Oakmark Global Correlations

Mutual Funds . USA . 
Fund . Oakmark Global Select
OAKWX Fund  USD 22.85  0.10  0.44%   
The current 90-days correlation between Oakmark Global Select and Oakmark Equity And is 0.82 (i.e., Very poor 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

Poor diversification

The correlation between Oakmark Global Select and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Global 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 Global 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 housing.

Moving together with Oakmark Mutual Fund

  0.68OAYIX Oakmark InternationalPairCorr
  0.85OAYWX Oakmark Global SelectPairCorr
  0.68OAZIX Oakmark InternationalPairCorr
  0.85OAZGX Oakmark GlobalPairCorr
  0.85OAYGX Oakmark GlobalPairCorr
  0.85OAZWX Oakmark Global SelectPairCorr
  0.98OAKGX Oakmark GlobalPairCorr
  0.71OAKIX Oakmark InternationalPairCorr
  0.85OANWX Oakmark Global SelectPairCorr
  0.68OANIX Oakmark InternationalPairCorr
  0.85OANGX Oakmark GlobalPairCorr
  0.82TEDRX Franklin Mutual GlobalPairCorr
  0.83FMDRX Franklin Mutual GlobalPairCorr
  0.78DOXWX Dodge Cox GlobalPairCorr
  0.91DODWX Dodge Global StockPairCorr
  0.73TRZRX T Rowe PricePairCorr
  0.83TEDIX Franklin Mutual GlobalPairCorr
  0.83MDISX Franklin Mutual GlobalPairCorr
  0.69TEDSX Franklin Mutual GlobalPairCorr

Related Correlations Analysis

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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   
OAKLX
+ 0.96
OAKBX
OAKIX
+ 0.95
OAKEX
  
High negative correlations   
OAKLX
- 0.72
OAKEX
OAKIX
- 0.61
OAKLX
OAKEX
- 0.56
OAKBX
OAKIX
- 0.44
OAKBX

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.

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