Natixis Oakmark Correlations

Mutual Funds . USA . 
Fund . Natixis Oakmark Fund
NECOX Fund  USD 22.47  0.05  0.22%   
The current 90-days correlation between Natixis Oakmark and Sprott Gold Equity is 0.24 (i.e., Modest diversification). The correlation of Natixis Oakmark 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.

Natixis Oakmark Correlation With Market

Poor diversification

The correlation between Natixis Oakmark Fund and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natixis Oakmark Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natixis Oakmark Fund. 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 persons.

Moving together with Natixis Mutual Fund

  0.96NOANX Natixis OakmarkPairCorr
  0.73GCPAX Gateway Equity CallPairCorr
  0.73GCPCX Gateway Equity CallPairCorr
  0.73GCPNX Gateway Equity CallPairCorr
  0.73GCPYX Gateway Equity CallPairCorr
  0.74LGMAX Loomis Sayles GlobalPairCorr
  0.75LGMCX Loomis Sayles GlobalPairCorr
  0.74LGMNX Loomis Sayles GlobalPairCorr
  0.79LGRCX Loomis Sayles GrowthPairCorr
  0.79LGRNX Loomis Sayles GrowthPairCorr
  0.79LGRRX Loomis Sayles GrowthPairCorr
  0.64VNSYX Vaughan Nelson SelectPairCorr
  0.65VNSCX Vaughan Nelson SelectPairCorr
  0.65VNSAX Vaughan Nelson SelectPairCorr
  0.64VNSNX Vaughan Nelson SelectPairCorr
  0.76VNVCX Vaughan Nelson ValuePairCorr
  0.76VNVAX Vaughan Nelson ValuePairCorr
  0.76VNVNX Vaughan Nelson ValuePairCorr
  0.76VNVYX Vaughan Nelson ValuePairCorr
  0.89NSFLX Natixis SustainablePairCorr
  0.88NSFKX Natixis SustainablePairCorr
  0.91NSFJX Natixis SustainablePairCorr

Moving against Natixis Mutual Fund

  0.48LGANX Loomis Sayles LimitedPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together 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   
UIPMX
+ 1.0
IIGCX
IIGCX
+ 0.99
SGDLX
IIGCX
+ 0.99
EPGFX
UIPMX
+ 0.99
EPGFX
EPGFX
+ 0.98
SGDLX
UIPMX
+ 0.98
SGDLX
  
High negative correlations   
UIPMX
- 0.56
MXKJX
MXKJX
- 0.55
IIGCX
MXKJX
- 0.52
XGGNX
MXKJX
- 0.52
EPGFX
MXKJX
- 0.52
SGDLX
VGSBX
- 0.45
MXKJX

Risk-Adjusted Indicators

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