Oakmark Fund Correlations

Mutual Funds USA . 
Fund . Oakmark Fund R6
OAZMX Fund  USD 163.10  0.22  0.14%   
The current 90-days correlation between Oakmark Fund R6 and Mesirow Financial Small is 0.89 (i.e., Very poor diversification). The correlation of Oakmark Fund 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 Fund Correlation With Market

Very poor diversification

The correlation between Oakmark Fund R6 and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Fund R6 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 Fund R6. 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 population.

Moving together with Oakmark Mutual Fund

  1.0OAYMX Oakmark Fund AdvisorPairCorr
  0.99OAYLX Oakmark SelectPairCorr
  0.98OAZBX Oakmark Equity AndPairCorr
  0.98OAYBX Oakmark Equity AndPairCorr
  0.99OAZLX Oakmark SelectPairCorr
  0.98OAKBX Oakmark Equity AndPairCorr
  1.0OAKMX Oakmark Fund InvestorPairCorr
  0.99OAKLX Oakmark SelectPairCorr
  0.98OANBX Oakmark Equity AndPairCorr
  1.0OANMX Oakmark Fund InstituPairCorr
  0.99OANLX Oakmark SelectPairCorr
  0.92VVIAX Vanguard Value IndexPairCorr
  0.98DOXGX Dodge Cox StockPairCorr
  0.8AFMFX American MutualPairCorr
  0.8FFMMX American Funds AmericanPairCorr
  0.8FFFMX American Funds AmericanPairCorr
  0.8AMRMX American MutualPairCorr
  0.8AMFFX American MutualPairCorr
  0.79AMFCX American MutualPairCorr

Moving against Oakmark Mutual Fund

  0.74OAZCX Oakmark BondPairCorr
  0.74OAYCX Oakmark BondPairCorr
  0.74OAKCX Harris AssociatesPairCorr
  0.71OAKEX Oakmark InternationalPairCorr
  0.7OAZEX Oakmark InternationalPairCorr
  0.7OAYEX Oakmark InternationalPairCorr
  0.7OANEX Oakmark InternationalPairCorr
  0.6OAYIX Oakmark InternationalPairCorr
  0.6OAZIX Oakmark InternationalPairCorr
  0.6OAKIX Oakmark InternationalPairCorr
  0.74OANCX Oakmark BondPairCorr
  0.6OANIX Oakmark InternationalPairCorr
  0.41VTISX Vanguard Total InterPairCorr
  0.41VTSNX Vanguard Total InterPairCorr
  0.41VTPSX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Fund 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 Fund'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.

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