Oakmark Bond Correlations

OANCX Fund

USD 8.80 0.02 0.23%

The current 90-days correlation between Oakmark Bond and Federated Emerging Market is 0.09 (i.e., Significant diversification). The correlation of Oakmark Bond 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 Bond Correlation With Market

Average diversification

The correlation between Oakmark Bond and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Bond 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 Bond. 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 main economic indicators.

Moving together with Oakmark Mutual Fund

0.69	OAZEX	Oakmark International	Pair Corr
0.99	OAZCX	Oakmark Bond	Pair Corr
0.91	OAYCX	Oakmark Bond	Pair Corr
0.68	OAYBX	Oakmark Equity And	Pair Corr
0.69	OAYEX	Oakmark International	Pair Corr
0.9	OAKCX	Harris Associates	Pair Corr
0.68	OAKBX	Oakmark Equity And	Pair Corr
0.69	OAKEX	Oakmark International	Pair Corr
0.69	OANEX	Oakmark International	Pair Corr
0.89	MWTNX	Metropolitan West Total	Pair Corr
0.88	MWTSX	Metropolitan West Total	Pair Corr
0.9	PTTPX	Pimco Total Return	Pair Corr
0.9	PTRRX	Total Return	Pair Corr
0.9	PTRAX	Total Return	Pair Corr
0.9	PTTRX	Total Return	Pair Corr
0.91	FIWGX	Strategic Advisers	Pair Corr
0.89	DODIX	Dodge Income	Pair Corr
0.88	MWTIX	Metropolitan West Total	Pair Corr
0.88	MWTRX	Metropolitan West Total	Pair Corr

Related Correlations Analysis

	IHIAX	ARTYX	LOTCX	FEMDX	EGLNX	RYDCX	CBHIX
IHIAX		0.86	0.15	0.86	0.35	0.62	-0.1	IHIAX
ARTYX	0.86		-0.01	0.62	0.17	0.72	-0.36	ARTYX
LOTCX	0.15	-0.01		0.34	0.37	-0.22	0.59	LOTCX
FEMDX	0.86	0.62	0.34		0.64	0.42	0.26	FEMDX
EGLNX	0.35	0.17	0.37	0.64		0.37	0.42	EGLNX
RYDCX	0.62	0.72	-0.22	0.42	0.37		-0.51	RYDCX
CBHIX	-0.1	-0.36	0.59	0.26	0.42	-0.51		CBHIX
	IHIAX	ARTYX	LOTCX	FEMDX	EGLNX	RYDCX	CBHIX

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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

ARTYX	+ 0.86	IHIAX
FEMDX	+ 0.86	IHIAX
RYDCX	+ 0.72	ARTYX
EGLNX	+ 0.64	FEMDX
RYDCX	+ 0.62	IHIAX
FEMDX	+ 0.62	ARTYX

High negative correlations

CBHIX	- 0.51	RYDCX
CBHIX	- 0.36	ARTYX
RYDCX	- 0.22	LOTCX
CBHIX	- 0.1	IHIAX
LOTCX	- 0.01	ARTYX

Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Bond 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 Bond'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
IHIAX	0.18	0.01	(0.17)	0.21	0.10	(0.25)	0.39	(0.39)	1.55
ARTYX	0.83	0.05	0.01	0.16	1.04	(0.81)	1.49	(1.59)	4.65
LOTCX	0.46	0.06	0.01	0.32	0.47	(0.54)	0.78	(0.87)	3.77
FEMDX	0.17	0.03	(0.16)	0.46	0.00	(0.22)	0.35	(0.26)	1.29
EGLNX	1.03	0.13	0.06	0.27	1.49	(1.03)	2.03	(2.55)	6.78
RYDCX	1.11	0.00	0.01	0.07	1.41	(1.22)	2.44	(1.67)	12.01
CBHIX	0.19	0.01	(0.23)	(1.60)	0.16	(0.24)	0.36	(0.36)	1.30

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