Natixis Oakmark Correlations

NIONX Fund  USD 14.87  0.01  0.07%   
The current 90-days correlation between Natixis Oakmark Inte and Asg Managed Futures is 0.09 (i.e., Significant 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

Very weak diversification

The correlation between Natixis Oakmark International and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natixis Oakmark International 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 International. 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 board of governors.

Moving together with Natixis Mutual Fund

  1.0NOIAX Natixis Oakmark IntePairCorr
  1.0NOICX Natixis Oakmark IntePairCorr
  1.0NOIYX Natixis Oakmark IntlPairCorr
  0.91LGANX Loomis Sayles LimitedPairCorr
  0.9LGBCX Loomis Sayles InvestmentPairCorr
  0.91LGBNX Loomis Sayles InvestmentPairCorr
  0.91LIGAX Loomis Sayles InvestmentPairCorr
  0.91LIGRX Loomis Sayles InvestmentPairCorr

Moving against Natixis Mutual Fund

  0.77AMFAX Asg Managed FuturesPairCorr
  0.75AMFNX Asg Managed FuturesPairCorr
  0.58VNSCX Vaughan Nelson SelectPairCorr
  0.56VNSYX Vaughan Nelson SelectPairCorr
  0.56VNSAX Vaughan Nelson SelectPairCorr
  0.56VNSNX Vaughan Nelson SelectPairCorr
  0.55LGRCX Loomis Sayles GrowthPairCorr
  0.54LGRNX Loomis Sayles GrowthPairCorr
  0.54LGRRX Loomis Sayles GrowthPairCorr
  0.38GCPCX Gateway Equity CallPairCorr
  0.36GCPAX Gateway Equity CallPairCorr
  0.35GCPNX Gateway Equity CallPairCorr
  0.35GCPYX Gateway Equity CallPairCorr
  0.63VNVCX Vaughan Nelson ValuePairCorr
  0.62VNVAX Vaughan Nelson ValuePairCorr
  0.62VNVNX Vaughan Nelson ValuePairCorr
  0.62VNVYX Vaughan Nelson ValuePairCorr

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   
NOICXNOIAX
NOIYXNOIAX
NOIYXNOICX
GCPCXGCPAX
GCPNXGCPAX
GCPYXGCPAX
  
High negative correlations   
NOIYXAMFAX
NOICXAMFAX
NOIAXAMFAX
NOIYXAMFNX
NOICXAMFNX
NOIAXAMFNX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMFAX  0.68 (0.10) 0.00 (0.58) 0.00 
 1.17 
 4.11 
AMFNX  0.65 (0.10) 0.00 (2.69) 0.00 
 1.04 
 3.93 
NOANX  0.72 (0.01) 0.00 (0.01) 0.00 
 1.32 
 6.81 
NOIAX  0.81  0.16  0.16  0.27  0.82 
 1.74 
 5.36 
NOICX  0.81  0.16  0.16  0.26  0.83 
 1.83 
 5.37 
GCPAX  0.63 (0.03) 0.00 (0.03) 0.00 
 1.24 
 3.91 
GCPCX  0.64 (0.03) 0.00 (0.04) 0.00 
 1.25 
 3.97 
GCPNX  0.63 (0.03) 0.00 (0.03) 0.00 
 1.24 
 3.92 
NOIYX  0.81  0.16  0.17  0.27  0.81 
 1.81 
 5.32 
GCPYX  0.64 (0.03) 0.00 (0.03) 0.00 
 1.24 
 3.97