Oakmark Select Fund Market Value
| OAKLX Fund | USD 84.12 0.90 1.08% |
| Symbol | OAKMARK |
Oakmark Select '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 Oakmark Select's 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 Oakmark Select.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Oakmark Select on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Oakmark Select Fund or generate 0.0% return on investment in Oakmark Select over 360 days. Oakmark Select is related to or competes with Oakmark Fund, Oakmark International, Oakmark Global, Oakmark Equity, and Oakmark International. The fund invests primarily in common stocks of U.S More
Oakmark Select 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 Oakmark Select's 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 Oakmark Select Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.798 | |||
| Information Ratio | 0.0642 | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.5 |
Oakmark Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oakmark Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oakmark Select's standard deviation. In reality, there are many statistical measures that can use Oakmark Select historical prices to predict the future Oakmark Select's volatility.| Risk Adjusted Performance | 0.1563 | |||
| Jensen Alpha | 0.0527 | |||
| Total Risk Alpha | 0.0318 | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | 0.17 |
Oakmark Select Backtested Returns
At this stage we consider OAKMARK Mutual Fund to be very steady. Oakmark Select maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Oakmark Select, which you can use to evaluate the volatility of the fund. Please check Oakmark Select's Risk Adjusted Performance of 0.1563, coefficient of variation of 496.76, and Semi Deviation of 0.4912 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The fund holds a Beta of 1.07, which implies a somewhat significant risk relative to the market. Oakmark Select returns are very sensitive to returns on the market. As the market goes up or down, Oakmark Select is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Oakmark Select Fund has good predictability. Overlapping area represents the amount of predictability between Oakmark Select time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Oakmark Select price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Oakmark Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 13.31 |
Oakmark Select lagged returns against current returns
Autocorrelation, which is Oakmark Select 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 Oakmark Select's mutual fund expected returns. We can calculate the autocorrelation of Oakmark Select returns to help us make a trade decision. For example, suppose you find that Oakmark Select 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 |
Oakmark Select 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 Oakmark Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oakmark Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oakmark Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oakmark Select Lagged Returns
When evaluating Oakmark Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oakmark Select mutual fund have on its future price. Oakmark Select 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, Oakmark Select autocorrelation shows the relationship between Oakmark Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oakmark Select Fund.
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 OAKMARK Mutual Fund
Oakmark Select financial ratios help investors to determine whether OAKMARK 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 OAKMARK with respect to the benefits of owning Oakmark Select security.
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