Oaktree (lux) Correlations
| 0P0001GXZ7 | 135.35 0.12 0.09% |
The current 90-days correlation between Oaktree (lux) and Ab Small Cap is 0.07 (i.e., Significant diversification). The correlation of Oaktree (lux) 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.
Oaktree (lux) Correlation With Market
Good diversification
The correlation between Oaktree Iii and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oaktree Iii and DJI in the same portfolio, assuming nothing else is changed.
Oaktree |
Moving together with Oaktree OTC Fund
| 0.71 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.77 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.69 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.71 | VITSX | Vanguard Total Stock | PairCorr |
| 0.69 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.69 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.77 | VFINX | Vanguard 500 Index | PairCorr |
| 0.71 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.69 | MISXX | Morgan Stanley Insti | PairCorr |
| 0.83 | DIS | Walt Disney | PairCorr |
| 0.77 | CSCO | Cisco Systems | PairCorr |
| 0.61 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | MSFT | Microsoft | PairCorr |
| 0.81 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.83 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Oaktree OTC Fund
| 0.91 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.85 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.78 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.72 | PFE | Pfizer Inc Sell-off Trend | PairCorr |
| 0.71 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.7 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.68 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.61 | HPQ | HP Inc | PairCorr |
| 0.45 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.36 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| 0.92 | 0.94 | 0.96 | 0.94 | 0.96 | 0.94 | SCYVX | ||
| 0.92 | 0.96 | 0.92 | 0.98 | 0.89 | 0.99 | VVSCX | ||
| 0.94 | 0.96 | 0.9 | 0.97 | 0.92 | 0.97 | WBVNX | ||
| 0.96 | 0.92 | 0.9 | 0.92 | 0.96 | 0.93 | MLPSX | ||
| 0.94 | 0.98 | 0.97 | 0.92 | 0.9 | 0.99 | UMPSX | ||
| 0.96 | 0.89 | 0.92 | 0.96 | 0.9 | 0.91 | QRSAX | ||
| 0.94 | 0.99 | 0.97 | 0.93 | 0.99 | 0.91 | VISVX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Oaktree OTC Fund performing well and Oaktree (lux) OTC 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 Oaktree (lux)'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCYVX | 0.90 | (0.05) | 0.00 | (0.15) | 0.00 | 1.75 | 10.44 | |||
| VVSCX | 0.86 | 0.02 | 0.01 | 0.07 | 1.11 | 1.72 | 10.88 | |||
| WBVNX | 0.89 | (0.05) | 0.00 | (0.27) | 0.00 | 1.72 | 10.23 | |||
| MLPSX | 0.69 | 0.00 | (0.01) | (0.01) | 0.95 | 1.62 | 8.46 | |||
| UMPSX | 1.37 | 0.02 | 0.01 | 0.05 | 1.82 | 3.22 | 15.98 | |||
| QRSAX | 0.79 | (0.04) | 0.00 | (0.24) | 0.00 | 1.51 | 10.20 | |||
| VISVX | 0.71 | 0.00 | (0.01) | 0.00 | 0.90 | 1.50 | 8.26 |
Oaktree (lux) Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Oaktree (lux) otc fund to make a market-neutral strategy. Peer analysis of Oaktree (lux) could also be used in its relative valuation, which is a method of valuing Oaktree (lux) by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |