Oaktree Emerging Correlations

OEQIX Fund

USD 7.38 0.01 0.14%

The current 90-days correlation between Oaktree Emerging Markets and Aig Government Money is -0.11 (i.e., Good diversification). The correlation of Oaktree Emerging 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.

Oaktree Emerging Correlation With Market

Average diversification

The correlation between Oaktree Emerging Markets and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oaktree Emerging Markets 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 Oaktree Emerging Markets. 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 gross domestic product.

Moving together with Oaktree Mutual Fund

0.83	VEMAX	Vanguard Emerging Markets	Pair Corr
0.68	VEIEX	Vanguard Emerging Markets	Pair Corr
0.83	VEMIX	Vanguard Emerging Markets	Pair Corr
0.83	VEMRX	Vanguard Emerging Markets	Pair Corr
0.84	FWWNX	American Funds New	Pair Corr
0.71	FNFWX	American Funds New	Pair Corr
0.71	NEWFX	New World Fund	Pair Corr
0.84	NWFFX	New World Fund	Pair Corr
0.84	NEWCX	New World Fund	Pair Corr
0.91	ODVYX	Oppenheimer Developing	Pair Corr
0.63	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against Oaktree Mutual Fund

0.6	BA	Boeing Earnings Call This Week	Pair Corr
0.58	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.54	AXP	American Express Earnings Call Tomorrow	Pair Corr
0.49	DIS	Walt Disney	Pair Corr
0.43	IBM	International Business Earnings Call This Week	Pair Corr
0.4	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	SMAAX	DVPXX	PYUSX	LCCXX	DPIGX	SNGYX	RFBAX
SMAAX		-0.04	0.66	0.0	0.44	0.86	0.31	SMAAX
DVPXX	-0.04		-0.02	0.0	0.35	-0.23	0.32	DVPXX
PYUSX	0.66	-0.02		0.0	0.75	0.7	0.7	PYUSX
LCCXX	0.0	0.0	0.0		0.0	0.0	0.0	LCCXX
DPIGX	0.44	0.35	0.75	0.0		0.28	0.89	DPIGX
SNGYX	0.86	-0.23	0.7	0.0	0.28		0.18	SNGYX
RFBAX	0.31	0.32	0.7	0.0	0.89	0.18		RFBAX
	SMAAX	DVPXX	PYUSX	LCCXX	DPIGX	SNGYX	RFBAX

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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

RFBAX	+ 0.89	DPIGX
SNGYX	+ 0.86	SMAAX
DPIGX	+ 0.75	PYUSX
SNGYX	+ 0.7	PYUSX
RFBAX	+ 0.7	PYUSX
PYUSX	+ 0.66	SMAAX

High negative correlations

SNGYX	- 0.23	DVPXX
DVPXX	- 0.04	SMAAX
PYUSX	- 0.02	DVPXX
RFBAX	- 0.0	LCCXX
SNGYX	- 0.0	LCCXX
DPIGX	- 0.0	LCCXX

Risk-Adjusted Indicators

There is a big difference between Oaktree Mutual Fund performing well and Oaktree Emerging 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 Oaktree Emerging'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMAAX	0.16	(0.03)	0.00	(0.71)	0.00	0.20	(0.39)	1.40
DVPXX	0.03	0.01	0.00	(0.96)	0.00	0.00	0.00	1.01
PYUSX	0.11	(0.01)	0.00	(0.53)	0.00	0.32	(0.21)	0.75
LCCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPIGX	0.05	0.00	(0.23)	0.51	(0.15)	0.21	(0.11)	0.42
SNGYX	0.17	(0.02)	0.00	(0.59)	0.00	0.40	(0.30)	1.18
RFBAX	0.08	0.00	(0.13)	0.00	(0.23)	0.20	(0.20)	0.79

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