Oakmark Global Correlations

OAYWX Fund

USD 23.55 0.15 0.63%

The current 90-days correlation between Oakmark Global Select and 1919 Financial Services is 0.43 (i.e., Very weak 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

Weak diversification

The correlation between Oakmark Global Select and DJI is 0.3 (i.e., Weak 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

0.82	OAYIX	Oakmark International	Pair Corr
0.82	OAZIX	Oakmark International	Pair Corr
1.0	OAZWX	Oakmark Global Select	Pair Corr
0.61	OAKBX	Oakmark Equity And	Pair Corr
0.97	OAKGX	Oakmark Global	Pair Corr
0.82	OAKIX	Oakmark International	Pair Corr
1.0	OAKWX	Oakmark Global Select	Pair Corr
0.82	OANIX	Oakmark International	Pair Corr
0.86	GMWAX	Gmo Global Asset	Pair Corr

Related Correlations Analysis

	SBFAX	SMAAX	BXSL	GCFSX	CHNTX
SBFAX		0.43	-0.53	0.45	0.57	SBFAX
SMAAX	0.43		-0.06	0.66	0.74	SMAAX
BXSL	-0.53	-0.06		0.23	0.07	BXSL
GCFSX	0.45	0.66	0.23		0.9	GCFSX
CHNTX	0.57	0.74	0.07	0.9		CHNTX
	SBFAX	SMAAX	BXSL	GCFSX	CHNTX

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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

CHNTX	+ 0.9	GCFSX
CHNTX	+ 0.74	SMAAX
GCFSX	+ 0.66	SMAAX
CHNTX	+ 0.57	SBFAX
GCFSX	+ 0.45	SBFAX
SMAAX	+ 0.43	SBFAX

High negative correlations

BXSL	- 0.53	SBFAX
BXSL	- 0.06	SMAAX

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
SBFAX	0.91	(0.07)	0.00	(0.06)	0.00	0.00	1.73	(1.85)	15.92
SMAAX	0.15	0.00	(0.26)	0.16	0.20	(0.18)	0.30	(0.30)	1.40
BXSL	0.72	0.07	0.01	0.34	0.75	(0.79)	1.43	(1.14)	4.08
GCFSX	0.60	0.10	0.01	10.43	0.69	(0.69)	1.50	(1.23)	6.27
CHNTX	0.51	0.04	(0.06)	0.61	0.66	(0.58)	1.07	(1.08)	5.66

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