Correlation Between Oakmark Fund and Madison E
Can any of the company-specific risk be diversified away by investing in both Oakmark Fund and Madison E at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Oakmark Fund and Madison E into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Oakmark Fund Investor and Madison E Bond, you can compare the effects of market volatilities on Oakmark Fund and Madison E and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Oakmark Fund with a short position of Madison E. Check out your portfolio center. Please also check ongoing floating volatility patterns of Oakmark Fund and Madison E.
Diversification Opportunities for Oakmark Fund and Madison E
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Oakmark and Madison is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Fund Investor and Madison E Bond in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Madison E Bond and Oakmark Fund is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Oakmark Fund Investor are associated (or correlated) with Madison E. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Madison E Bond has no effect on the direction of Oakmark Fund i.e., Oakmark Fund and Madison E go up and down completely randomly.
Pair Corralation between Oakmark Fund and Madison E
If you would invest 10,383 in Oakmark Fund Investor on December 12, 2024 and sell it today you would earn a total of 4,671 from holding Oakmark Fund Investor or generate 44.99% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.2% |
| Values | Daily Returns |
Oakmark Fund Investor vs. Madison E Bond
Performance |
| Timeline |
| Oakmark Fund Investor |
| Madison E Bond |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Oakmark Fund and Madison E Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Oakmark Fund and Madison E
The main advantage of trading using opposite Oakmark Fund and Madison E positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Oakmark Fund position performs unexpectedly, Madison E can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Madison E will offset losses from the drop in Madison E's long position.| Oakmark Fund vs. Oakmark Select Fund | ||
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Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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