Oakmark Equity Correlations

OANBX Fund

USD 37.50 0.06 0.16%

The current 90-days correlation between Oakmark Equity And and Pnc Emerging Markets is 0.46 (i.e., Very weak diversification). The correlation of Oakmark Equity 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.

Oakmark Equity Correlation With Market

Very poor diversification

The correlation between Oakmark Equity And and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Equity And 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 Oakmark Equity And. 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 bureau of labor statistics.

Moving together with Oakmark Mutual Fund

0.98	OAYMX	Oakmark Fund Advisor	Pair Corr
0.97	OAYLX	Oakmark Select	Pair Corr
1.0	OAZBX	Oakmark Equity And	Pair Corr
1.0	OAYBX	Oakmark Equity And	Pair Corr
0.98	OAZMX	Oakmark Fund R6	Pair Corr
1.0	OAKBX	Oakmark Equity And	Pair Corr
0.98	OAKMX	Oakmark Fund Investor	Pair Corr
0.97	OAKLX	Oakmark Select	Pair Corr
0.98	OANMX	Oakmark Fund Institu	Pair Corr
0.97	OANLX	Oakmark Select	Pair Corr
0.83	FBONX	American Funds American	Pair Corr
0.83	FBAFX	American Funds American	Pair Corr
0.83	ABALX	American Balanced	Pair Corr
0.82	BALCX	American Balanced	Pair Corr
0.83	BALFX	American Balanced	Pair Corr
0.82	RLBCX	American Balanced	Pair Corr
0.81	RLBBX	American Balanced	Pair Corr
0.83	CLBAX	American Balanced	Pair Corr
0.82	CLBEX	American Balanced	Pair Corr
0.83	RLBFX	American Balanced	Pair Corr
0.94	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr

Moving against Oakmark Mutual Fund

0.66	OAYCX	Oakmark Bond	Pair Corr
0.66	OAKCX	Harris Associates	Pair Corr
0.65	OAZCX	Oakmark Bond	Pair Corr
0.63	OAZEX	Oakmark International	Pair Corr
0.63	OAYEX	Oakmark International	Pair Corr
0.63	OAKEX	Oakmark International	Pair Corr
0.52	OAYIX	Oakmark International	Pair Corr
0.52	OAZIX	Oakmark International	Pair Corr
0.66	OANCX	Oakmark Bond	Pair Corr
0.63	OANEX	Oakmark International	Pair Corr
0.52	OAKIX	Oakmark International	Pair Corr
0.52	OANIX	Oakmark International	Pair Corr

Related Correlations Analysis

	PIEFX	TEOJX	ZEMIX	BXECX	POEIX	GAGPX	EMCIX	BOGSX
PIEFX		0.9	0.98	0.54	0.97	0.91	0.73	0.66	PIEFX
TEOJX	0.9		0.93	0.73	0.95	0.98	0.83	0.39	TEOJX
ZEMIX	0.98	0.93		0.62	0.98	0.93	0.75	0.62	ZEMIX
BXECX	0.54	0.73	0.62		0.63	0.68	0.58	0.09	BXECX
POEIX	0.97	0.95	0.98	0.63		0.94	0.81	0.62	POEIX
GAGPX	0.91	0.98	0.93	0.68	0.94		0.77	0.38	GAGPX
EMCIX	0.73	0.83	0.75	0.58	0.81	0.77		0.43	EMCIX
BOGSX	0.66	0.39	0.62	0.09	0.62	0.38	0.43		BOGSX
	PIEFX	TEOJX	ZEMIX	BXECX	POEIX	GAGPX	EMCIX	BOGSX

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Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Equity 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 Oakmark Equity'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PIEFX	0.79	(0.07)	(0.11)	0.00	0.98	(0.91)	1.82	(1.45)	4.54
TEOJX	0.66	(0.05)	0.00	(0.06)	0.00	0.00	1.76	(1.83)	4.91
ZEMIX	0.69	(0.04)	(0.10)	0.03	0.97	(0.67)	1.48	(1.96)	4.20
BXECX	0.26	(0.02)	(0.36)	(0.03)	0.26	(0.38)	0.65	(0.40)	1.45
POEIX	0.77	(0.06)	(0.11)	0.00	0.94	(0.86)	1.54	(1.82)	5.70
GAGPX	0.71	(0.08)	0.00	(0.10)	0.00	0.00	1.43	(1.84)	5.18
EMCIX	0.15	(0.01)	0.00	0.61	0.00	0.00	0.52	(0.34)	0.87
BOGSX	0.96	(0.12)	(0.05)	0.03	1.39	(0.95)	1.88	(2.25)	5.68

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