Oakmark Global Correlations

OAYGX Fund

USD 33.56 0.20 0.59%

The current 90-days correlation between Oakmark Global and Oakmark Equity And is -0.11 (i.e., Good 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

Good diversification

The correlation between Oakmark Global Fund and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Global Fund 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 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 price.

Moving together with Oakmark Mutual Fund

0.72	OAYIX	Oakmark International	Pair Corr
0.98	OAYWX	Oakmark Global Select	Pair Corr
0.72	OAZIX	Oakmark International	Pair Corr
1.0	OAZGX	Oakmark Global	Pair Corr
0.98	OAZWX	Oakmark Global Select	Pair Corr
0.86	OAKGX	Oakmark Global	Pair Corr
0.85	OAKWX	Oakmark Global Select	Pair Corr
0.98	OANWX	Oakmark Global Select	Pair Corr
0.72	OANIX	Oakmark International	Pair Corr
1.0	OANGX	Oakmark Global	Pair Corr
0.94	DOXWX	Dodge Cox Global	Pair Corr
0.82	DODWX	Dodge Global Stock	Pair Corr
0.82	TRZRX	T Rowe Price	Pair Corr
0.78	TEDSX	Franklin Mutual Global	Pair Corr

Related Correlations Analysis

	OAKBX	OAKEX	OAKLX	OAKIX
OAKBX		-0.56	0.96	-0.44	OAKBX
OAKEX	-0.56		-0.72	0.95	OAKEX
OAKLX	0.96	-0.72		-0.61	OAKLX
OAKIX	-0.44	0.95	-0.61		OAKIX
	OAKBX	OAKEX	OAKLX	OAKIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OAKBX	0.38	0.00	(0.10)	0.12	0.32	(0.42)	0.74	(0.75)	2.84
OAKEX	0.62	(0.17)	0.00	(0.34)	0.00	0.00	1.26	(1.51)	4.46
OAKLX	0.66	0.05	0.08	0.17	0.49	(0.71)	1.50	(1.05)	5.73
OAKIX	0.78	(0.13)	0.00	(0.26)	0.00	0.00	1.61	(1.62)	6.00

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