Harris Associates Investment Fund Market Value
| OAKCX Fund | USD 8.86 0.01 0.11% |
| Symbol | Harris |
Harris Associates 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Harris Associates' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Harris Associates.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Harris Associates on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Harris Associates Investment or generate 0.0% return on investment in Harris Associates over 570 days. Harris Associates is related to or competes with Oakmark Fund, Oakmark Select, Oakmark Global, Oakmark International, Oakmark Equity, Oakmark Global, and Oakmark Equity. The fund invests primarily in a diversified portfolio of bonds and other fixed-income securities More
Harris Associates Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Harris Associates' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Harris Associates Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.36 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4464 |
Harris Associates Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harris Associates' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harris Associates' standard deviation. In reality, there are many statistical measures that can use Harris Associates historical prices to predict the future Harris Associates' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4808 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harris Associates' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Harris Associates Backtested Returns
Harris Associates holds Efficiency (Sharpe) Ratio of -0.0876, which attests that the entity had a -0.0876% return per unit of risk over the last 3 months. Harris Associates exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harris Associates' Risk Adjusted Performance of (0.07), standard deviation of 0.2756, and Market Risk Adjusted Performance of 0.4908 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0589, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harris Associates are expected to decrease at a much lower rate. During the bear market, Harris Associates is likely to outperform the market.
Auto-correlation | 0.30 |
Below average predictability
Harris Associates Investment has below average predictability. Overlapping area represents the amount of predictability between Harris Associates time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Harris Associates price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Harris Associates price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Harris Associates lagged returns against current returns
Autocorrelation, which is Harris Associates mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Harris Associates' mutual fund expected returns. We can calculate the autocorrelation of Harris Associates returns to help us make a trade decision. For example, suppose you find that Harris Associates has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Harris Associates regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Harris Associates mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harris Associates mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harris Associates mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harris Associates Lagged Returns
When evaluating Harris Associates' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harris Associates mutual fund have on its future price. Harris Associates autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Harris Associates autocorrelation shows the relationship between Harris Associates mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harris Associates Investment.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Harris Mutual Fund
Harris Associates financial ratios help investors to determine whether Harris Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Harris with respect to the benefits of owning Harris Associates security.
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