Oakmark Fund Correlations

OAYMX
 Fund
  

USD 95.70  2.58  2.63%   

The correlation of Oakmark Fund 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 Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oakmark Fund Advisor 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 Fund 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 Fund 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 Fund - 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 Fund Advisor to buy it.

Moving together with Oakmark Fund

+0.95VIVIXVanguard Index TrustPairCorr
+0.95VVIAXVanguard Value IndexPairCorr
+0.95VIVAXVanguard Index TrustPairCorr
+0.99DODGXDodge Cox StockPairCorr
+0.9CMLCXAmerican MutualPairCorr
+0.89RMFHXAmerican MutualPairCorr
+0.71FFFMXAmerican MutualPairCorr
+0.89AMRFXAmerican MutualPairCorr
+0.89CMLAXAmerican MutualPairCorr
+0.71FFMMXAmerican MutualPairCorr
+0.69IVHEXIvy High IncomePairCorr
+0.68WRHIXIvy High IncomePairCorr
+0.92CSJZXCohen Steers RealtyPairCorr
+0.94CSJRXCohen Steers RealtyPairCorr
+0.94CSJAXCohen Steers RealtyPairCorr

Related Correlations

IVRA
HAUS
RYREX
NGRAX
CNREX
FPRO
IVRA
0.510.820.650.780.9
IVRA
HAUS
0.510.21-0.050.110.23
HAUS
RYREX
0.820.210.910.980.93
RYREX
NGRAX
0.65-0.050.910.940.82
NGRAX
CNREX
0.780.110.980.940.91
CNREX
FPRO
0.90.230.930.820.91
FPRO
IVRA
HAUS
RYREX
NGRAX
CNREX
FPRO
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CNREXRYREX
CNREXNGRAX
FPRORYREX
NGRAXRYREX
FPROCNREX
FPROIVRA
  
High negative correlations   
NGRAXHAUS

Oakmark Fund Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Oakmark Mutual Fund performing well and Oakmark Fund 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 Fund'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oakmark Fund without increasing your portfolio risk or giving up the 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 Fund Advisor?

The danger of trading Oakmark Fund Advisor 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 Fund 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 Fund. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oakmark Fund Advisor 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. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Oakmark Fund Advisor price analysis, check to measure Oakmark Fund'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 Fund is operating at the current time. Most of Oakmark Fund's value examination focuses on studying past and present price action to predict the probability of Oakmark Fund's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Oakmark Fund's price. Additionally, you may evaluate how the addition of Oakmark Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Oakmark Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine Oakmark Fund value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oakmark Fund'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.