX Oakmark Global SelectPairCorr
  0.95OANWX Oakmark Global SelectPairCorr
  0.97OANEX Oakmark InternationalPairCorr
  1.0OANBX Oakmark Equity AndPairCorr
  0.97OANIX Oakmark InternationalPairCorr
  0.99OANGX Oakmark GlobalPairCorr
  1.0OANMX Oakmark Fund InstituPairCorr
  0.99OANLX Oakmark SelectPairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.95AMFCX American MutualPairCorr
  0.96DODGX 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 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 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 

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