Oakmark Bond Correlations
| OANCX Fund | USD 8.93 0.03 0.34% |
The current 90-days correlation between Oakmark Bond and Baron Health Care is -0.05 (i.e., Good diversification). The correlation of Oakmark Bond 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.
Oakmark Bond Correlation With Market
Modest diversification
The correlation between Oakmark Bond and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Bond and DJI in the same portfolio, assuming nothing else is changed.
Oakmark |
Moving together with Oakmark Mutual Fund
| 0.9 | OAYIX | Oakmark International | PairCorr |
| 0.89 | OAYWX | Oakmark Global Select | PairCorr |
| 0.91 | OAZEX | Oakmark International | PairCorr |
| 1.0 | OAZCX | Oakmark Bond | PairCorr |
| 0.9 | OAZIX | Oakmark International | PairCorr |
| 0.85 | OAZGX | Oakmark Global | PairCorr |
| 0.96 | OAYCX | Oakmark Bond | PairCorr |
| 0.83 | OAYGX | Oakmark Global | PairCorr |
| 0.9 | OAYEX | Oakmark International | PairCorr |
| 0.88 | OAZWX | Oakmark Global Select | PairCorr |
| 0.96 | OAKCX | Harris Associates | PairCorr |
| 0.84 | OAKGX | Oakmark Global | PairCorr |
| 0.9 | OAKEX | Oakmark International | PairCorr |
| 0.89 | OAKIX | Oakmark International | PairCorr |
| 0.89 | OAKWX | Oakmark Global Select | PairCorr |
| 0.89 | OANWX | Oakmark Global Select | PairCorr |
| 0.91 | OANEX | Oakmark International | PairCorr |
| 0.9 | OANIX | Oakmark International | PairCorr |
| 0.85 | OANGX | Oakmark Global | PairCorr |
| 0.95 | MWTNX | Metropolitan West Total | PairCorr |
| 0.9 | MWTSX | Metropolitan West Total | PairCorr |
| 0.96 | PTTPX | Pimco Total Return | PairCorr |
| 0.95 | PTRRX | Total Return | PairCorr |
| 0.96 | PTRAX | Total Return | PairCorr |
| 0.91 | PTTRX | Total Return | PairCorr |
| 0.95 | FIWGX | Strategic Advisers | PairCorr |
| 0.89 | DODIX | Dodge Income | PairCorr |
Related Correlations Analysis
| 0.3 | 0.6 | 0.64 | 0.78 | 0.37 | BHCHX | ||
| 0.3 | 0.54 | 0.72 | 0.62 | 0.86 | PGHAX | ||
| 0.6 | 0.54 | 0.93 | 0.59 | 0.36 | THISX | ||
| 0.64 | 0.72 | 0.93 | 0.77 | 0.64 | GTHCX | ||
| 0.78 | 0.62 | 0.59 | 0.77 | 0.79 | HIAHX | ||
| 0.37 | 0.86 | 0.36 | 0.64 | 0.79 | ETHSX | ||
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Risk-Adjusted Indicators
There is a big difference between Oakmark Mutual Fund performing well and Oakmark Bond 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 Oakmark Bond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHCHX | 0.73 | (0.12) | 0.00 | 0.76 | 0.00 | 1.43 | 5.20 | |||
| PGHAX | 0.68 | 0.00 | 0.00 | (0.11) | 0.00 | 1.33 | 4.12 | |||
| THISX | 0.93 | (0.16) | 0.00 | (0.30) | 0.00 | 1.43 | 11.13 | |||
| GTHCX | 0.84 | (0.09) | 0.00 | (0.22) | 0.00 | 1.26 | 9.65 | |||
| HIAHX | 0.70 | 0.01 | 0.00 | (0.09) | 0.00 | 1.39 | 4.43 | |||
| ETHSX | 0.67 | 0.05 | 0.11 | (0.01) | 0.80 | 1.29 | 4.00 |