Oakmark Select Correlations

OAKLX
 Fund
  

USD 54.70  0.16  0.29%   

The correlation of Oakmark Select is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oakmark Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oakmark Select moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Oakmark Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oakmark Select when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oakmark Select - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oakmark Select to buy it.

Moving together with Oakmark Select

0.97VVIAXVanguard Value IndexPairCorr
0.97VIVIXVanguard Index TrustPairCorr
0.97VIVAXVanguard Index TrustPairCorr
0.98DODGXDodge Cox StockPairCorr
0.97CMLCXAmerican MutualPairCorr
0.97RMFHXAmerican MutualPairCorr
0.97FFFMXAmerican MutualPairCorr
0.97AMRFXAmerican MutualPairCorr
0.97FFMMXAmerican MutualPairCorr
0.97RMFFXAmerican MutualPairCorr
0.95BTMKXIshares MSCI EAFEPairCorr
0.97SEQPXGuggenheim World EquityPairCorr
0.97SFGCXGuggenheim World EquityPairCorr
0.93GCGRXNationwide DynamicPairCorr
0.9DDDupont DenemoursPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FUBER
FMSFT
UBERMSFT
AMSFT
AF
XOMJPM
  
High negative correlations   
MRKTWTR
TF
TUBER
MRKF
MRKUBER
TTWTR

Oakmark Select Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Oakmark Select stock performing well and Oakmark Select Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Oakmark Select's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.32 (0.16)  0.00 (0.23)  0.00 (0.0465)  0.00  4.00 (5.55)  17.65 
MSFT 1.75  0.05  0.02  0.02  2.28  0.0179 (1.79)  2.97 (4.24)  7.83 
UBER 3.74  0.26  0.05  0.15  4.76  0.05 (3.67)  6.40 (7.19)  16.91 
F 2.63  0.15  0.04  0.06  3.16  0.0408 (2.84)  5.27 (5.54)  16.83 
T 1.15 (0.04)  0.00 (0.08)  0.00 (0.0233)  0.00  2.20 (2.45)  10.81 
A 1.93  0.17  0.07  0.12  2.26  0.07 (2.10)  4.22 (3.29)  9.78 
CRM 2.58  0.17  0.05  0.08  3.11  0.0473 (2.73)  5.77 (5.16)  16.84 
JPM 1.46 (0.05)  0.00 (0.06)  0.00 (0.0288)  0.00  3.31 (2.51)  10.79 
MRK 0.98  0.02  0.02  0.04  1.24  0.0246 (0.97)  1.83 (2.50)  6.96 
XOM 2.10  0.06  0.02  0.05  2.98  0.0228 (1.93)  3.97 (4.21)  11.86 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oakmark Select without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Oakmark Select?

You need to understand the risk of investing before taking a position in Oakmark Select. The danger of trading Oakmark Select is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Oakmark Select is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Oakmark Select. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oakmark Select is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the Oakmark Select information on this page should be used as a complementary analysis to other Oakmark Select's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Oakmark Select price analysis, check to measure Oakmark Select's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oakmark Select is operating at the current time. Most of Oakmark Select's value examination focuses on studying past and present price action to predict the probability of Oakmark Select's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Oakmark Select's price. Additionally, you may evaluate how the addition of Oakmark Select to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Oakmark Select's value and its price as these two are different measures arrived at by different means. Investors typically determine Oakmark Select value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oakmark Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.