Oakmark Global Select Fund Market Value
| OAZWX Fund | USD 22.77 0.09 0.39% |
| Symbol | Oakmark |
Oakmark Global '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 Global'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 Global.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Oakmark Global on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Oakmark Global Select or generate 0.0% return on investment in Oakmark Global over 480 days. Oakmark Global is related to or competes with Oakmark Equity, Oakmark International, Oakmark Select, and Oakmark International. The fund invests primarily in common stocks of U.S More
Oakmark Global 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 Global'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 Global Select upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.17 |
Oakmark Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oakmark Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oakmark Global's standard deviation. In reality, there are many statistical measures that can use Oakmark Global historical prices to predict the future Oakmark Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.1715 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oakmark Global's 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.
Oakmark Global Select Backtested Returns
Oakmark Global Select maintains Sharpe Ratio (i.e., Efficiency) of -0.0461, which implies the entity had a -0.0461% return per unit of risk over the last 3 months. Oakmark Global Select exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oakmark Global's Coefficient Of Variation of (3,546), variance of 0.5019, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The fund holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oakmark Global are expected to decrease at a much lower rate. During the bear market, Oakmark Global is likely to outperform the market.
Auto-correlation | 0.65 |
Good predictability
Oakmark Global Select has good predictability. Overlapping area represents the amount of predictability between Oakmark Global time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 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 Oakmark Global Select price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Oakmark Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Oakmark Global Select lagged returns against current returns
Autocorrelation, which is Oakmark Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Oakmark Global returns to help us make a trade decision. For example, suppose you find that Oakmark Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oakmark Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oakmark Global Lagged Returns
When evaluating Oakmark Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oakmark Global mutual fund have on its future price. Oakmark Global 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 Global autocorrelation shows the relationship between Oakmark Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oakmark Global Select.
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 Global 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 Global security.
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