Natixis Oakmark Correlations

NEFOX Fund

USD 33.23 0.05 0.15%

The current 90-days correlation between Natixis Oakmark and Calamos Dynamic Convertible is 0.28 (i.e., Modest diversification). The correlation of Natixis Oakmark 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.

Natixis Oakmark Correlation With Market

Very poor diversification

The correlation between Natixis Oakmark Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natixis Oakmark Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natixis Oakmark Fund. 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 persons.

Moving together with Natixis Mutual Fund

1.0	NOANX	Natixis Oakmark	Pair Corr
0.94	GCPAX	Gateway Equity Call	Pair Corr
0.94	GCPCX	Gateway Equity Call	Pair Corr
0.94	GCPNX	Gateway Equity Call	Pair Corr
0.94	GCPYX	Gateway Equity Call	Pair Corr
0.71	LGMAX	Loomis Sayles Global	Pair Corr
0.69	LGMCX	Loomis Sayles Global	Pair Corr
0.71	LGMNX	Loomis Sayles Global	Pair Corr
0.94	LGRCX	Loomis Sayles Growth	Pair Corr
0.94	LGRNX	Loomis Sayles Growth	Pair Corr
0.94	LGRRX	Loomis Sayles Growth	Pair Corr
0.89	VNSYX	Vaughan Nelson Select	Pair Corr
0.88	VNSCX	Vaughan Nelson Select	Pair Corr
0.89	VNSAX	Vaughan Nelson Select	Pair Corr
0.89	VNSNX	Vaughan Nelson Select	Pair Corr
0.97	VNVCX	Vaughan Nelson Value	Pair Corr
0.97	VNVAX	Vaughan Nelson Value	Pair Corr
0.97	VNVNX	Vaughan Nelson Value	Pair Corr
0.97	VNVYX	Vaughan Nelson Value	Pair Corr
0.9	NSFLX	Natixis Sustainable	Pair Corr
0.9	NSFKX	Natixis Sustainable	Pair Corr
0.9	NSFJX	Natixis Sustainable	Pair Corr

Moving against Natixis Mutual Fund

0.8	LGBCX	Loomis Sayles Investment	Pair Corr
0.79	LGBNX	Loomis Sayles Investment	Pair Corr
0.7	LGANX	Loomis Sayles Limited	Pair Corr
0.61	NOICX	Natixis Oakmark Inte	Pair Corr
0.6	NOIAX	Natixis Oakmark Inte	Pair Corr
0.6	NOIYX	Natixis Oakmark Intl	Pair Corr
0.5	AMFAX	Asg Managed Futures	Pair Corr
0.49	AMFNX	Asg Managed Futures	Pair Corr
0.79	LIGAX	Loomis Sayles Investment	Pair Corr
0.79	LIGRX	Loomis Sayles Investment	Pair Corr
0.53	NRCFX	Aew Real Estate	Pair Corr
0.5	NRFAX	Aew Real Estate	Pair Corr
0.49	NRFNX	Aew Real Estate	Pair Corr
0.49	NRFYX	Aew Real Estate	Pair Corr

Related Correlations Analysis

	CCD	LCFYX	VAADX	CSFYX	GCV	PBXIX	GACCX
CCD		0.26	0.24	0.33	-0.49	0.41	0.65	CCD
LCFYX	0.26		0.99	0.98	0.16	0.97	0.36	LCFYX
VAADX	0.24	0.99		0.99	0.15	0.97	0.39	VAADX
CSFYX	0.33	0.98	0.99		0.05	0.99	0.48	CSFYX
GCV	-0.49	0.16	0.15	0.05		0.03	-0.6	GCV
PBXIX	0.41	0.97	0.97	0.99	0.03		0.51	PBXIX
GACCX	0.65	0.36	0.39	0.48	-0.6	0.51		GACCX
	CCD	LCFYX	VAADX	CSFYX	GCV	PBXIX	GACCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

VAADX	+ 0.99	LCFYX
CSFYX	+ 0.99	VAADX
PBXIX	+ 0.99	CSFYX
CSFYX	+ 0.98	LCFYX
PBXIX	+ 0.97	LCFYX
PBXIX	+ 0.97	VAADX

High negative correlations

GACCX	- 0.6	GCV
GCV	- 0.49	CCD

Risk-Adjusted Indicators

There is a big difference between Natixis Mutual Fund performing well and Natixis Oakmark 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 Natixis Oakmark'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
CCD	0.75	(0.01)	(0.08)	0.08	0.90	(0.82)	1.88	(1.68)	4.88
LCFYX	0.37	0.08	0.05	0.29	0.00	(0.45)	1.01	(0.69)	2.22
VAADX	0.44	0.09	0.08	0.28	0.21	(0.53)	1.09	(0.84)	2.28
CSFYX	0.37	0.06	0.01	0.24	0.21	(0.43)	0.87	(0.66)	1.77
GCV	0.89	0.07	(0.01)	0.37	1.24	(0.91)	1.87	(1.80)	7.45
PBXIX	0.31	0.04	(0.07)	0.21	0.00	(0.41)	0.87	(0.55)	1.94
GACCX	0.54	(0.05)	(0.15)	0.03	0.65	(0.53)	1.06	(1.08)	3.19

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

2024 Macroaxis LLC